Advantages And Disadvantages Of A Home Addition
Home addition is an exciting decision, yet it requires a thorough planning due to the consequences involved
. Therefore, you need to know its pros and cons as these will tremendously influence the quality of life you are experiencing.
It is always good to see changes in your home; thus, a lot of people love to make home renovation whether it's a remodeling or an addition of a new room. However, this has both pros and cons that needs careful deliberation. To help you land to a good decision, here are some of the known advantages and disadvantages of having an additional space in your house.
Advantages
Cheaper than buying a new property
If you have increasing family members, consider having an additional room instead of transferring to a new house to accommodate your growing needs. The fact that you are selling your present property to finance a new one already involves some financial resources. Meeting with agents for property listing already entails an expense. Although, this might be minimal at first glance, but this will definitely accumulate until the sum becomes huge.
Gains full control over the design
Unlike buying a ready-made house where everything has been laid according to the contractor's preference; doing room addition is a more fulfilling one. You gain full liberty in designing your space without having to worry about what others might say. With all the available layouts online, you can easily download designs without a single cost.
Allows uninterrupted personal life
Having to stay in the same community instead of transferring to a new dwelling place allows you to maintain mutual relationship with your neighbors. It enables you to continue living without having to adjust to new acquaintances.
Although home addition is sensible than relocating, still it has some drawbacks. However, these are just minor, which can be easily taken care of through proper planning.
Disadvantages
Squanders a huge percentage of your reserves
Although it is affordable as compared to purchasing a new house, but still it requires a great fortune. With the increasing costs of labor and materials, the overhead is considerably great. Thus, there should be thorough thinking prior to implementation of work because insufficient funds can cause delay or even cessation of project.
Increases monthly expenditures
Adding another room would also imply the need for extra appliances such as an air conditioner or a heater, whichever is applicable. This will substantially increase your monthly expense for your electricity bills. Maintenance as well as property taxes subsequently increases to a great extent, which can affect your operating expenses.
Eats up remaining space
In the event that you are having a sideward expansion, any remaining lot area will definitely be eaten up. This will reduce your lawn, which will result to a more constricted space. Although, this is only applicable if the area is small; however, this concern can be addressed effectively by doing upward addition. You can utilize the attic and transform it into a new room instead.
As the costs involved are great, you may want to thoroughly think about it first and check your income in relation to your expenses.
by: Patricia Strasser
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