Home addition is the best way to expand your living space as well as increase the value of your property. However, it is a project that cannot be planned overnight. You need to assess several different factors when it comes to home addition. You most importantly need to consider local laws and regulations, and if you actually can do it yourself. A majority of residents have big projects, as a result they prefer taking help from professional agencies for getting the job done.
Planning for Home Addition
The main aspect that we need to consider when planning for home improvement, renovation, or home addition is the cost involved. Proper planning and estimation will always pay off, with you getting the best improvement done at a very affordable price. If it is a small project which you want to do it yourself, you would certainly save on labor costs that are otherwise to be paid to professional workers.
Average Home Addition Costs
What additions you are considering is the main determinant for the cost of your home additions, be it your bedroom, bathroom, kitchen, living room, or a new story altogether. If you have enough floor space already, then adding a bathroom as a Do-It-Yourself (DIY) project may cost you from $500 to $1,500, or even go up to $2,000 to $4,000 if you’re considering a contemporary bathroom with advanced utilities. If a contractor adds new space to the existing floor, the costs may range from $25,000 to $50,000 for basic bathrooms and $40,000 to $80,000 for modernized ones.
In order to use the existing space to make a new bedroom, the costs for a DIY project may range from $200 to $5,000. You may have to shell out approximately $7,500 to $50,000 for a contractor to do the same work. If the project involves adding new floor space for a 10×15-foot basic bedroom, DIY work may cost you around $3,700 to $7,500; whereas $7,500 to $22,500 for the work done by professionals. Making a living room on already available floor space can cost you from $200 to $5,000, if you do the task yourself. The same project, if done by a contractor, may cost you about $7,500 to $25,000.
In order to get flooring space added to a 400-square-foot living room, you will have to spend around $10,000 to $20,000 for a project done all by yourself. The contractors may quote somewhere between $30,000 and $100,000 for the same home addition. When it comes to adding a story, it is strongly recommended to take professional help. And for getting such a project done by a contractor, you may have to pay a substantial amount ranging from $225,000 to $450,000. Generally, contractors determine prices according to the square feet that is to be worked upon.
The bottom line is that the bigger and more complicated the project is, more will be the costs. To get the best and affordable home addition costs, check out the quotations given by a few good contractors in your neighborhood and compare the quotations with each other. You will also need to keep in mind the county and local laws regarding home additions.
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