Adding an extension to your home is a popular way to create more space, improve functionality, and even increase the value of your property. Whether you’re adding a new bedroom, extending your kitchen, or creating a multi-level addition, a home extension can transform the way you live. However, one of the biggest questions homeowners face when considering an extension is: “How much will a home extension cost?”
The cost of a home extension depends on various factors, including the size of the extension, the materials used, and the complexity of the project. In this blog, we’ll explore the different factors that affect the cost of a home extension, give you a rough idea of what you can expect to pay, and provide insights into how to maximise your investment.
Factors That Affect the Cost of a Home Extension
- Size and Complexity
The size of your extension is one of the most significant factors in determining cost. A larger extension will require more materials and labour, increasing the total cost. Additionally, the complexity of the design plays a role. A straightforward ground-floor extension may be more affordable than a second-story addition that involves structural changes to your home. - Materials Used
The choice of materials can significantly impact the overall cost. High-end finishes, such as hardwood flooring, marble countertops, or custom cabinetry, will drive up expenses. On the other hand, opting for more affordable materials like laminate or standard tiles can help keep the budget in check. - Labour Costs
Labour costs vary depending on your location and the expertise of the builders you hire. In cities like Melbourne, labour can be on the higher end, but finding reputable and experienced builders ensures quality work that may save you money in the long run. - Permits and Regulations
Depending on the type of extension, you may need to secure various permits and approvals from your local council. These costs can vary, and failing to obtain the necessary permits can lead to fines and delays. - Plumbing and Electrical Work
If your extension requires additional plumbing or electrical work—such as adding new bathrooms or kitchens—you’ll need to factor these costs into your budget. Moving plumbing fixtures or installing new electrical wiring can significantly increase the cost of your extension. - Site Conditions
The condition of your property’s site also affects the cost. If your home is on a sloping block or has restricted access, this can add to the expense. Additionally, unexpected issues, such as poor soil conditions or the need to remove large trees, can increase costs.
Average Cost of a Home Extension in Melbourne
In Melbourne, the cost of a home extension typically ranges from $2,000 to $4,000 per square metre. A small extension (around 20 square metres) could cost between $40,000 and $80,000, while a larger extension (50 square metres or more) might range from $100,000 to $200,000. These prices can fluctuate based on the factors mentioned earlier, so it’s important to get a detailed quote from your builder before starting the project.
What Home Extensions Add the Most Value?
If you’re planning a home extension with the goal of increasing your property’s value, it’s worth considering which types of extensions are most likely to yield a high return on investment (ROI). Here are some of the top choices for value-adding extensions:
- Kitchen Extensions
A spacious, modern kitchen is one of the most sought-after features in a home. Extending your kitchen to create an open-plan living space can make your home more functional and appealing to potential buyers. Kitchen renovations and extensions tend to offer a strong ROI, particularly if you focus on high-quality finishes and appliances. - Bathroom Additions
Adding an extra bathroom is another smart investment. Homes with multiple bathrooms are more attractive to families, and a well-designed bathroom with modern fixtures can significantly increase your home’s market value. According to the Office for National Statistics, adding a bathroom to your home can increase its value by up to 5%. - Master Suite Additions
Expanding your home to include a master bedroom with an ensuite can add luxury and comfort to your living space. Master suites are in high demand, particularly in family homes, and this type of extension is likely to boost your home’s resale value. - Outdoor Living Spaces
In Melbourne’s temperate climate, outdoor living areas are highly desirable. Extending your home to include a deck, patio, or covered alfresco area can enhance your lifestyle while increasing the value of your property. - Granny Flats or Self-Contained Units
Adding a granny flat or a self-contained unit to your property can provide additional living space for extended family members or create a rental income opportunity. This type of extension can significantly increase the value of your home, especially if it’s designed to be independent from the main house. Loft conversions can bring in around 20% of a value increase, the same as adding another room.
Affordable Home Extension Builders Melbourne
When it comes to extending your home, finding an experienced and affordable builder is key to keeping your project on budget. Concept Design Construct is one of Melbourne’s leading home extension builders, known for delivering high-quality, custom solutions at competitive prices. They specialise in creating tailored extensions that meet the unique needs of homeowners, all while ensuring affordability.
Concept Design Construct has a reputation for excellence, with a team of skilled designers, architects, and builders who work closely with clients from the initial consultation through to project completion. Whether you’re looking to add an extra bedroom, extend your kitchen, or create a multi-story addition, Concept Design Construct offers innovative and cost-effective solutions that suit your budget.
One of the reasons Concept Design Construct stands out as an affordable home extension builder is their commitment to transparent pricing. They provide detailed, itemised quotes that help you understand exactly where your money is going, so there are no surprises down the line. Additionally, their efficient project management and focus on using quality, cost-effective materials help ensure that you get the best value for your investment.
If you’re looking for a home extension builder in Melbourne who can deliver outstanding results without breaking the bank, Concept Design Construct is the company to trust. With years of experience in the industry, they have a proven track record of turning homeowners’ visions into reality.
Home extensions can be a fantastic way to improve your living space and increase the value of your property. However, it’s important to carefully consider the costs involved and choose the right builder to ensure a smooth, successful project. By working with an experienced and affordable builder like Concept Design Construct, you can achieve the extension of your dreams without overextending your budget.
If you’re considering a home extension in Melbourne, reach out to Concept Design Construct for a consultation and find out how they can help bring your vision to life.
