Adding an addition to your home is one of the most popular home renovations for homeowners who need more space. It can be a cost-effective way to expand your home without moving, or it can provide you with the kind of room you’ve always wanted.
But before you take the plunge, there are a few things to consider. First, decide why you want a home addition and what you expect it to do for your family’s lifestyle. Then, choose a contractor who can execute the project in an efficient manner and help you meet your budget.
A master-suite addition is one of the best ways to boost your home’s resale value. This is because a master-suite addition typically returns a higher percentage of its construction costs than a bathroom, sunroom or bedroom addition does, according to Remodeling magazine.
Before starting the home addition process, you should consult a home appraiser and realtor. They will be able to offer insights about your neighborhood and how the addition will affect property values. They can also help you determine the return on investment and the construction costs that go into an addition, says Nebraska appraiser John Bredemeyer of the Appraisal Institute, a standards-setting organization.
You may also want to talk with a real estate agent before beginning the project, as they can offer insights about how your new home additions will impact your neighborhood’s values. They can also help you determine the size and number of rooms that make sense for your house.
Garage Conversions
Depending on your needs, you may be able to convert an existing garage into a living area for your family. You can add walls, flooring, ceiling, and other features to turn your garage into the living space you need.
It is also important to check if your local building codes and zoning ordinances will allow you to build the addition you want. This can be tricky, so you may need to hire a professional home improvement contractor who knows the ins and outs of local laws.
A good contractor will be able to tell you if you’re meeting any legal requirements and can give you advice on how to do the project safely. You can also learn about your local zoning and building code by doing research online.
Do You Need to Rent While You Are Adding a Room?
If you plan to rent while the addition is being built, it’s best to work with a company that has experience with home rentals. They will know how to handle the paperwork and will be able to recommend tenants who will respect your property.
Whether you’re a do-it-yourselfer or hiring a contractor, it is always a good idea to set a contingency budget of 15% to 20% of your project’s estimated costs. It is normal for construction to take longer and cost more than expected.
When you are ready to begin the project, start by gathering all of the necessary materials and supplies. This will save you time and money.
