Maximize Your Home Addition Budget
Home addition cost varies. The price per square foot will largely depend on the size and type of home addition. Adding a sunroom is definitely different from adding a bathroom. The sunroom does not entail plumbing and HVAC whereas the bathroom does. Home addition is a great way to increase the value of your home. However, most homeowners go for home addition in answer for a pressing space problem.
Before you contact a contractor, make sure that you and your family have agreed on the type of home addition that you need. A home addition is a big project so you have to discuss the budget and options for financing the project with your family. Make the budget realistic. Research on current prices of home addition cost from reliable sources. When you do use the internet for your research, note that estimates might be a little different from one website to another. The rates in Alaska will be different from Minneapolis, MN as there are a lot of factors to consider – weather and climate and the city's economic status.
Doing a large-scale home addition might seem to be the right move to increase the value of your home but it is not. Smaller home additions and improvements usually have a better return of investments value. An addition that could increase the value of your home way above your neighborhood's average range can hurt a real estate agent's profit when it is time to sell. You could consult with a property appraiser to have your property assessed with and without the home addition.
There are other ways to maximize your home addition cost. If your home addition is a simple affair, then do away with the services of an architect. Meet up with a project manager so you can discuss the scope of work. Meet up with a qualified and referred contractor and ask him to view the house and the space for the proposed room addition. Dealing directly with a contractor or home designer without conferring with an architect is one way of maximizing your home addition cost as there would be no need to pay his professional fee. However, if the home addition entails second floor additions then hire an architect as your safety is more important that saving on home addition cost.
If there is demolition to be done, why not do it yourself? The cost of labor will be deducted from the total quote and that is savings on your part. Note that you should only consider this if you know how to go about it. If you have no experience in demolition, stop right there as you might hit existing utility lines and structural posts resulting to added home addition cost.
If you have the time and the expertise why not be your own project manager? You will be able to deal with the subcontractors: carpenters, plumbers, electricians, masons and more, so that there would be not more need to pay extra for a project manager.
You can choose to use cheaper but nonetheless durable materials for the home addition. There is no need to go overboard with the materials. If you live in the greater Saint Paul, MN there are a lot of qualified contractors that can help you maximize your home addition cost.
Before you contact a contractor, make sure that you and your family have agreed on the type of home addition that you need. A home addition is a big project so you have to discuss the budget and options for financing the project with your family. Make the budget realistic. Research on current prices of home addition cost from reliable sources. When you do use the internet for your research, note that estimates might be a little different from one website to another. The rates in Alaska will be different from Minneapolis, MN as there are a lot of factors to consider – weather and climate and the city's economic status.
Doing a large-scale home addition might seem to be the right move to increase the value of your home but it is not. Smaller home additions and improvements usually have a better return of investments value. An addition that could increase the value of your home way above your neighborhood's average range can hurt a real estate agent's profit when it is time to sell. You could consult with a property appraiser to have your property assessed with and without the home addition.
There are other ways to maximize your home addition cost. If your home addition is a simple affair, then do away with the services of an architect. Meet up with a project manager so you can discuss the scope of work. Meet up with a qualified and referred contractor and ask him to view the house and the space for the proposed room addition. Dealing directly with a contractor or home designer without conferring with an architect is one way of maximizing your home addition cost as there would be no need to pay his professional fee. However, if the home addition entails second floor additions then hire an architect as your safety is more important that saving on home addition cost.
If there is demolition to be done, why not do it yourself? The cost of labor will be deducted from the total quote and that is savings on your part. Note that you should only consider this if you know how to go about it. If you have no experience in demolition, stop right there as you might hit existing utility lines and structural posts resulting to added home addition cost.
If you have the time and the expertise why not be your own project manager? You will be able to deal with the subcontractors: carpenters, plumbers, electricians, masons and more, so that there would be not more need to pay extra for a project manager.
You can choose to use cheaper but nonetheless durable materials for the home addition. There is no need to go overboard with the materials. If you live in the greater Saint Paul, MN there are a lot of qualified contractors that can help you maximize your home addition cost.
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