Home Addition Cost and Budget
Wheeling Construction has extensive experience with home additions. We’ll do the legwork, so you don’t have to. Call us at (312) 200-5083 or fill out our form today for a free estimate! Visit our Frequently Asked Question page to get answers to your questions and learn more about our services.
It feels great to make more space in your home. A larger living room, a mudroom, a kitchenette, or even a mudroom and kitchen would be ideal. Local contractors for home additions can be beneficial for a variety of reasons. They can provide you with a new, clean space to call your own.
How Much Does Adding On To A House Cost?
Before you start looking for a contractor to build your home addition, you should know how much the project will cost. The prices listed below are based on averages that you can expect when adding your home.
The cost of home addition will vary depending on the size and scope of the project. You should plan on spending between $200 and $400 per square foot. So, for a simple 10×10 addition, expect to pay between $2,000 and $4,000. Of course, a variety of factors can influence the cost of your room addition. The foundation you have and the materials you use for the project will both play a role.
Most people who have added a room addition project have seen their home’s value increase by at least the cost of the project. Check the average cost of adding a second story, and then calculate how much it would cost to build more. The cost of adding on to a house can vary greatly. A second story costs between $20,000 and $70,000 on average. Here are some things to consider when planning an addition, as well as what to expect in 2022.
Factors That Affect A Home Addition’s Cost Foundation
If your home addition is built on top of an existing foundation rather than a new foundation, the cost will be lower.
– Size
A general rule of thumb is that the larger the addition, the more expensive it will be. If you want to save money, it is often better to build up rather than out. Adding a second story or finishing an attic space, for example, maybe less expensive than expanding your home’s footprint.
– Materials
Costs will also vary depending on the materials you choose for your addition. As a result, installing stone or brick veneers on the outside of your home will be more expensive. Marble countertops in the kitchen will also cost more because they are more expensive than laminate countertops.
– Design
Complex design and layout raise costs. More than just a simple rectangular space in the back of your house with a cathedral ceiling and lots of windows. Roofs with no pitch or valley are less expensive than flat roofs. Furthermore, large windows are more expensive than small windows, especially if they are curved.
– Location
The price will be higher if it is built in a high-priced area, such as a historic district or near the ocean. This is due to the higher cost of labor and materials in these areas.
– Financing
Consider the cost of borrowing money if you need to get a loan to pay for your new addition. If your credit score is good and the loan terms are correct, you may have to pay interest rates of up to 10% or more in some cases.
When you add a new room to your home, it is a major undertaking. This will have an impact on your quality of life, but it may also increase the value of your home and make it a better investment.
People should keep in mind that this is a major undertaking that will require both time and money. So, before signing anything, spend a significant amount of time researching the cost, regulations, and zoning laws.
Things You Can Expect
The market for home additions will expand dramatically in the coming years. It implies that an increasing number of people will expand their living spaces. If you’re thinking about doing something like that, you should get started right away. Here are a few things to look forward to:
- Materials prices are expected to rise in 2022, raising the cost of materials. People who build things may have to pay a higher price for lumber and nails. Finally, you will be charged more.
- For your project, you’ll need permission from your city, county, state, and homeowner’s association. Contractors in your area should be able to advise you on what steps to take. Plumbing and electrical permits are required if you add a bathroom or kitchen.
- As the demand for workers grows, labor costs are likely to rise, raising the price. As a result, you may have to pay more for your contractor’s time on your home addition, raising the overall cost.
- Permits and inspections will be more expensive in 2022 as more people require them. You’ll have to spend more money on your home addition, so keep that in mind when determining how much you can afford.
- When your new addition is completed, your home’s insurance will most likely increase. Thieves and fires are more likely to target your home as its value increases. Make sure to discuss how much your rates will rise with your agent.
5 Types Of Home Additions
1- Bump-out
It’s a great choice for small additions and is commonly used in kitchens and bathrooms. A bump-out addition can be added to an existing room or as a separate structure. It’s also a lot less expensive than constructing an entirely new structure, making it an excellent choice for those looking to save money.
Bump-outs, also known as room extensions, is the most affordable home addition option, with an average cost of $86.00 per square foot. These costs will vary depending on the size of your bump-out as well as the materials and features you select.
2- Sunroom
This light and airy addition will increase the value of your home while also improving energy efficiency. Many sunrooms have glass windows that let in natural light while keeping out harsh weather elements.
A well-built sunroom can help you save money on heating and cooling bills. The average cost of this add-on ranges from $8,000 for the smallest models to $80,000 or more for the largest, custom-designed additions.
3- Family Room
A family room is a place where families can congregate and spend quality time together. This space can be located between the kitchen and the living room or as part of an open floor plan. You can watch movies or play video games in this room. Depending on the size and features of the room, a family room addition costs between $10,000 and $50,000.
4- Garage
If you require more storage space, you may want to consider adding on to your garage. Adding a garage will give you enough space to store all of your belongings, but it will not take up all of the available space in your home. It’s also an excellent way to increase the value of your home because you can convert a garage into additional living space or even an income-generating rental unit.
In 2022, the cost of an additional garage will range approximately between $10,000 and $40,000, with most homeowners spending around $22,000 for a two-car garage. A single-car garage will set you back between $7,000 and $14,000. A three-car garage costs an extra $28,000 to build on average.
5- Deck Or Patio
Adding a deck or patio to your home can provide you with additional living space in which to relax and entertain guests. When it comes to materials, this type of addition can also add value to your home. Choose ones that will withstand the elements and last a long time. A patio’s cost will vary depending on its size and materials. On average, prices range from $1,500 to $10,000.
How Long Does It Take?
The length of time it takes to complete a home addition is determined by the project’s size and complexity. A simple garage or carport can usually be built in a matter of weeks, whereas a sunroom can take several months.
Labor and material costs will rise in 2022, increasing the cost of home renovations. There are numerous ways to cut costs on your project. Purchasing in bulk may enable you to obtain material discounts or a better deal from your contractor.
As a family grows, some people require family room additions. Not only do you want to increase the value of your home when you sell it, but you also want to know what to expect before beginning a home addition project.
Do you want to find the best home addition contractors in my area? Wheeling Construction is the one to contact! For additional questions, please see our Frequently Asked Question section, and please visit our website to learn more about our services.
Fill out our FREE Estimate Form or give us a call at (312) 200-5083 today!
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Frequently Asked Questions
Is An Architect Required for an Extension?
Professional architecture drawings are required for a full planning application, so the answer is Yes. Although Permitted Development applications require a sketch and letter of intent, an architecture drawing is preferable because a sketch allows your builder to go over by 5cm, risking enforcement.
Is it Less Expensive to Build Up or Out?
When budgeting for a home renovation, it’s critical to understand the differences in costs between building up and building out. Building from the ground up is significantly more expensive than building from the ground up. Extending your home’s footprint costs about $140 to $180 on average.
Does an Addition Increase the Value of your Home?
According to Nationwide research on the value of improvements to an average three-bedroom house, an extension can add up to 23 percent to the value of your property.
What is the Cost of Adding an Extension?
Cost of a Home Addition on Average The average cost of extending in the United States is between $86 and $206 per square foot. There is a significant price difference between the cheapest single room extensions, which range from $17,000 to $78,000.
What is the Cheapest Way to Build an Extension?
If you do decide that an extension is the best solution for adding valuable space, then think about the following to keep within budget:
– Stick to a simple configuration.
– Use simple building materials.
– Plan in standard fittings.
– Don’t be lured by fashionable brands.
– Keep the groundwork simple.
– Planning Permission.