Is a room addition right for you? If your family has outgrown your current home, you might be wondering if it is best to add on extra space with a home addition or to move. Neither option is perfect for every family. There are many reasons why adding on to their home is best for one family while moving is the best option for a different family. Consider some of the reasons people pick one choice over the other.
Get It Your Own Way with Custom Features
One of the biggest reasons to consider a home addition is that you can get things your own way. Your dream kitchen, which you always thought would just be a dream, can now become a reality. You can get that large walk-in shower or jetted tub you have always wanted in your master bathroom. Instead of having to pick between the home with the large family room or the house with five bedrooms, your home can have both.
When you decide an addition is the right choice for your home rather than moving somewhere else, you can decide upon things such as the carpeting in the new bedroom, the tile in the new bathroom, and the size of your new, larger living room. While you are adding onto your home, you may also want to improve other parts of your house. This can increase your enjoyment of the home and improve your resale value without adding all the costs and hassle of moving.
Solve Problems without Creating More
Buying an existing home usually does not meet all of your expectations, especially if you buy a cookie-cutter house that are so popular these days. You can come close if you are willing to invest a lot of time into the search, but you probably will not hit the nail on the head. Unless you build a custom home from scratch with an expert builder, you are probably going to have to make some compromises.
If you needed more space, moving might achieve that goal. But in exchange, you may notice over time that there are things about your new home that you do not like. The big problem is that you may not realize them until you have already purchased the home in and lived in it for months. By then, it is too late to go back. That is why so many homeowners get into a new place and then realize that they still have a backlog of improvement projects.
Additions tend to be better for your long-term satisfaction because you do not have to trade one set of issues for another set you may not even know about. You can avoid sacrificing the main floor that you already love just so you can get the master suite addition of your dreams. As long as your existing land will accommodate your design ideas, you can solve all of your existing problems without creating more.
Home or Neighborhood Attachment
Whether you have lived in your home for a short time or it has been your home for decades, you likely feel at least some attachment to your home and/or neighborhood. Maybe this was your first home after you got married, and there are memories attached to it. Perhaps your next-door neighbors are the greatest neighbors ever. Great school districts, proximity to shopping and other services, and closeness to relatives are other reasons people are attached to their home or neighborhood. It may even be worth adding on to your home if you love that great fruit tree in your backyard or you have another home or yard feature you love. If building up is a concern, consider a casita or an ADU.
Return on Investment
Even if you are planning to upgrade entirely for your own enjoyment, you should still consider the return on your investment. In most cases, an addition will lead to a notable increase in your home’s resale value. How much you get depends on the neighborhood. If you are adding on because you have the one small house on the street, you may notice a bigger return. On the other hand, if you are trying to make a great house to balance out a location that is not in demand, you may not be able to achieve the goal. Keeping your investment in mind will help you determine which route will get you what you want.
[Read More: ROI of a Kitchen Remodel in Tempe, AZ]
For some people, space is a big factor in whether they add to their home or move to another home. Maybe you have a lot of land, and you cannot find another property that provides you with both the indoor and outdoor space your family needs. Even though your home as a whole may need some expansion, maybe there are specific rooms in your home that are the perfect size, and you cannot find that in another home within your budget. For example, you have the perfect master suite, or you love your large downstairs family room. If you are unlikely to be able to find these large spaces in another home, you may want to consider adding on to your home rather than moving.
Click here to learn more about space planning.
On the opposite side, sometimes adding to your current home is impossible or impractical. Maybe your yard is already small, and a room addition would require sacrificing too much yard space. Maybe the rooms you want to expand are in the front of your home, and adding to the front of your house would take away from your driveway or place your house too close to the road.
This is why you should always consult with an expert remodeling company before you get too invested in the planning. Professionals will do their best to make your ideas work within the constraints of the lot and the existing structures on the property. If it simply will not work, you can discuss alternatives. At the least, you will know early on that what you want may not be possible with the home and property you have.
The problem of a home expansion being too costly is really two problems: money and time. When looking at the money issue, the situation is about more than just how much money it will take to add on to your home versus how much it will cost to buy a different home. Repairs and remodeling expenses associated with the home you would consider purchasing should also be considered.
You may also want to consider other moving-related expenses, including the cost of renting a moving truck or hiring a moving company. Even smaller potential expenses, such as the cost of replacing or repairing items that might get broken during the move, should be considered. This is especially true if you have valuable items that are also fragile. In many cases, these items may need to be packed carefully, which may cost you extra money.
Time is also sometimes a concern for people needing extra space. Finding a new home can be time-consuming. You may have to take time off work to look at homes, or you may spend your weekends for several months looking at houses. Even after finding a home, it can be several weeks, or even months before you can move in. It is important to factor in this investment, because it involves much more of your own energy than remodeling. Spending several full days visiting homes, followed by weeks of packing and making arrangements to switch households, can be physically demanding and mentally exhausting. You want to be sure you are ready to make that commitment if you choose to move.
Adding to your home can also take quite a while. The big difference is that while you may have to wait several months for your home addition to be complete, you can continue to go to work and generally live your normal life while a remodeling company handles the hard work. When you compare a minor investment in the design and construction phases of a project to the individual rigor of moving, it is obvious that remodeling is the less stressful of the two.
Often, people look to expand their homes either right before or right after a big change in their family situation. Maybe you are planning to have another child soon, or the grandkids are moving back to the area and will be spending more time at your house. Perhaps, your adult son is moving back in with you, and he needs his own space away from the rest of the family. It is important to consider if you really have the time to move while dealing with the stresses of a new family situation. Plus, if you are dealing with a new family situation, unpacking and getting settled in your home might be more time-consuming than you can handle.
If you are ready to tackle the home addition you've been dreaming of, drop us a line, and let's get the process started. Even if you are unsure about whether a home addition is right for you, we'd be happy to talk with you about possible challenges associated with a room addition vs. the challenges of remodeling a new home you may be considering.