Questions to Consider for Room Addition Cost
Home additions can have many upsides. But one not-so-exciting aspect that needs to be an important consideration is the cost. While the actual estimate of the work itself is of course a major issue, there are also other issues related to this investment (and the potential payoff that you may get from it) that you need to consider.
Will this increase your property taxes? In many areas, an addition is likely to trigger a re-assessment for property taxes. That’s an ongoing cost increase that you will need to factor into your budget.
Can you incorporate this into a larger project? If there are other renovation projects on your wish list, you may be able to save some money on the total costs by getting them done all at once as part of a package deal.
How much will you get back? If you are planning to sell in the relatively near future, the decision of what to spend on your room addition (as with many other choices you will make involving your property) will be heavily influenced by how much it will boost your property value.
Does the design allow for versatility? This is important whether you plan to stay in your home or try to sell it. If you will likely be there for the long-term, a space that can adapt to your household’s changing needs will give you the best value for your money and help you avoid additional home renovation costs down the line. If you plan to sell, you want a space that’s flexible enough to appeal to the largest possible group of potential buyers. If necessary, it’s worth spending a bit more to get a space that can be used in a variety of ways.
At RW Remodeling, we can provide some insight to help you plan your room addition cost in Phoenix.