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A Warning to Those Considering a Main Line Home Addition
Manage episode 156831437 series 1201954
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I have a word of warning I give to those who are thinking about building an addition.
With major construction projects on your home, you often run into major cost overrun. Lots of times you find yourself spending far more money than you thought you would on that addition.
The second thing to consider with an addition is the question of it adding value. Sometimes simply adding space doesn’t add value to your home. You might not get back every penny returned on that investment. In fact, in most cases, it doesn’t. Smaller and simpler repairs like painting and cleaning often bring back the best return.
The third thing I talk about with clients considering an addition is to consider your neighbors. Say you’re the first person on the block to bump up your garage and add a room above it - you might stand out in the wrong way and it won’t return the value.
Finally, consider if it would be more cost effective to move into a neighborhood with a bigger home rather than making your house the biggest on the block with an addition that’s hard to sell.
Have questions? Give me a call or send me an email and I’d be happy to speak with you.
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