4 Things to Think About When Building a Home Addition

Oftentimes homeowners come to us because they love their location and neighborhood, but they’re outgrowing their home. Fortunately, this very common problem has a solution: a home addition.

This is a good alternative to moving, as the costs and stress associated with moving are often the same as, if not more than, adding an addition to your home. For example, when selling a home and purchasing a new one, homeowners must take into consideration realtor fees, loan fees, closing costs, moving costs, utility fees, purchasing new furniture, painting the new home…and the list goes on. Building an addition to your existing home can eliminate these stressors and costs, but obviously it brings in a whole new set of elements to consider. Here are 4 things to keep in mind when building a home addition:

  1. The appearance of the home will change. A home addition will drastically change the way a home looks from the street or yard. Make sure the new addition matches the rest of the house so that it looks like it belongs there.
  2. It takes time (but so does moving). Depending on the size of the addition, the season, and the contractor’s schedule, it can take weeks or even months to complete a home addition. We at Progressive Builders can help map out the timeline for the project and make sure that the job is done right and on time.
  3. It’s an investment. A home addition can drastically raise the value of a home, making it a good investment. Homeowners can use a home equity line of credit or a new mortgage to cover the costs associated with an addition. If interest rates are low, this is a particularly good option.
  4. It will raise property taxes. Because a home addition will raise the value of a home, it will likely raise property taxes as well. Take this into consideration before construction begins. However, also keep in mind that moving to a larger house will increase your property taxes as well.

Progressive Builders knows home additions. We have years of combined experience that can help homeowners get the best value for their home addition. Contact us today to get the process started!

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