411homerepair.com

Latest Articles

How to Improve Your Home Comfort with HVAC

Everyone wants a comfortable home because it provides us security, identity, privacy, control and belonging. But most of all, a home is a place we...

on Nov 26, 2021

5 Ways Hiring a Plumbing Service Can Benefit You

Living in a home with your loving family is one of the best things you can experience in your life. But as you live, your home will need...

on Nov 26, 2021

How to Know Good Roofing Companies

Everyone needs a roof over their head and roofing companies are at the heart of making this happen. Many of these companies have set up shop all...

on Nov 24, 2021

What Size of Best Sump Pump Should You Buy for Your Basement?

Pick a rainy day to try this experiment. Take your current sump pump and run it until the water level recedes to shut off level. Unplug the pump...

on Nov 16, 2021

What you Need to Know About Building a Home

A custom home can be a dream come true. It is your chance to design the perfect house for your family, complete with all the amenities and features...

on Nov 9, 2021

Should I Add-On to My Existing Home or Buy a New One?

by Guest on Jun 7, 2016

As families grow, space becomes more important in a lot of situations.  The most common response by a homeowner would be to consider putting in addition to your house if space allows.  Some communities don’t allow for additions, while others may be too space-constrained to do an addition.  In some cases we see homeowners adding a separate structure, such as a garage apartment, for example. 

According to Home Advisor, remodel costs are about $40k per room, with a range of $21k-$62k, so the costs of remaining in place and just adding space are worth giving lots of consideration to. 

The question of whether to build additional square footage is a decision not based just on economics.  If it were, the home addition almost always makes sense.  Adding square footage to a house will almost always increase its market value. If you are in a community where the going rate is $250 per square foot, and you can build for half that or close, it may be a good investment. The key, however, is to not price your home out of the neighborhood price range.  For example, if everything in your neighborhood is 2,500 square feet or less, and you build an additional 1,500 square feet, don’t expect to command the neighborhood’s price per square foot for all of that.  Additional space has value, just not at the same rate as the base house. 

Other considerations include moving expenses, whether you like your current location, and what else is even on the market.  In a tight supply market, as we find ourselves now, there may be few desirable homes that appeal to you as a homeowner.  There are also tremendous costs associated with selling your current home and buying a new one, all costs that are close to zero if you decide to stay put and just add more space. 

Finally, the community you live in can make a big difference.  In a lot of places, there are just no other options to stay in a desired community/neighborhood other than increasing your current home and staying in place.  A lot of communities and localities have specific zoning requirements so be sure to double-check those before you go too far down the path of staying put versus moving.  You may not be able to build that add-on at any cost if local laws prohibit your plans. 

In closing, there are numerous considerations when you outgrow your current house.  The fact is, it is often due to the growth of your family size, which means the other stresses of pregnancy.  A baby is not going to be too selective, so as Nichols puts it, “if in doubt, just wait it out and weigh everything after the new child, when everyone has a clear head.”

Most Recent Articles

Sponsored Articles

Random Articles

Difficult Climates Make Waterproofing Your Basement Even More Important

Descending the creaking stairs into the dark abyss, you can feel yourself becoming tense and fraught with fear. The dank, musty air permeates the...

Plumbing / Basements

How to Repair Your Driveway

Asphalt and concrete driveways are subject to wear and tear over time. Nature gradually damages the paving, and this will lead to potholes or...

Doors / Garages

Easy Renovations That Can Improve Your Living Space

Becoming a homeowner is a point of pride in most people's lives, and you naturally want your living space to be a place of comfort and enjoyment...

Improvements / Remodeling

6 Warning Signs Your Home has Electrical Problems You Need to Fix

It’s easy to overlook electrical issues in the house when you do not know what to look for. However, it is crucial that you know what these signs...

Roofing / Gutters

Why You Should Have Your HVAC System Cleaned After a Renovation

Handling a home renovation project is an overwhelming and exciting process that leaves your home with a brand new look. From a modern kitchen to an...

HVAC / Air Conditioning

Actions

Contact Us | Submit Article | 411homerepair © 2021