When trying to add value and function to your property, home additions can be a highly attractive option. After all, a master suite addition yields a 63% return on investment, while adding a lovely sunroom addition can offer a 49% ROI. That said, not every addition renovation turns out the way the homeowner envisions. To avoid that scenario, you’ll want to steer clear of the following mistakes when taking on home additions.
MISTAKE: Trying to DIY
It may be tempting to save money on home remodeling projects by forgoing professional help. However, the savings you experience will probably be completely canceled out by the time you’ll waste and the corrections you’ll have to make later on. Even if you’re experienced in the home improvement sector, you may be way in over your head if you’re suddenly faced with hiring subcontractors and fixing issues that may arise. Ultimately, going the DIY route isn’t worth it for a project of this scope. There are other ways you may be able to cut costs, even with help from a professional.
MISTAKE: Failing to Communicate Your Budget
As with any home improvement project, you will need to determine a budget — and communicate it to everyone involved. Otherwise, you could end up drastically overspending during the design phase of the process and not realize the problem until much later. Keep in mind that the costs of construction and installation will be added on top of the costs of the design features themselves. Make sure that your team knows the total budget you’re working with. If you’re looking to keep costs low in certain areas, everyone should be aware of those needs. Underestimating how much your addition will cost can put a real damper on your plans.
MISTAKE: Not Having a Cohesive Plan
Home additions add on a good amount of extra usable space, which is a huge perk. However, the goal of any good addition is to make it look as if it always existed. In other words, it should blend in seamlessly with the original structure. An addition that sticks out like a sore thumb may not be quite as valuable as you’d think. You’ll want to ensure that your addition renovation is designed with your existing property in mind and that everything feels consistent. Your addition should feel impressive, rather than jarring.
When done correctly, addition renovations can make your home even better than it already was, allowing you to stay put for years or list your property for top dollar. For more information on how we can bring more value to your house, please contact us today.
