Maximising Property Values: The Impact of House Extensions in Christchurch

Most people extend their home because they want to stay, not sell. But renovation projects should always be done with consideration of future scenarios - plural. When it comes to extending your home, it can be a sure fire way of adding value to your property if, and only if, you do it right. Here’s how.

How do house extensions increase property value?

Property value is dependent on a number of factors, one being the livable space or square meterage. So logically, building an extension increases the livable space and therefore increases the property value. 

However, how the space is used also impacts the potential value of your home. If your house extension design is catered to something very niche, like a screenprinting home studio or housing for a vintage arcade machine collection, chances are it won’t appeal to the vast majority of homeowners. But, if you build an extra bedroom or bathroom, that’s a much more practical - and value-enhancing - house extension plan. 

Can I extend my house in Christchurch?

Part of the house extension process is applying for and receiving building consent, which grants or denies you permission to build an extension on your property. Extensions that are too close or have the potential to encroach on your property boundaries may require resource consent too; there are both height and lateral boundaries. 

Dealing with the council can be daunting if you’re unfamiliar with the regulations and applications procedure. At Refresh, our Christchurch team is well-versed in these processes and can guide you through every step. 

How much does a home extension cost in Christchurch?

Increasing your property value won’t matter much if you over-invest in your home extension. But everyone’s budget and project requirements are different, so as long as you stick to what you can afford, you’ll be on track to increase your property value. 

On average, homeowners spend between $75,000*- $300,000*+ to build a home extension. The scope of your project–size, materials, labour, excavation, permits, etc, will dictate the final cost. You can learn more about which factors impact the cost to build a home extension here. 

*Costs are rough estimates and are subject to change. For a fixed-quote accurate to your specific project, please consult your local Refresh Renovation Consultants.

Tips for increasing your property value with a home extension in Christchurch

Quality workmanship

This should go without saying, but don’t skimp on quality. A professionally designed and built home extension will serve you in the present and give you the best return on your investment in the future. Think double-glazed windows, eco-friendly insulation, and durable materials. And that goes for the exterior too! A home extension should be seamless. 

Compliance

No potential buyer is going to want to take on a project that they know wasn’t completed in accordance with local regulations. Remedial or corrective work is a headache as is, made even worse when it was caused by no fault of your own. So take the extra time to double-check your permits and consents are in order. Or better yet, let us take care of it!

Universal purpose

Build an extension that will appeal to the largest buyer pool: bedrooms, lounge, bathroom, or guest suite. If this is your forever home, feel free to customise your extension to your heart’s content. If you’re looking to sell within the next 5-10 years, try to keep it universally useful.  

Unsure how to extend your home?

Get started with a free, no-obligation consultation. To arrange yours, simply get in touch with your local Christchrch Renovation Consultant and begin the home extension process today.