Two Considerations before Building an Additional Room for Your Home

Posted By on March 3, 2015

If you are considering adding another room to your home, there are a few things to consider before you make your decision. In fact, there are two considerations that will have a long-term effect on your personal finances.

The appreciation on your home
If you build an additional room to your home, the worth of your home will go up. The problem is in determining how much it will go up. It is possible to spend too much money on an addition because the cost will not be seen in the total value of your home. The other homes in your neighborhood will have a median value, and if you go too far beyond this price, people will be hesitant to pay it.

There is nothing wrong with having the most expensive home in your neighborhood, but you don’t want to price yourself out of the market. When this happens, you will be forced to sell it far below your asking price.

Do you have enough land?
Some people have enough land to build on the backyard property, while others will expand to the front yard. A front yard expansion can change to curb appeal, and make it more difficult to sell.

You need to know home much your addition will cost, and the best place to get low cost estimates is from the Internet. One example is Web.com. You can get home addition estimates from several contractors at once.

About the author

Comments

Leave a Reply