How Much Does a Home Addition Cost?

Costs Associated with a Home Addition

When homeowners or property owners think of the costs of a home or room addition, some tend to only think about the construction costs. Though materials, labor, and contractor fees make up a significant bulk of the cost of a home addition, there are other costs to consider. Failing to do so can set you up for an unpleasant surprise. Here are some other costs to be aware of:

• Design and Planning: If you are thinking of hiring an architect or interior designer, then be sure to get a price quote.
• Permits and Inspections: Local building codes will regulate what you can and cannot do regarding a home or room addition. Obtaining necessary permits and scheduling inspections will involve fees.
• Structural Work: You may need to modify your building’s existing foundation or perform structural work to support the new space. This is especially likely when building up.
• Utilities: If you are building extra living space, then consider the costs of running electrical wiring, installing plumbing fixtures, and extending HVAC systems.
• Finishing Touches: These are costs you will likely review with your interior designer, and they will depend on the level of quality and customization you seek.

The costs mentioned here are general considerations, and actual costs can vary based on your project needs and wishes. Further, it’s important to note the costs of mistakes, accidents, and unexpected issues. Set aside an extra 10 or 20 percent of the total project budget for unforeseen expenses.

Unexpected Costs to Prepare For

We live in an unpredictable world, and it’s wise to expect the unexpected. As mentioned earlier, it’s important to have a contingency fund for unanticipated costs. These can include:

• Code Compliance: Previous owners may have performed unauthorized work on the property, and this can complicate the process when seeking permits or scheduling inspections.
• Site Conditions: Poor soil quality, groundwater issues, or buried utility lines are just some unexpected site conditions that may require extra measures.
• Design Changes: You may decide to make changes or upgrades during the construction process.
• Delays or Disruptions: Unforeseen circumstances like inclement weather, labor shortages, and supply chain disruptions can cause costly delays.

If you are feeling overwhelmed with all of this, then consider working with a home remodeling company. Professional and experienced home remodeling contractors have a good idea of obstacles that may arise, and they plan accordingly to minimize associated costs.

Consult with Home Remodeling Professionals Today

Home remodeling is a lot of work, and we are sure you have questions. The professionals at Construction Hero are happy to schedule a face-to-face consultation to address any questions or concerns you may have.