Thought out home additions, renovations and extensions can help to create a truly inspired space that is suitable for your needs and your family’s. Adding a home addition can be a simple and relatively inexpensive way to enhance your home and your lifestyle. The possibilities of home additions are limited only by your financial limitations and by your creativity and imagination.
That being said, it is essential to understand what you are getting yourself into before agreeing to take part in a massive home addition project. Here are some things about home additions that you need to understand:
One distinct advantage of renovating your house by adding home additions is that it will add the value of your home. The bigger your home is, the more it will be worth when you do decide to sell it. Be sure to assess whether the cost of the construction will counterbalance the added value. You should also ensure that the home addition adds functionality to your space.
When the value of your home increases, the taxes that you will have to pay will also increase. Most municipalities base property taxes based on the assessed market value of the home. To get a better understanding of what to expect with your property taxes, you should contact your municipality to give you an idea of what you should expect.
Anytime home additions are made, you must get the necessary permit from your municipality. The sanctions ensure that the home additions are completed based on the applicable bylaws and the right safety codes. The permit requirements vary depending on your location, but some areas require both building and development permits. Additional licenses that are also needed include permits for plumbing and gas, electrical systems and ventilation systems.
The cost of each of the permits is dependent on the value of the construction to be completed. If you do not apply for the permits that are needed, you might end up paying costly fines to the city or deter prospective buyers when you have to sell your home.
Various municipalities usually implement zoning bylaws that ensure that the population density is maintained in specific areas. Zoning also helps to separate industrial from commercial areas. You can get a sense of your zoning designation that is assigned to your lot by contacting your municipality. The zoning bylaws will determine the type of construction permit that is needed.
Assemble a Winning Team
Home additions are significant undertakings that involve the participation of a winning custom renovation team. The endeavor requires tradespeople that specialize in different areas from foundations to roofing. Make sure that you create and manage a winning team that can handle the process correctly.