Home additions can add valuable space to your home that will increase its worth on the market. Whether you’re planning to do more with a room and need to be added space or you need a new room to accommodate new additions to the family, adding onto your home will be a project that requires both time and money. Some important considerations when building a home addition must be taken into account before digging into a project.
Cost and Financing
As with any home improvement project, financing options will be important to research when deciding how to fund your home additions. Paying out of pocket is the ideal, but oftentimes, is not feasible. Many homeowners will need to take out a loan to fund their project, though the type of loan will depend on the current state of the homeowner’s financial health. Consider the cost of paying off a new loan and covering any additional costs that come along with it.
Time and Planning
Talking to a contractor will help you to get a rough estimate of the amount of time an addition will take to complete. The size and the complexity of your project will add to the time it will take and the amount of disruption to your daily life it will cause. You will have to prepare your family for the inconveniences and prepare your house for the construction so that no personal items are damaged or lost.
Depending on your community and the size of your project, you may have to get permits and approval to make changes to your house. Check zoning requirements for home additions through your local zoning department to make sure you have permission to build the addition onto your home. Have your contractor inspect the construction site and also check with your community’s homeowner’s association if you have one.
It’s important to consider preliminary factors like these before beginning your project. By thinking ahead and taking in all the aspects of your project and your current situation, you will be able to plan out a more successful project with your contractor.