Did you know? The average new house built in the United States is around 2,500 square feet. While considering how much space you need for your family can be challenging, the cost of these homes can be even more eye-opening. For instance, on average, a 2,500 square foot home with three bedrooms and two bathrooms will cost around $200,000 in the United States. That’s a lot of money to pay for just space.
Why do houses cost so much? One reason is that the price of land is prohibitive in areas where people want to live. Another reason is the cost of building materials, which are constantly increasing.
How can you get around these costs? One way is by buying a house that has less space. Homes selling for under $100,000 can be found in many areas and offer enough room for a family to live comfortably.
What if you want more space later on? It is possible to add garage space and living area to your home relatively low cost. Read on to explore how to save money when you want to add space to your house.
1. Determine the cost of garage space
You’ll need to know how much garage space you want and what types of products you will use to make it. This information will allow you to create a garage space budget. You can also contact vendors for quotes. And if your garage needs a repair only, go for a garage door repair company in your area that will install the door for you. Also, consider the cost of adding shelving and other storage units.
2. Find out how to cut costs
Hiring a contractor will not be the only cost you face. When hiring workers, get estimates for their hourly rates and how long it will take them to complete the job. You may also need to hire a building inspector and pay for permits or licenses. You can research your options to save money when you build an addition. Also, find out if you need to pay for specialized equipment or tools.
3. Find out what you need to get started
You will need to find out where the studs are. Some additions require new wiring or plumbing so you may need an electrician or plumber. You may also need new insulation in your walls and roofing for the expansion. Besides materials, you will need to hire experienced people for the job. However, you can take advantage of people currently doing construction work. For instance, if a roofer is working on your neighbor’s house, you may be able to get a good deal on the roofing material.
4. Increase the value of your home by adding an addition
You can increase the value of your home by over 50% with an addition. Consider how the expansion will look from the outside and inside your home. A well-built space that has been planned out can add a lot of value to your home. Remember, a haphazardly built area can decrease the value and desirability.
5. Consider the cost of addition as a financial investment
Building an addition to your home can be a way to save money if you want more space. The average increase in home prices because of addition is around 50%. The addition will also increase the overall square footage you have, allowing you to rent the extra space. Also, you can use the extra space for many different things. For example, if you consider adding a garage space to your home, consider using it as an office, craft room, or game room.
6. Watch out for hidden costs
Don’t forget to consider the cost of landscaping and adding new paint or flooring. You may also have to hire a plumber to move existing drains and electrical wiring to build the addition. Renting a dumpster can also help you speed up the job of emptying your space. Besides the money you spend, remember to include the time it will take to get your project done.
7. Be patient
If you are planning an addition, remember that the process takes time. You will need to wait for your contractor to get materials and find a suitable time when it is okay to close up parts of your home so that construction can be done. Additions are an investment that you need to plan for carefully. Also, choose a contractor that you feel comfortable working with. Of course, you should check their references to ensure they are reputable and know what they are doing.
8. Decide what you want before you start
It would help if you walked around your home and noted down what you wanted in the new space. For example, do you need storage for sports equipment or toys? Do you want a larger bathroom? A new pantry? Include everything and anything that will be included in the addition. However, you may also need to consider your budget.
9. Shop around for a contractor
It can be challenging to find reputable contractors. Still, you should consider those who have been in business for at least five years. Get recommendations from friends and family members. Your contractor will need to know how you want your addition designed and if any special permits are necessary during the construction process.
10. Schedule a consultation
You may schedule a consultation with your contractor and ask them about their experience. You can also get an idea of how much time it will take to build your addition. Your contractor should have experience building additions and help you get the best deal for your money.
11. Hire the right professional
Be sure to hire a contractor who has done this type of work before. Find out what permits you require to build an extra space in your area and include them in the price. You should also talk about who is responsible for taking down any trees or stumps, if the area needs to be excavated, and how much it will cost.
12. Stay on budget
Keep track of all costs involved with your addition and add up all the money you have spent when it is finished. If you go over budget, meet with your contractor and negotiate a better price. Ensure all the work is done to your specifications before paying for it.
Conclusion
An addition can be a great way to make your house look new again. However, you should avoid large expenditures by knowing what needs to be done before the construction begins. Besides, who wants to waste money when you can save it?
Article Submitted By Community Writer
