DepartFromTheIllegitimateChild ·
06/03/2021 11:02
I am property hunting at the moment as a FTB with a very FTB type budget (£300,000 max in the SE). Most of the places I'm looking at are flats but there are a few tiny houses that have caught my eye. One of these is quite newly built and in a street with other similar houses that have one to two more stories. I love the location and style but it is very small, big enough for just me now obviously but I really like the idea of buying somewhere I wouldn't necessarily HAVE to sell in a couple of years when I meet someone/want kids.
There's no garden to extend into but is the idea of adding a story on top completely ridiculous? I never seem to hear about this sort of extension and now I'm wondering if there is good reason for this. I get that planning permission could be an issue but the fact that there are other houses on the street of the same type and this height makes me think, maybe not too much of an issue? I do also know that it would be expensive, I've been trying to Google exactly how expensive but haven't had much luck finding anything at all conclusive (any educated guestimates or methods for calculating this would be much appreciated) My earnings could/should increase quite a lot in the next 2-3 years so I'm not too worried about the cost but obviously only within the realms of what would be reasonable/ cheaper than just buying a brand new, much bigger house.
It also wouldn't be a deal breaker, just a nice to have, but I'm keen to hear if anyone has any experience of doing something similar or knows what I might need to find out to establish whether it would be possible.
Thanks!