Dream Home: Extension or Build New?

With more people working from home than ever, creating your dream home is more important than ever. This helps to ensure flexible working from home arrangements and most importantly ensures maximum comfort for your family.

However, with property prices increasing to unprecedent levels, relocating to upgrade your living conditions may not be the most cost-effective way to achieve this ideal dream home.

For the most part, questions surrounding dream homes relate to building budgets and what is achievable. Therefore, before embarking on the design process, my advice is to prepare a feasibility study.

What does a feasibility study do?

When it comes to a feasibility study, we can prepare several options exploring maximum and minimum additions and alterations. We also assess the applicable budgets and expenses. Alternatively, a feasibility study can assess the benefits of demolishing and building new. Overall, a feasibility study helps to assess the best path for moving forward with the preferred design option that achieves the budget constraints.