The average cost for a home addition runs anywhere from $20,000 to $60,000. If you’re investing such a large amount in your home, it makes sense to consider every detail carefully, so you’re satisfied with the outcome. By following a simple set of guidelines for planning a home addition, you can cover all of the possible details and be happy with the end result.
Define the function of the addition.
Think carefully about your goal for the addition. For example, most homeowners want to add space or to create a room for a particular purpose. Consider whether you want to add a full or half bath, and the features it should include.
Design your addition to the last detail.
Brainstorm design ideas that satisfy your addition’s purpose. Consult with your contractor about the best place to add the addition. You must decide what shape and dimensions are appropriate for your new space. The correct placement of electrical outlets is essential to helping the room meet your needs.
Another aspect to think about is the room’s materials. Think about every component, such as the flooring, counter tops, windows, paint colors, and molding. Utilizing swatches and samples helps you get a better idea of how different materials look together.
When planning, also consider the demolition. Decide whether you want to reuse or save certain items, such as windows, woodwork, hardware, and doors. Keeping these components for reuse saves resources, but it makes the project more time consuming.
Determine how to pay for your addition.
Now that you have a clear picture of your new addition get an estimate from your contractor. Handling the financial portion of planning a home addition guarantees that you can pay for the addition.
Possible ways to finance your home addition include a home equity line of credit, credit card, cash savings, or personal loan.
Compare the terms of your credit options so you know which has the most competitive terms.
Using your cash prevents you from having to pay interest, but it may deplete your emergency fund.
Get ready for the project.
Prepare your home for the construction. Remove items from the portion of your home where demolition will occur. Make sure to understand your contractor’s project timeline in addition to payment expectations.
Adding an addition to your home is a major renovation that requires research and preparation. By using this set of guidelines for planning a home addition, you can confidently make decisions, so your addition completely satisfies your vision.
Have questions about a room addition or home remodel. Please contact us we are happy to answer your questions.