Should You Put An Addition On Your Home?

Remodeling or putting an addition on your home is a big undertaking that’s an investment of a lot of time and money, so it’s something you should consider carefully before making any decisions. It can be very exciting to put an addition on your home since it not only expands and improves your living space, but also adds value to it from an investment perspective. Both things should be kept in mind as you make a decision since you’ll be creating a new space that you hope to get plenty of use out of, and if you have plans to sell at some point, you want to make sure that the cost doesn’t outweigh the benefits.

You Control the Space

One of the best and most exciting aspects of putting an addition on your home is that you are fully in control of the new space and what it will look like. You can dictate exactly what the space will look like and have it built to your precise specifications to meet your needs, whether it’s a mother-in-law unit for additional living space, or a game room to expand your entertainment space. Whatever the case, the thrill of adding onto a home is that you are creating something that you’ve always wanted as a part of your home, putting you a little closer to your ideal living space.

It Generally Adds Value

One thing that makes an addition enticing is that it not only improves your living space in the short term, but typically adds value in the long term. If you have any notion of selling at some point down the line, an addition can be a good way to boost your property’s value. However, you should keep in mind that the real estate market can be unpredictable at times and there’s certainly no guarantee that your investment will reap rewards in the future. It is generally a safe bet, but it’s not one that you should absolutely bank on if that’s your primary motivation for making an addition.

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Less Space On Your Property

Another thing to keep in mind is that adding on to the footprint of your home means that you will have less space outside of it. If you live in an area that doesn’t offer a lot of yard space, you may want to think twice before decreasing what you already have. There are also zoning restrictions in some areas that may legally prevent certain types of additions so you need to make sure you’re not in violation of any local codes before moving forward with plans.

Consider Living Conditions

Additions take some time to complete, and you’ll have construction going on in your home while they’re underway. If you plan on staying in your house while the addition is being completed, you’ll have to be comfortable with the extra noise, foot traffic, dust, and dirt that come along with it. If having your day-to-day life and routine disrupted for a little while will be a problem for you or your family, you’ll definitely want to consider how much and how long of a challenge that may be.