A brand new home addition can be an excellent option for homeowners who’re looking to add a bit of space and functionality to their living space—particularly for those who don’t plan on relocating any time soon.
However, since a new home addition is a significant investment, it’s best to have a plan in place before you get the hammer swinging. Consider working with an experienced local residential remodeling contractor to ensure you’ve got everything figured out.
Here are some pro tips that can help make your project a success:
Think About Why You Need the Addition
Why exactly do you need to add a room? Do you need additional space where you can entertain your guests? Do you need extra room for a new family member? Do you need a home office?
Once you’ve figured out what you’re trying to actualize, the next step is assessing the possibility of reconfiguring the space that’s currently available instead. Sometimes, what you’re trying to achieve with a new home addition can be easily accomplished by renovating your existing space—and residential renovation is generally more affordable than new residential construction.
Moreover, another important thing to consider is, will the new addition add value to your home? Even if you’re planning to stay put for the foreseeable future, there’s no harm in evaluating the new addition’s resale value.
Set a Budget
Before you engage a contractor for the job, crunch some numbers together, and set a budget. Decide how you’ll be financing the project. Will you refinance your mortgage, dip into your savings, or opt for a home equity loan?
Then, there are the non-construction expenses that are associated with increasing your home’s square footage. Make sure you consider the higher homeowners’ insurance premiums, additional heating and cooling costs, and the higher property taxes you’ll have to pay.
Do Your Research
To ensure that your project goes smoothly in terms of passing inspections and obtaining the relevant building permits, double-check your mortgage paperwork and familiarize yourself with the rights of way and property lines.
In addition, learn about the local zoning ordinances, so you have an understanding of the impermeable surface requirements, height limits, and other restrictions.
One of Ottawa’s premier residential remodeling contractors, D.W. Inc. has helped hundreds of homeowners turn the vision of their dream home into a reality. If you require professional assistance with your home renovation or remodeling project, get in touch with us today.