Wafir.maWafir.ma
Works credit

House extension / enlargement

House extension (veranda, additional floor, garage, parental suite) is heavy project requiring building permit and substantial financing (150K-800K MAD). Recommended via mortgage amendment or long-term works credit (10-15 years). Direct impact on property value (+20-40%).

Typical budget

150-800K MAD

Credit duration

7-15 ans

Average rate

5.2%

Budget breakdown

  • Building permit + architect: 15,000-50,000 MAD (5-8% of project)
  • Main works (foundations, walls, roof): 60,000-350,000 MAD (40-50%)
  • Joinery + insulation (windows, doors): 20,000-100,000 MAD
  • Secondary works (electricity, plumbing, AC): 30,000-150,000 MAD
  • Finishing (tiling, painting, floors): 25,000-150,000 MAD

Financing options

Mortgage amendment (more advantageous: 4.5-5.2%, duration 10-15 years, mortgage guarantee). New works credit 150K+ MAD (5.2-6%, 10 years max). Combination possible: 30% personal contribution + 70% credit. Credit mandatorily released in several tranches (foundation 30%, main works 40%, finishing 30%).

Numeric example

Floor extension 60 m² (2 bedrooms + bathroom): 350,000 MAD. Mortgage amendment 250K MAD over 15 years at 5%: monthly 1,975 MAD. Personal contribution 100K MAD. Work duration 6-9 months (penalties if exceeded). Estimated property added value: +450,000 MAD (30% ROI).

Practical tips

  • Architect mandatory if surface > 150 m² (Morocco building law)
  • Building permit: 2-6 month delay per municipality
  • Verify land occupancy ratio (COS) of your neighborhood
  • Craftsman decennial guarantee mandatory (hidden defects)
  • Land title update after works (fees 1-2%)

Legal obligations

Building permit MANDATORY (any extension modifying building surface or silhouette). Condominium declaration (if building). Certified architect if > 150 m². Respect PAU (Urban Planning Plan) of municipality. Land title update post-works.

Recommended banks

Official partnerCIH Bank

Simulate your works credit

Our simulator calculates your monthly payment per budget and duration, and compares bank offers.

Also available

WafasalafAttijariwafa Bank

Other projects