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News > Which Is Better To Move Into New Or To Extend The Old?

Which Is Better To Move Into New Or To Extend The Old?

prekhshasharma on 16 Oktober 2019 | 29 views | 0 replies
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There are tons of reasons where you think “we need more space in our house" it can be because of growing family, visiting friends and relatives or perhaps you would like to have a separate space for your home business.

 

On a financial aspect deciding whether to move in new house or to extend the old one is bit difficult but the answer is clear you live in a flat and want to have a more space or want to shift to a new locality, you only have to consider moving cost, for removal quotes you can contact Local Packers and Movers Kolkata too.

 

Extension will add value and space to your home but still cost is to be consider though. It’s important to know which option will benefit you the most and for that #PackersandMoversKolkata have put together the pros and cons, so to make the right decision.

 

According the survey 41% people will prefer to have extension rather than move to new house and other 35% believe in moving and remaining 24% are unsure. This is may be because people normally resist the changes and prefer the place they are living in from years from the security point of view and awareness about the surrounding, but in the end it’s all depend on you.

 

 

 

Is It Better To Move Into New?

 

“For some people it is not sensible to extend” take an example- you have 3 bedrooms house worth around 25 Lakh and if you extend it around 300 square feet, that might cost you around 3 lakh 50 thousand to 5 Lakh. It’s worthy to invest much only if you willing to stay for a long period but if you already have planned for shifting in the near future then no need to invest any money will be the best option.

  • Of course moving is also not a cost friendly option it involves, stamp duty, broker charges, dealers and many ancillary expense to acquire a household property in the moving cost don’t also forget to add cost of selling your old house like cost you have incurred for it's advertisement, broker, improvement extra, but do you know you can save a lot if you hire professional and reasonable Movers for your moving just like .
  • If we estimated cost of moving then it will goes like this:
  • For property survey it will be around Rs 50,000
  • Conveyance will be around Rs 5,000 to 7,000.
  • Estate agents will be around Rs 90,000 to 1,80,000.
  • Stamp duty will be 10% of the purchase cost.
  • Removal Company charges which will vary according to the distance and hour.
  • Cost of deposit which can be 5% or 20% of the cost of purchase.

 

Considering above the factors you have to estimate the overall expenses you have to incur for moving in new home. Also while moving to a new home don’t put your goods in danger, save them from uncertainties by availing Packers And Movers Behala kolkata Insurance services.

 

Is It Better To Extend?

 

Off course extending on your home is a cost effective option but that is depend on the number of factors, it is not always fixed that extension will pay you back. The Location and Demand of your property plays a vital role while selling any property and guarantee that your addition will definitely pay you back. In India people think adding a shop will be more financially feasible to there house. Ya! You have lot to do, so leave your packing and moving work in the reliable and experienced Packers and Movers Kolkata hand.

 

House cost for an extension vastly depends of location, size and the type of extension you are planning for. Sometimes it is more sensible to extend rather than buying because cost of purchasing a new house is more than cost of building, but also you have to see the potential of getting back what you have invested like for an case if you have 4 bedroom with no parking or garden or a house with large living space and small bedrooms than in such case selling your property could face some problems, so even if you thinking to spend a lot of years there don't spend much on extension.

Cost involved when you dealing in extension project:

  • Property survey will take around 15,000 to 21,000.
  • Planning permission will cost around 25,000.
  • Extension per square meter will cost around 75,000 to 85,000.
  • Architect fees will be 5 to 10% of extension cost.

 

 

 

Before you begin with extension project you have to get permission for it unless you have single storey.  Also cost may vary according to the state so be sure to aware yourself with the state law before you extend. While considering the cost of extension add the monthly rent you have to pay for shifting to a new place for a temporary period till your house get completed. For your household shifting if you require any help you can ask for it from Packers And Movers Jodhpur Park kolkata.

 

Opinion:

 

Extension is a easy and cost effective option which save you from selling and buying hectic’s but if you not planning to stay at your house for a longer period then don't invest.

 

Source url : https://blog.kolkatapackersmovers.in/2019/09/which-is-better-to-move-into-new-or-to-extend-the-old.html

16 Oktober 2019, 12:37
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