If you have elderly relatives moving into your home, or if your family has recently grown, it may be too small to accommodate everyone comfortably. When this happens, most homeowners decide to sell their homes and purchase larger ones. This may not always be the best course of action — building an addition onto your existing home to increase its livable area is often the better choice. A home addition can be customized to meet your needs for living space, and you'll also be able to design and decorate it however you like. Below, you'll find three reasons why it may be better to build an addition to your current home rather than selling it and moving.
1. You'll Increase the Value of Your Home
Building an addition to your home increases its livable square footage, which almost always increases its value. While it's unusual for an addition to increase the value of a home by the full cost of building it, it will have a significant positive impact. The impact is greater if your home is on the smaller side for the neighborhood you're living in, as it puts your home more in line with your neighbors.
By building an addition, you're helping to increase the value of your financial assets. Moving, on the other hand, can often be a money sink. Selling and buying a home requires paying fees to a real estate agent, which doesn't add to the value of your assets at all. You'll also most likely have to pay for moving services in order to transition from your current home to a new one. Because of this, building an addition to your home instead of moving often makes the most financial sense.
2. You'll Avoid the Hassle of Moving
Moving into a new home is a headache for many people. You'll need to get used to a new neighborhood, your children might have to transfer schools, and you'll have to go through the entire process of moving your belongings from your current home to the next. One of the benefits of building an addition on your current home is that you'll increase your usable space without having to move. If you're satisfied with the neighborhood that you currently live in, it might be best to stay, instead of taking your chances by moving into a new one.
3. You Can Design the Addition to Meet Your Needs
Finally, you have the ability to customize the addition that you build onto your home, enabling it to make sure that it meets your needs. If you need an extra bedroom or bathroom in your home due to the fact that your family is growing, you can simply include them in the addition. When you're buying a home, you're limited to what's available on the market. If nothing on the market fits your needs, you'll be forced to make compromises. Building an addition onto your home gives you more flexibility.
Overall, building an addition onto your home is an excellent way to increase its value while also making your home more livable. If your home is too small, whether it's due to relatives moving in or your family growing, consider building an addition onto it instead of moving. To get an idea of what can be done, contact a residential construction service in your area and ask how much square footage you'll be able to add — the architects and engineers that they employ will examine the structure of your home and tell you how big of an addition is possible.
For more information, contact a local residential construction service, like finesse contracting.
Hi, I'm Lenora. One of my favorite things is traveling. And when I travel, I especially love to see the various architecture around the world. Ever since I built a house (well, you know, hired a contractor to help me design it and then build it for me), I have been fascinated with the construction process. I love looking at international architecture like Saint Basil's Cathedral in Russia or Angkor Wat in Cambodia. How were they made? It is just so interesting to me, from the foundation's support to all the intricate details such as paving or roofing. I started this blog to talk about all the parts of construction. I hope you enjoy it!