Recoup Some of Your Room Addition Cost
The creation of a room addition is an increasingly popular home improvement project. This is not the type of project the average property owner can manage on their own, though, so it will generally require the involvement of a home renovation contractor. While that will contribute toward an overall higher cost, it is well worth the money, as an addition is a major endeavor and the final result will have a big impact on the rest of the home.
On the bright side, there are a few things you can do to help reduce or offset your long-term cost. First, of course, you need to choose the right contractor. They should be diligent about monitoring costs and keeping the job on track so as to avoid delays and the expenses they can cause.
Next, if you will be using the addition (or a part of it) for any type of work-related purposes or for a home office/business, you may be able to write off part of the cost or take a deduction for some expenses related to maintaining the space. Be sure to ask your accountant or tax adviser for guidance.
If you will be selling the home anytime in the next few years, consider ways in which the addition can help attract buyers or increase your asking price. One smart strategy is to make the space as versatile or flexible as possible, so it will appeal to the widest possible group of potential buyers.
RW Remodeling specializes in home additions and can help you get the most for your room addition cost.