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Can you afford not to extend?

Moving might make sense to begin with, even if you consider the hassle of the search, the buying and selling process and all the packing and unpacking. That is until you start to add the cost of it all up. Plus of course, no one likes handing over tens of thousands of dollars to the government in stamp duty.

In fact, as an example, if your home is worth $650,000 then it could cost you over $83,750* just to move. That’s an incredible amount of money.

Below is a guideline of the costs involved*:

Real Estate agents fees to sell existing home, say, 2% on $650,000.00

2 Advertising existing home for sale $12,000.00

Furniture hire during sale (more if property passed in and stays on the market)


Cleaning, maintenance, updating and getting ready for sale

5 Storage fees during sale $5000.00

Conveyancing fees and disbursements/searches

7 Building report $1,500.00
Pest Report



Stamp duty on, say, $700,000.00

$38,000.00 (Victorian stamp duty calculator)



Packing boxes


The cost of bridging finance if you buy first and can’t sell


The cost of renting if you sell your home and can’t find a new one

  Total cost of moving $83,750.00 plus thousands

By extending rather than moving, you will have an additional amount of AT LEAST $83,750.00 that you can spend on your new, tailor designed and built extension. 

There are other non-financial headaches associated in moving to a new home:

  • Disappointment in leaving your home, garden, neighbourhood, friends, local amenities and conveniences and schools.
  • Do you buy or sell first?  If you buy first you risk not selling and incurring the financial burden of bridging finance which can run to thousands of dollars.  If you sell first, you may find yourself spending thousands of dollars renting accommodation whilst waiting for the right property to come along.
  • The enormous amount of time and effort involved in preparing your home for sale and making it ready for 2-3 open for inspections per week during the sale process. 
  • Packing and moving the entire contents of the home including time off from work and the long hours required to get everything done.
  • Finding the time and motivation to house hunt every Saturday.
  • Finding the right property at the right price.
  • The disappointment of missing out at auction and the waste of time in pursuing properties where values are underquoted by selling agents.
  • The inconvenience and time to terminate existing power and utilities to your current home and arranging connections to the new home.
  • Buying a property that will inevitably need some level of renovation to suit your needs instead of extending the existing one with a design that is specifically tailored to your requirements.

*The costs of buying and selling set out above are an estimate based on a selling price of $650,000.00 and a purchase price of the new home of $700,000.00


Find out more about second storey extensions
See our second storey case studies.

  • “The quality of tradesmen Supa Group employ are very good. Our original home was built by a volume builder and doesn't compare to the workmanship displayed by Supa Groups tradesmen.”

    Steve and Anna of Pascoe Vale South
  • “The works commenced in November and as promised the second storey was at lock up well before Christmas.”

    John and Grazie of Box Hill North
  • “Our previous experience of builders has not been great, however we immediately experience a far more professional, friendly and reliable approach.”

    David and Kathryn of Wantirna
  • “A big Thank You for a smooth project throughout all its stages, which did not interfere with our busy household of seven.”

    Naso and Eva of Bulleen
  • “Thank you for working with us over the last year to make our dream of renovating our much loved home a reality.”

    Mark and Catherine of Hampton
  • “Wez and I were very touched by the kind thoughts and flowers we received for our family loss, we warmly thank you so very much...and this is Supa Group!!!”

    Wez and Pina of Rowville
  • “You get results that make you smile every time you come home and open the front door. You get a home that brings you joy.”

    Steve and Jenny of Watsonia
  • “The Design process was like no other we have experienced. We were excited from day one and we are still smiling from ear to ear.”

    Kleanthis and Emma of Oakleigh East
  • “Our building supervisor Braidon Marshall was absolutely fantastic. He was friendly, approachable and accessible when we had a few issues out of hours. We sprung a leak on one rather rainy night, and he came to the rescue after his birthday dinner no less!”

    Danny and Melissa of Coburg
  • “The pleasant demeanor, accommodation of questions and assistance through the process has provide us with a feeling of a priority client. ”

    Peter and Louise of Alphington
  • “What was really impressive was that the building works were completed in an incredible 6 weeks!!!!”

    Chris and Michelle of Camberwell
  • “I highly recommend anyone to consider Supa Group for an extension on their home. I am absolutely delighted we chose Supa Group to make our dreams come true!”

    Tony and Claire
  • “We are very happy in our new home and we would like to thank all the staff at supagroup.”

    Dale and Cristina, Port Melbourne
  • “Supa Group has done a great job capturing our vision with the original ideas and plans we had in mind and the result is better than we would have expected.”

    Con and Daniella, East Keilor
  • “From initial plans right through to the end Supagroup have been polite, professional and super efficient and well organised. Thanks to everyone at Supagroup for helping realise my dreams.”

    Claudia, West Footscray
  • “We have no hesitation in recommending Supa Group and we have already started in our Church community, neighbourhood and Tin's work place.”

    David and Tina, Gladstone Park
  • “We would not hesitate to recommend Supa Group to any family or friends who may consider a house extension.”

    George & Elizabeth, Maidstone
  • “The end result has exceeded my expectations. Not only is the end result stunning but also the manner in which it was achieved was exemplary. I would have no hesitation in recommending Supa Group to others considering extending their homes.. ”

    Jane, Blackburn
  • “...we were looking for a no fuss solution, which would require as little input from us as possible. We certainly found that with the Supa Group. We found you professional and timely right throughout the building phase.”

    Peter and Rose, Taylors Lakes
  • “My family and I would like to thank you for your excellent quality of work done on our second level extension. It's been an exciting six months watching our house turn into the home we were hoping for.”

    Tom and Vicky, Mill Park
  • “We have found the whole experience of a new extension something interesting and exciting and are delighted to recommend Supagroup to our friends and neighbours.”

    Tim and Kathy, Beaconsfield
  • “Every day we look around and are amazed at what has been achieved. ...our journey with Supa Group has been amazing to say the least. ”

    Damian and Anthea
  • “We would not hesitate in recommending Supa Group to others that are thinking of renovating or extending.”

    Maria and Vince