Have you often dreamt of building another room onto your home? If you plan to stay in your house for the long-term, you might consider making that home addition you so often fantasize about.
A home addition is an exciting prospect for a growing family or anyone who enjoys getting dirty with projects around the house. However, it is a big decision and one that should be given careful consideration before beginning. If you’re not sure whether you should add another room or space to your home, here are a few questions to help you find the right decision for your family.
Will This Add Value To My Home?
Even if you currently have no plans to sell your home, it is a smart idea to consider what kind of added value an addition will bring to future home appraisals. The types of additions with the biggest appraisal returns are two-story additions (family room downstairs, master suite upstairs), master suite additions, bathroom additions, and sunroom additions. Another important factor to consider is whether your addition is an amenity that is highly sought-after in your neighborhood or region. Talking to a realtor can help you determine how much value an addition will add.
Am I At Risk Of Violating Zoning Restrictions?
Most areas have restrictions on what you can build. This can have a tremendous impact on home additions. Restrictions could apply even in residential areas or on your own property. You could be restricted to how close you are allowed to get to the property lines at the front, back, and either side as well as the height of a structure. Many addition projects are often grounded before they are started due to local zoning restrictions.
Will It Fit The Flow Of My Home?
A home addition is a brand new room or extension of an existing house and it takes a lot of hard work to make it look like it belongs. This can involve architectural aspects such as connecting the roofline of the house, technical features like heating and cooling, and overall aesthetics like complimenting the overall style of the house through interior and exterior finish. Many people will need to get advice from and hire an architect or designer for these purposes as this expertise is beyond the knowledge of general contractors.
What Will It Cost?
Although each person’s needs are different and cost is highly dependent on region, average guidelines show that home addition projects could cost $100-$200+ per square foot. There are long-term expenses to consider as well when increasing the size of a home. Higher energy bills such as heating and cooling are added continued financial considerations; there is also the potential for increased property taxes due to added square footage.
Adding onto your home is an exciting prospect, but one that you should give careful consideration before starting. Sometimes, you will be better off with a home remodel or renovation. Before you begin, consider if your home addition will add value to your home and enrich your life for years to come.
Have you added an addition to your home? What challenges did you face? Would you do it again? Tell us all about it in the comments below!
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