Cost Breakdown: Building Up and Building Out with a Home Addition
Before building up or out with a home addition, make sure the new meets the old with the help of a local contractor.
Have a home that lacks living space? There is no better strategy for adding square footage and value than a well-planned home addition. No matter if it's a spacious sunroom, a new bathroom, or a master suite, a new room opens your home up to exciting possibilities. Here's what you need to know to pull off a successful home addition.
Home Addition Plans
Adding a brand-new room, or an entirely new level to your home, is no quick or inexpensive project. To maximize square footage, you'll want to have a home addition plan in place. Many homeowners choose to kick off home addition planning by coming up with a list of goals they want to achieve and problems they want to solve. Once this home improvement list is in place, you can then consult with local contractors to determine realistic plans for your home, budget, and timeline.
Remember, a great addition starts with proper planning. The last thing any homeowner wants is a poorly planned addition that maxes out the budget and doesn't integrate with the rest of the home. To avoid home addition projects gone wrong, it's recommended that you work with a general contractor who can help plan and manage your addition process. This way, you can get the most out of the new space while also making sure the new and old areas of your home flow seamlessly in both design and function.
Planning and Zoning for a Home Addition
Don't forget! When planning a home addition project, you need to check out planning and zoning permits as well as any neighborhood association requirements. It's important to address these areas during the planning process so you don't find yourself in a fix by building too close to the property line or violating building height restrictions.
How Much Does a Home Addition Cost?
From start to finish, most homeowners spend between $21,035 and $64,665 on average for a new home addition. Rather than finding yourself in over your head mid-addition, you'll want to carefully examine costs and set a realistic budget.
There are plenty of elements that affect the final price of a home addition, but the size and type of addition are two big players when it comes to cost. If price per square foot is an area you're concerned about, remember that while overall costs increase the more you build, the price per square foot tends to decrease.
Home Addition Cost Breakdown
When looking at the list of home addition expenses, it's easy to get overwhelmed. You'll need to consider: demolition, site preparation, foundation, drywall, roofing, exterior treatments, flooring, lighting, plumbing, electricity, labor, and the list goes on. Keep in mind that new home additions are expansive projects that are best left in the hands of general contractors.
If this list seems overwhelming, or if adding on to your home is out of your budget, you're not completely out of luck. Finishing off basement and attic space is a cost-effective alternative to a home addition. These remodeling projects can help increase your livable square footage without the hassle of having to add a new structure.
Plumbing, Electrical, and HVAC Costs
Not only is it important for your addition to look like part of your home, but it should also feel like part of your home. This means you need to think about how temperature control, plumbing, and electricity will work with the rest of the house.
The most cost-effective way to handle plumbing, electrical, and HVAC for additions is often to run new lines from the ones that already exist in your home. Your general contractor can supervise this process. From finding qualified electricians and plumbers to managing permits, contractors can take the stress out of making sure your addition functions like the rest of your home.