More Square Footage Makes for a Welcome Addition

Is your home bursting at the seams? Are you dreaming of a complete master suite, or maybe more space for the kids? Adding on to your home can give you the living space you need without the hassle of moving.

We outgrow our homes for many reasons: expanding family, working from home, dysfunctional layouts, or small rooms. Instead of moving into a larger home, an addition can be a great option - particularly in this economy. Plus, an addition allows you to design a space from scratch, to customize your own space for you and your family.

Things to Consider

An addition can increase your home’s value, but be mindful of overall neighborhood values to ensure a wise investment.  Consider discussing the value of an addition with a neighborhood realtor. Many historical districts and neighborhood associations in Atlanta have additional guidelines and covenants that are restrictive. Only work with a designer who understands potential height and setback restrictions and maximum percentages for lot coverage and floor area ratios. When adding square footage, the existing HVAC, electrical, insulation, roofing, and foundation may be affected. Use this opportunity to get your home in solid condition, and consider upgrading your HVAC and insulation to decrease energy costs.

Costs

Additions can range tremendously in cost, depending on the affected parts of your home. Always start with a careful analysis of your needs and wants in order to develop a scope and budget. Think an addition is out of your price range? You may be surprised at the financing options available to you. Consider talking to your loan officer about cash-out refinancing, construction loans, or home equity loans.

Who to Choose

The team you choose to work on your home should not only be expert space planners, but be knowledgeable about the permitting process, up-to-date with building codes and licenses, and informed about structural issues. When interviewing contractors, don’t forget the ten most important questions. A well-qualified team will guide you from start to finish and guarantee the price and completion date of your addition.