Home additions are certainly a big investment, but they can really pay off in the end. Whether you plan on living in your house for a lifetime or if your goal is to increase the resale value of your home, a home addition is a fantastic way to add both functional living space and value to your property.
Today, it’s easier for homeowners to tackle those much sought after home additions, but that doesn’t mean it’s a simple project. There are several things that must be considered before work begins on a home addition including the budget, the land, and the design.
The home addition budget can easily become one of your most flexible factors, however it’s important to stick to your budget so you don’t end up spending more than you anticipated. Depending on your situation, you may have a large amount of disposable income to throw into a project, or maybe your spending money is a little tighter. The good news is that even with a modest budget, you can increase your home’s value with some creativity. A kitchen or bathroom upgrade can both dramatically increase a home’s appeal without having to break your budget. Alternatively, a more extensive home addition such as adding an extra bedroom, increasing the space in the living room or extending the master bedroom can be stunning and yield considerable returns.
As far as land is concerned you want to first ask yourself how much of the yard your construction project is going to eat up. You’ll have to decide whether you or a prospective buyer will be happier with the added living space and less land. If that’s not the case, adding a few square feet to the den and sacrificing a bit of the back porch might be a more attractive option than adding an entire new room that would take up more of your yard.
Nothing looks worse than a sleek new addition slapped haphazardly onto a dated exterior. This screams “amateur,” and even a fantastic new room won’t look appealing when the rest of the house doesn’t match. In this case, if you are adding on to a 1970s house, you might want to leave room in your budget for some cosmetic work that can modernize the home’s design and seamlessly integrate the addition.
Even with a small project, your return on investment can be exponential if you plan and budget wisely and consider the effect that your planned remodel will have on the entire property. To get started give us a call at RJ Wright Design Build. Our professionals are happy to answer any and all of your questions so that you can walk away with the addition of your dreams. Call or click here for pricing information.