Pros and Cons to Home Additions
Thinking about having some remodeling done? Maybe you’ve always wanted to add a little space to your home and a home addition sounds pretty appealing. A home addition remodel can be exciting, but if it’s not the right fit, it might only be stressful. So how do you determine if the good outweighs the bad for you? Let’s break down some of the pros and cons.
Pro: More Space Without Having To Move
If you want to add more space to your home, your options are basically: move or add square footage. Moving can be a straining time for everyone in your household, as well as a strain on your finances. Besides, you might really like your current location. A home addition will allow you to stay where you are while having the space you need.
Con: Sometimes Moving Is Cheaper
…All finances added. Buying a new house is certainly more expensive than a home addition project, but you’ll also have money from the sale of your old house. If you were planning to move to a rental, a home addition might be better, however, especially if you can pay it off in installments through a financing plan.
Pro: Customized To Your Needs
Whether you want a home addition for a new studio, a nursery or playroom, or an added entertainment space, you can find exactly what you need with the help of a remodeling contractor and a custom home addition. This will save you the time that might otherwise have been spent looking for that perfect space from a new home.
Con: Long Time Frame
Home additions can be a worthwhile investment, but they can also take some time. In that time, you’ll either be living through a remodel or staying somewhere else to get away from the chaos of the construction. For some homeowners, this is worth it for the finished product, but you’ll have to decide if that’s right for you.
Pro: Added Home Value
One of the most appealing benefit of any home addition is the value it adds to your house. Maybe you’re not moving now but you plan to move in the next few years. A home addition and added square footage is likely to make your home more attractive to potential buyers and up the ROI when you put it on the market.
Con: Not a Guarantee
Of course, just because that’s likely to happen doesn’t mean it’s guaranteed. The housing market is constantly shifting and changing. It may be that by the time you move out, the added value due to your home addition won’t make much difference after all. There is a risk, and it can be hard to predict how things will go.
Thinking about having a home addition installed? MBC Remodeling can walk you through the process and help you decide if that’s the right choice for you. Contact us today for more information or to set up a free consultation.