2. More Cost-Effective
Alternatives
While building an addition can prove valuable,
such action could also be quite expensive.
Therefore, construction and real estate experts
suggest that homeowners consider other
alternatives that might provide a greater level
of cost-effectiveness. Financially prudent
alternatives might include transforming the
home’s attic or basement into viable living or
working spaces.
3. Is Added Value
Guaranteed?
Many people think that creating an addition to
one’s home will automatically increase the
structure’s value. That said, such beliefs are not
always true. Property owners are asked to weigh
the potential costs of the upgrade with
the expected added value this endeavor will
yield. If the owner cannot at least get back what
they invested, the addition might not be worth
proceeding with.
4. Ensuring That
The Addition Fits
The Aesthetics
Real estate and construction professionals
strongly caution homeowners to consider
if the intended upgrade will improve the
home’s aesthetic quality. If the addition
will stick out like the proverbial sore
thumb,” or would not fit the layout or
design of the property, such results could
actually drive down property value.
5. Determining
Property Lines
Certain additions might necessitate a
homeowner to use every last bit of property
boundary they possess. Prior to undertaking
any significant upgrade, contractors strongly
encourage prospective builders to determine
and establish property boundaries. Should an
addition encroach into a neighbor’s property,
challenging and costly legal proceedings
could follow.
6. Adhering To Zoning
Regulations
In some municipalities, home upgrades may be
subject to the zoning regulations of the village,
town, city, or county in question. Violating these
mandates could yield fines and potentially cause
legal issues.
7. Hiring The Right People
Like any major project, a home addition often requires significant planning before the
building stage commences. Ergo, real estate and construction experts recommend
retaining the services of skilled and experienced professionals such as architects and
firmly established contracting or construction companies.