The Ultimate Guide to House Extension Costs | 2024
Feeling that your home is too small or outdated? You may be facing the difficult decision between choosing to extend or sell your current home.
House extensions are an excellent way to transform the look and functionality of your home, as well as adding value to your property and to your lifestyle. Whilst an extension is a costly project, it can actually be more cost-effective than selling your home and purchasing a new one.
The transactional expenses of moving house add up quickly.
The main selling costs include real estate agents commission, auction fees, display furniture, professional photography and conveyancers costs.
While the largest cost will be the Stamp Duty payable on the purchase of your new property, currently around 5.5% in Victoria. On top of all this are the costs for removalists, mortgage establishment fees and the inconvenience of moving house! On the median priced home in Melbourne these fees could be up to $70,000. That equates to fees and taxes that you could have spent on renovating and extending your home!
How much does a home extension cost?
The cost of a house extension can vary greatly depending on the size, dimensions, permit requirements, and quality of materials used.
Generally, prices for an extension project start at $2,000-$3,000 per square metre with prices increasing further depending on the scope and complexity of the project. For example, a second-story extension can increase the cost of an extension by 50% per square metre compared to a ground-story renovation.
Identifying and then prioritising your needs and desires for a house extension is the first step to kickstarting your renovation adventure and avoiding unexpected financial strain. Consulting experienced industry professionals like Campi’s can bring you the clarity and expertise to begin planning and executing a successful project.
Our Process
- Arrange a call with one of our expert team members to discuss your house extension ideas, goals, budget, and requirements.
- We can prepare a preliminary cost estimate based on our conversation and assist you with the design and concept plans stage of your renovation.
- We review and refine these plans with you until you are satisfied and then create a more accurate quote.
- We will assist you right through the process of obtaining building permits before getting started.
- Our expert trades work on every aspect of your extension to bring your dream extension to life.
Whether enquiring about the cost of 50m2 extensions or 100m2 extensions, a front house extension, or a rear house extension, our team can develop an extension plan unique to your needs.
Campi’s has been in the building industry since 1972 with a team of qualified tradespeople, we are fully licensed and insured builders, specialising in house extensions & renovations in Melbourne.
For more information on our services and to start your journey, contact our experts today.