How Much Will It Cost to Add a Room on to my Home?
Adding a room to your house is an excellent way to add space where you need it, to cut down on the stress of having to completely move into a bigger house and to add value to your property down the road. However, this type of renovation is not going to be cheap and thus you need to be prepared to spend a little money to get what you want. How much it will cost to add a room to your home depends on many things including where you want the room, the dimensions of the proposed room, the features included in the room and the layout of your property.
Adding a room to the back of your property will cost in the thousands in almost all instances. An extra bedroom, a study or an office are quite inexpensive and will generally cost around under $14,000 to do. However, bigger areas can cost anywhere from $11,000 to $38,000, experts suggest.
This is a pretty wide gap but it does give you a bit of an idea of what to expect. It also depends on the structure of your house. In some instances you may need to tear the entire house apart to get the desired look while in other instances it may only take a few minor holes to get what you want. A building contractor can help you find the best way to add a room and where you should place it.
The most expensive places to add rooms to are bathrooms and kitchens. This is because they come with the most hardware. After all, when adding a kitchen you are not just adding four walls and adding a roof; you are also adding cabinets, appliances and a pantry, all of which takes time and money.
When you are looking into any type of renovation cost, you can expect to pay around $1000 to $2500 per square meter. For a 12 by 12 meter home, this may only cost you around $12,000; however, for a bigger living space or for a second story addition, you can expect to pay a lot more. What you want done, the windows, the doors, the nooks and crannies - all of these things will also impact your cost.
Home Renovation Costs
It is a good idea to compare quotes from different building contractors. Most home renovation companies offer a free estimate where they will come to your home and look at what you want done. Take advantage of this by getting different contractors to give you their advice. That way you can find the most suitable building contractor that can make your dream come true for the most affordable price.
In general, you can expect adding an extra bedroom or bathroom to bring more money to your market value. However, in some instances you may be over capitalizing on the property. What this means is that you are using too much of the space and making your home too big for the proposed area and for that particular neighborhood. If you are concerned about this and using the room for an investment, then it might be a good idea to speak to a realtor before making this commitment.
The cost to add a room to your home is going to come back to you in value to the property. Of course, it can be hard to think of it this way when you are looking at the initial price. Keep the big picture in mind and look for contractors that offer payment plans to make the initial costs a little less intense.