You may often dream about having a bigger home by adding onto your own, but undergoing this kind of construction project is involved. Before you hire contractors, consider these ideas that will help you determine if the cost is worth it for your home and family.
How Much You Can Afford
On average, a home addition costs about $80 to $200 per square foot. But keep in mind, you aren't just paying for the building materials and labor. In some cases, it may be simply more financially sound to remodel part of your home, such as turning an unfinished basement into a new room.
Foundation
Whether you're building up or out, you need a good foundation. If you're building out, you'll need a new foundation poured, and if you build up, the contractors may need to strengthen the existing foundation so it can support the extra weight.
Heating and Cooling
If you have a traditional forced-air heating and cooling system, it uses ducts to transport air - which means you'll need to add ducts to the addition if you want to heat and cool the addition, and this is an added expense.
If you can't afford to expand your heating and cooling, you could purchase a mini-split system just for the addition. This is an effective solution, but it will also be an extra cost on top of the addition itself.