Extension with Mortgage

[Neeranam]

I want to extend one room by a couple of metres. The local builder told me that if I keep it to one floor, I don't need to tell the bank that I have my mortgage with. 

Does anyone have experience in this kind of thing?

[Yellowtail]

Why don't you read your mortgage documents?

 

I think as long as you do not compromise the structural integrity of the building you should be okay. 

 

For example, if you are moving an internal, non-bearing wall to, or removing a non-bearing external wall and adding-on an extension without interfering with the footings, columns or beams you would not harm the actual structure.

 

Moving a footing, column or beam you would, or at least could be harming the structure. 

[Neeranam]

5 hours ago, Yellowtail said:

Why don't you read your mortgage documents?

 

I think as long as you do not compromise the structural integrity of the building you should be okay. 

 

For example, if you are moving an internal, non-bearing wall to, or removing a non-bearing external wall and adding-on an extension without interfering with the footings, columns or beams you would not harm the actual structure.

 

Moving a footing, column or beam you would, or at least could be harming the structure. 

I will, if I can find them. I can't remember anything like that when I scanned them last.

 

Not interfering with any main structures so should be OK, as the experienced builder said. 

 

I have French windows taking up most of  the wall, just adding about 33% onto the room. 

 

Thanks!

 

 

[Artben]

Since you are expanding it should increase the value and they will be happy since the house is the collateral for the loan.  I would not worry about it.

[Yellowtail]

28 minutes ago, Artben said:

Since you are expanding it should increase the value and they will be happy since the house is the collateral for the loan.  I would not worry about it.

 

With should being the key word. Unfortunately, often owner "upgrades" actually decrease the value of the property, sometimes significantly.  

[khunPer]

2 hours ago, Yellowtail said:

 

With should being the key word. Unfortunately, often owner "upgrades" actually decrease the value of the property, sometimes significantly.  

I think you might have a point, I've seen some exciting Thai-style "upgrades"...

[khunPer]

Just now, khunPer said:

I think you might have a point, I've seen some exiting Thai-style "upgrades"...

Edit: –and after closer thinking also an amazing Ukrainian-way-of-thinking Thai-house upgrade...