A home addition can be a great way to add space to your home, but you should consider the costs of the project before you begin. If you’re a young family on a budget, you may be tempted to skip a home addition altogether. But older families may regret not investing in a larger home addition. You may not want to take on a second mortgage for an addition, especially if you’re planning to retire soon.
Home additions come in many different types and can be customized to fit the homeowner’s needs. They can range from simple, low-cost attic and basement expansions to complex full-size conventional additions requiring extensive excavation and additional roofing and siding. Other types of home additions include garage conversions and detached accessory dwelling units.
Whether you want to add a garage or a family room, a home addition can solve the space problem you’ve been facing for years. When you’re deciding on what kind of addition you’d like to add, talk to contractors to understand the various costs. Several estimates will help you select a contractor who can bring your vision to life.
If you’re planning a large-scale home addition, it’s important to have an architect. These professionals will make recommendations on the structure and layout of the addition, and they’ll ensure that the project meets building code and structural requirements. For smaller projects, such as a bump-out or single room addition, you can work with a general contractor to update your blueprints and meet local zoning codes.
Home additions can also raise your home’s resale value. Although you’re unlikely to see a profit from a home addition, it will bring your home up to the standards of the neighborhood, and it will help you refinance your mortgage or apply for a home equity loan. If you plan to sell your house soon, it’s best to keep in mind that major home additions will cost more than you expect.
A home addition can cost between $20,000 and $75,000, depending on the size and type of addition. The process can take weeks or months, and you’ll likely have to relocate during construction. Fortunately, there are ways to reduce these costs without sacrificing the quality of the design. Just remember that the larger the addition, the higher the costs.
Home additions can also help you create more space for your family. It can be a great way to make more room for children, or provide a private bathroom for visitors. If you’re planning on building a home addition, you can take advantage of Discover Personal Loans to help you finance the project. If you don’t have the extra funds to pay for your project, you can apply online and be approved the next day.
Adding windows and doors to a home addition will raise its cost. The average window installation will cost $235, but custom-made windows can cost as much as $2,500 or more. Doors can also add to the cost of the addition, and the cost of installing them depends on the type of door you choose. For instance, an interior door with hollow walls will cost a lot less than an exterior door with heavy frames and moldings.
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