Many homeowners in the US often feel that they should add an additional bedroom or bathroom to their home. Reports indicate that the strong housing market conditions in the country have motivated millions of homeowners to invest in home addition and home improvement projects, especially during the summer.
It is true that the right kind of home addition can transform your home into a dream home. However, you will have to ask yourself a few questions before you move forward with the project, as that will help you avoid any potential downfalls in the future. Below are a few questions to consider before you proceed with a home addition project.
How Much Should I Spend?
The estimated average cost of adding a bedroom or bathroom to a house is approximately $40,942. However, it is a fact that the cost of home addition may significantly vary from one project to another, which is the reason why you should consult with experienced addition contractors to draft the plan.
Share your home addition ideas with them and they will give you an estimate on how much the whole project will cost. If you are not ready to spend that much for your home addition, you can opt out of the project before beginning it or modify the plans as needed.
Will the Home Addition Pay Me in the Long Run?
Most of the homeowners in America invest in a home addition or home improvement project to increase the comfort of living in their house. However, some people also plan a home addition to lure in more potential homebuyers to their home. This is because these days, many homebuyers look for homes with multiple bathrooms and bedrooms.
So in simple words, adding a room or two will not just make your home comfortable to live in, but will also help you acquire a better deal when you are selling the house.
Should I Worry About any Building Restrictions?
There are a few building restrictions you need to be aware of when you are planning a home addition. However, these restrictions will vary from one neighborhood to another, which means that you should reach out to experienced addition contractors, county offices, and local housing department officials to know more about the rules in your area.
You may also have to submit a home addition plan to the housing authorities and get an approval. As not having proper permits may bring upon serious charges for violation of laws, you need to get in touch with your addition contractor and get all the required permits and approvals before you start the project.
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