So, you need more space in your home for your family. What should you do? You could move to a different home or put a home addition on your house.
A home addition provides more space for your family without moving, and completing the project might significantly increase your home's value. It will require making some vital decisions, though, including the following:
How to finance the project
A home addition is a costly project, especially when lumber prices increase. Therefore, your first step is finding a way to finance the project. You can use cash in the bank, a home equity loan, or a personal loan. There might be other choices, too, and a home remodeling contractor might offer some ideas if you ask.
Hire a contractor vs. DIY
Your next big decision is how to complete the work, and you have two main options. First, you can do it yourself. A DIY project is a great option for saving money, but it also has some drawbacks. Doing the work yourself might result in a longer project. If you don't want to spend months working on this project, you could consider option two.
Option two is hiring a home addition contractor to do the work. You'll pay more for this option, but your project will take less time and might turn out better.
What space to add
An addition provides extra space, and you can choose the type of space. For example, you might want a new kitchen, more bathrooms, or a big living room.
Where to put the addition
A major decision is where to add the extra space. What part of your home offers a good location for it? You might need to evaluate the location of your septic system, well, and other underground systems before selecting the location. You might have limits with where you can add the space. A contractor can assist with analyzing your home and yard to find the best location.
The value of your home after the addition
Another step is to determine the value of your home after adding the space. You can expect your home value to rise, but you might wonder how much it will increase.
Choose a contractor
You can put a home addition on yourself. However, doing so will take more time and result in more inconvenience. The better route is to hire a contractor that offers custom home addition services.
