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All Magento editions come with different sets of out-of-the-box features. However, depending on your business-specific requirements, you might want to add more features and functionalities to your store. Extensions are there to customize your online shop and extend its functionalities for the customers.
There are two ways to find and install extensions in your Magento store: 1) you can purchase them on the official Magento Marketplace after checking their compatibility with your store; 2) you can develop a custom solution with a particular vendor and tailor it to your unique store needs.
It depends on the vendor you’re working with. Magento partners and certified developers always ensure an extension is compatible with your store (for the ones downloaded from the Marketplace) and follow best programming practices (for custom-made extensions). Your store will not have any speed or performance issues if you’re working with experienced Magento development agencies.