To Add On Or Not To Add On

Carolinas See Jump in Short Sales
June 12, 2013
Procrastination of Leaks Can Be Very Costly
June 21, 2013

To Add On Or Not To Add On

There are a variety of situations that may lead homeowners to consider adding an addition to their home.

For example:

  • Parents discover they are expecting their third child and worry about not having enough room in their three-bedroom house.
  • Space has become an issue. The living room is simultaneously serving as an office, a den and a playroom.
  • Two brothers decide they are simply too old to be sharing a room and persistently complain about it.
  • The possibility of having something like a glassed-in porch or home gym is too tempting to resist.

The idea of adding on to a home is very attractive to homeowners who are not crazy about the idea of having to move in order to make new space.

So what does a home addition entail? Is it worth the hassle?

Before homeowners make the decision to add-on, it is wise to uncover the answers to such questions.

hFirst of all, additions must be undertaken by professionals, therefore, the costs of labor should be a factor. Additions that will be added onto the second-story of a home may also require the consultation of an engineer, in addition to a construction worker, who can ensure the existing foundation is strong enough to hold a new level.

The cost of labor will depend on the experience of the contractor. It is always advised to get a variety of estimates before making the hire. Insurance for the cost of the contractor must also be factored into the cost of the job. Most cities require homeowners to purchase Workers’ Compensation Insurance after hiring a contractor.

Contractors and engineers can help with the decision between adding on to the foundation or to the second floor. Adding to the foundation is often times more expensive as it requires a substantial amount of digging. In most cases, an addition on the second floor may also save on the reconstruction costs and inconvenience of adjusting electrical wiring, plumbing and ducts. The process of hooking those apparatuses outward can be more challenging. It is also important to keep in mind that additions on the second floor may save on future heating bills since heats rises instead of expands.

An additional factor to consider between a ground level addition and a second story addition is the permit process. Homeowners are not permitted as build as they please, they must receive permission from their local government.

In order to obtain a permit, a homeowner must submit a plot plan of the property and have the construction process approved. Not only is a construction permit required for a home addition, a zoning permit may be required as well. Lots in designated areas often have predetermined square feet limits. Zoning regulations vary so it is important to check every level of government, including neighborhood associations to ensure adherence to all local zoning rules.

The ultimate cost of the entire project largely depends on how large the addition will be. Construction contractors generally charge per square foot. Some may charge as low as $50 per square foot, others could charge $200. Additional costs include the plumbing and electrical services that may be necessary and the fees for permits.

Of course building materials such as dry wall, paint or carpet will be added to the final bill. The total amount will likely be no less than $10,000 and could be as high as $25,000.

The good part is, adding on to homes dramatically increases the resale value of the property. It is also more affordable than purchasing a larger home.

If the cost and hassle is too much to swallow, homeowners always have the more affordable option of finishing their basement if it is not done already or sacrificing their garage space and refurbishing its interior.

Shelly Henderson
Shelly Henderson
Shelly calls herself a “Charlottean” because her family has been there since her elementary school days. She serves as Henderson Properties’ co-founder, along with her husband Phil, managing the day-to-day operations, social media branding and leadership development. Her different life experiences, both positive and challenging, earned the title to her first book Starting From Scratch. Shelly has a servant’s heart and leads her company with purpose and passion. She is mom to two sons who continue as young adults to make her heart swell.
How Can We Help You?
Find An Investment Property
Property Management Proposal
Buy or Sell Real Estate
Handyman & Renovation Services
X