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Major renovations can be a great way to add value to your home. A new kitchen, a second storey, a new bathroom, or a sunroom can also improve your current home instead of moving to a new home. Additions are also a significant investment that require proper planning.
Professional and experienced contractors like Four Elements Construction can help guide you through processes and decisions that make the most sense for your needs and your budget. Here are three tips to help you plan:
Planning major renovations or an addition to your home makes the most sense if you are planning to live there for some time. Additions do make homes more attractive to buyers and can add square-footage and value. However, the investment recoup is not something to rely on purely to sell. If you want to make your home more appealing to buyers because you want to sell, focus on small remodels like new kitchen cabinets or bathroom updates.
If you are planning on staying in your house for the long-term, a home addition can create significant improvements. But it should be something that complements your home needs. For example, older houses without primary bedroom ensuites become more attractive and functional with this addition. Perhaps a new room over the garage is the perfect solution for a games room, entertainment room, or additional bedroom. Adding a new sunroom is the perfect solution to extending both interior and exterior square footage. Spending the time to determine what your home is missing will help identify what type of addition will provide the results you want. The outcome will be a home you love as well as a value boost when you want to sell it later on.
New rooms, additional levels, and extensions will place new demands on electricity, heating and cooling needs. Whether the addition you are planning is large or small, it will create added utility expenses. A new bathroom could cause higher costs for water consumption. A second floor or sunroom will create additional heating, cooling and electrical costs. Don’t let yourself be unpleasantly surprised by an increase in monthly utility charges. Take the time to estimate and factor it into your monthly costs once your addition is complete.
Determining where you should be more extravagant really depends on the purpose of the space. A new living room benefits from the right lighting system or crown moulding. For a bathroom addition, invest in quality cabinets and countertops. Investing in these kinds of upgrades will add more appeal to the room and even more value to your home. Other areas to consider include décor like a focal feature such as a fireplace or hardwood floors. Spending the time to make informed decisions for your addition while in the planning phase will help you stay on budget and create the outcomes you want.
With over a decade of experience providing quality renovations for Edmonton and area homeowners, Four Elements Construction will help you every step of the way. We pride ourselves in the level of quality, care and support that goes into every project and for every customer. Whether you need a living room, kitchen, basement renovation, or new addition, we will strive to exceed your expectations.