Do You Intend To Stay In Your Home?
Many people usually make an addition to their homes with other people in mind. Rarely and sparingly, do people conceptualize and actualize a home addition with themselves in mind.
Experts and professionals in this field deem it perfect to do a home addition when you are doing it for yourself without contemplating a resale in the near future. Many small home additions can be deemed inconsequential when it comes to rendering this decision but some additions are perceived as preferable when they are done for the improvement of a home when you intend to continue staying in in the long run. It is therefore apt and prudent that the moment that you commence proceeding in this line of thought, then you should know that it is indeed the best time for you to do the home addition as its naturally decent to invest in a home that you have long term plans of staying in.
Has a Resale Been Imagined?
The best time for putting an addition to your house can also be influenced by whether you have any plans both immediate and distant to resell your home. It is quite normal that plans in the home industry can shift in an instant and your long-term intentions to stay in a certain house can be overturned by a paradigm shift in your overall planning with regard to that specific establishment and the need to move on. This could therefore make this the opportune time or moment to do a home addition but this time with value addition in mind bearing in mind how the outcome will be and the impact it will have on the next person who will own the home. This, therefore, necessitates the involvement of a licensed professional to guarantee that you will not DIY through an entire home addition and to ascertain whether they will be a perfect return on investment once you settle for this time as your best time to do a home addition but now with a resale in mind.
Finances and Size of Addition
There are different sizes and levels of home additions. Some include minor bump out and dormer additions whilst some include sizeable garage or second-story additions. The implication herein is that there is a possibility of a certain cost outlay that will be involved and it can never be a good time to initiate this project before having proper financial plans. It is therefore vital to secure proper financing for everything that will be needed to complete the project. This is the only time that can be deemed okay to make a home addition, as it would ensure that it is finished without stalling and in a timely fashion especially because the home addition will entail an immediate increment in the overall value of your home.
Existing Layout
The best time to make a home addition is when the current existing layout allows you to do so. This implies that before you make any additional square footage in your home, you should consider whether a possible revamping of the attic or basement could accord you the additional bedroom, living area or bathroom that you massively yearn for and whether this will actually be functional before delving deep and indulging in making an addition. If you decide that maximizing and utilizing your existing footprint cannot be useful, then this is a good indicator that the time is actually ripe for making a home addition devoid of any hesitation.
The foregoing are clear indicators that have been well discussed aptly demonstrating what influences the decision of the best time to make an addition to your home. This should therefore make it easier for you to make such a decision, as you now stand as well guided. However, do not hesitate to liaise with a professional if you need additional insight on this delicate subject.
