Putting a room addition on your home is a great way to both increase the space, giving you the room that you need to grow, and also to increase the value of your home.
Building a room addition on your home can be complicated, though; it can be nearly as complicated as building a whole new home.
This means that it is vitally important to have an organized, experienced contractor to guide you through this process. Before you get started with the room addition construction, ask yourself these important questions.
What Kind of Budget Am I Working With?
The first thing you should ask yourself when you are planning a room addition is what budget you are working with.
Be realistic with that budget; you need to make sure that you are prepared for all of the costs associated with this project.
Your budget will be the determining factor for many of the choices that you make in regard to the room addition. The size of the room addition, the type of building materials that you use, and other factors all depend on your budget.
In addition, think about where you will get the funds to pay for your room addition. Will you take the funds out of your savings account?
Will you take out a home equity loan or line of credit? It is important to make sure that you have access to the funds that you need.
Where Are My Property Lines?
Before you begin putting on a room addition, you must know where your property lines and setbacks are located.
This is essential, because your addition cannot infringe on those property lines. Refer to your survey for more information, or contact the building inspector or zoning board for assistance.
How Does My Home Compare to Other Home Values in the Neighborhood?
Putting a room addition on your home will increase its value. However, you do want to exercise caution that you do not invest more into your home than you can reasonably expect to get out of it.
Each neighborhood has a type of ceiling on real estate values. Let’s say that the most expensive home in your neighborhood is valued at $350,000, and you purchased your home for $285,000.
If you were to spend $100,000 on a room addition, the odds are good that you would not be able to sell your home for $385,000 to cover your costs.
When you are planning your room addition, don’t go so large or so high-end that the property values in the area cannot support your investment.
Talk with your contractor and a local realtor to discuss what type of room addition would be most appropriate in order to both meet your needs and positively impact your property value.
Do I Have the Right Contractor?
Choosing the right contractor is vital to the process of putting on a room addition. You need a contractor who is experienced, knowledgeable, and skilled.
Your contractor also needs to be reliable and trustworthy. Choose a contractor who you feel comfortable with and who also demonstrates the ability to complete your project efficiently and with high quality.
We have the experience and skill to provide you with a finely crafted room addition, and we guarantee that your addition will be completed within the promised time frame.
Contact 5 Day Kitchen Remodels
to discuss your room addition today!