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