Before you jump into this project, there are some things you need to consider to make sure it is the right time to add a room.
Room additions are a popular type of residential remodeling project for growing families. Many families who cannot afford a move or do not wish to move will add rooms to their homes to give themselves the additional space they need.
Before adding a room, consider the effect it will have on the value of your home. Room additions do not always add the value homeowners think they will. To determine whether or not a room addition is a good idea, look at the other houses in your neighborhood. How do they compare to yours? If they are all the same size as yours and you add a room, you might make your home too valuable for the area. You also do not want to do anything that will make your home look unique compared to the other homes nearby.
Future buyers will not want to invest in something that stands out because of an unsightly addition. However, if your home is smaller than the others on the street and you can make an addition without changing the aesthetics, then it can be a good idea. A real estate agent or an appraiser can help you determine what impact an addition would have on your home's value.
A second consideration is your need for space. A room addition is a major residential remodeling project. You are, in effect, building a tiny house adjacent to your existing property, and it will need a house needs, including:
- A foundation
- A roof
Before you commit to such a large residential remodeling project, make sure you truly need the additional space. If you simply need another bedroom to accommodate your growing family, you may be better served by finishing a basement or attic space, which already has some structure in place. If that is not an option and you really need additional space, then consider getting quotes for room additions.
Finally, consider the cost. Can you afford the financial outlay that adding a room entails? When considering the cost, you will want to request quotes in terms of cost per square foot. When gathering quotes, make sure you get an itemized list from the contractors of what is included, so you can compare the costs accurately. The actual cost is going to vary depending on several factors, including:
- Geographic area
- The type of addition
- The materials
- Labor rates
A full room extension can cost between $80 and $130, plus the cost to design the addition and wire the room.
In some instances, adding a room makes the most sense for growing families, but it is important for homeowners to remember that room additions are not simple or even affordable projects. Only take it on if you are certain it is the right move for your family and your home's value. If you do, QualitySmith can help you find the right companies to do the job well.