Are you covered by your building insurance when disaster strikes?
You love your home but you feel like you could use some extra space. Whether it’s for a baby on the way or to give yourself the master suite you’ve always wanted, alterations can increase property value. If you’re wanting to extend your home, there’s more to it than updating your building insurance policy once it’s all completed. (Which you must do). The last thing you’d want is to know that your newly completed sunroom isn’t covered by your building insurance when disaster strikes!
Here’s what to think about before you start those alterations…
Get the right start
Before you can get building, you need a custom design plan drawn up by a professional. You could make use of either an architect, building designer or draughtsman. Being something that could make or break the flow of your home, it’s something you should look into before selecting someone to design. When you consider the potential to add value to your property, it’s something you ought to maximise where possible. Ask relatives or friends who they’ve used and select someone based on recommendations. This will allow you to choose a reputable provider that can meet your expectations.
Did you know that all homeowners carrying out alterations need to get the approval from local authorities? Failure to do so could carry severe penalties. Once the plan for your proposed build has been drawn up, they’ll need to be submitted to your municipality’s planning division. Once you’ve got the green light, you’re good to go!
Where to build? That is the question…
Are you going up a level or expanding outwards? This is a choice that will determine a lot of things. If you extend your home with a second floor, you can say hello to higher costs. As you will need to remove the roof, add a new floor and more walls on the new storey. Having said that, these might be worth the trouble when you consider that a double-storey house can fetch a higher asking price. If you’re building onto the side of your home, you might be sacrificing garden space. We suggest weighing up these options carefully before going forward with it.
Choose a brilliant builder
Yes, it’s easier said than done. Again, we say go for one that’s recommended by those you know. That way, you can go and check out their work to see if you’d be happy with them. You should also ensure that they’re approved by the Master Builders Association of South Africa (MBSA) and the National Home Builders Registration Council (NHBRC). By doing this, you’ll get the peace of mind that comes with knowing you’ve entrusted the right person with your home. If you can, get several quotes so that you can choose the option that delivers the right balance of price and quality.
Need extra cover?
We can help! Whether it’s a policy update or a new and improved one, we’ve got all of your needs and possessions covered. To chat with one of our insurance experts, please click here.