Is your family getting too large for your current home? Adding an extra bedroom could be more cost-effective than moving to a bigger home. Besides working with one of Arlington Heights’ reliable home remodelers, you should consider several factors when adding a room to a house.
Is Adding an Extra Room a Good Idea?
First, ask yourself why you need extra space before you embark on the room addition project. You might be surprised that adding an extra room to your house is not the best solution to your problem. However, home additions are generally good investments that can significantly increase your home value.
One survey showed that adding livable space can add an average of 5.3% to the median home value. If you have no plans to move soon, you will enjoy the value you receive from the home addition for many years.
On the other hand, if you decide to sell your home, consider the resale value after the home improvement project. If the room addition increases your home’s value, you should implement it.
Determine Your Budget
The budget is a critical factor for all home improvement projects. The cost of adding a room to a house can vary significantly depending on various factors such as:
- Location
- Size of the room
- Function of the room
- Weather and time of the year
You should maintain a realistic budget to avoid disappointments down the road. It is also advisable to secure financing before starting the project. Financing will help you avoid major costs, even if you have excellent credit.
Consult an architect or other professional to help you create a realistic budget for your project.
Hire a Reputable, Licensed Contractor
Are you going to do the work yourself or hire a contractor? Few homeowners can tackle a room addition project alone. Even the most knowledgeable homeowner will still need to work with at least one professional to help with their project.
You may choose to do the project yourself to save on labor costs. However, doing it yourself can take months to complete. Moreover, most cities require a certified contractor to pull permits and stamped drawings from an architect.
A reputable remodeling contractor will help you design and manage your project. They can give you reliable budget estimates and timeline expectations. Furthermore, they can handle your permits and inspections.
An experienced home remodeling company will evaluate your needs and determine how a room addition will affect your household. They can then advise you whether the project is viable. Therefore, it is advisable to hire a contractor for your home addition project rather than doing it yourself.
Final Thoughts
Room addition can be one of the most rewarding projects you will ever undertake in your home. Are you are considering adding a room to a house? Icon Building Group is the go-to contractor in Chicago, IL, and the surrounding areas.
Call us today at (847) 232-6400 to learn more about home improvement projects for the summer.