Your home is not just your single biggest financial asset. It’s every Englishman’s castle. This emotional connection to your home means that building an extension means more to you than just an increase in your living space.
Basement extensions are a popular way of increasing the living space within a property where space is at a premium. Basement extensions can add substantial value; experts suggest that spending £300 per square foot on constructing a basement will yield a return of around £2,000 per square foot at the point of sale. Basement extensions are not just about adding value; your carefully designed extension is an investment of your time, your effort and your vision.
All home alterations can be stressful; building works are disruptive and fraught with potential for disagreement with your contractor as well as your neighbours. Concerns about the noise and disruption caused during the works are common, as well as concerns about the potential for damage to adjoining properties.
We can help you to identify and manage the risks when undertaking a basement extension and avoid many of the pit-falls that can result in disagreements with your neighbours. If a dispute does arise, we can help resolve it as quickly and cost-effectively as possible to keep your development on-track.
We can also help adjoining owners who are affected by basement developments, by identifying and addressing the risks early in the planning stages to avoid disagreements before the works begin. If a dispute arises after the building works have started, we can take quick and decisive action to protect your interests and to recover any losses that you may have suffered.
Our industry-leading basements group is led by Matthew Hearsum, a partner in our Dispute Resolution team. Matthew has advised on many of the high-profile basement cases in the news, and is the author of The Law and Practice of Basement Extensions (October 2016). He is frequently invited to speak to professional groups including the Royal Institution of Chartered Surveyors, the Pyramus and Thisbe Club and the Faculty of Party Wall Surveyors.