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[Closed] House extension/renovation: How important is making your money back?

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True, @LittlestHobo has found a great area in that case.

Let me stalk their posts to see if I can find it.

In all seriousness, you spend long enough somewhere and you’ll get anchored to it. So upping and moving to somewhere else completely is out. I’ve floated moving to Peebles in the past when my plan to turn the garden into a pump track was vetoed. Shame that didn’t work out eh?


 
Posted : 24/11/2021 9:02 am
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I think stories like the above only work if the houses are are cheap in the area you live, goes to show you have to take your individual area and situation into account

Very much so. When a pretty average house is £600K then spending £100K on an extension is clearly a much smaller % than if the house was £150K as the extension will cost the same so switching from a £600k to £700k gets far less of an 'upgrade' than from £150k to £250k


 
Posted : 24/11/2021 9:50 am
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dunno even at 200k in a 3 bed i still struggle to make the math work for moving.

Locally(but on the other side of the city) moving to a 4 bed thats not on one of the luxury estates - sticking to a barrett build

id be looking at smaller rooms all round , less outside space , less garage space and a 60% more cost + fees


 
Posted : 24/11/2021 10:20 am
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But at £200K stamp duty is not a factor, at £700K it is a big factor and can be 1/3 the cost of the extension and it is also a throw away cost which doesn't help.


 
Posted : 24/11/2021 10:26 am
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are we crossing the streams ? I'm in support of the extension even in lower cost housing unless in exceptional cases as outlined above.


 
Posted : 24/11/2021 10:40 am
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