Pros and Cons of Getting a Home Addition

Do you feel like your home is missing a little something? Maybe you’ve lost the sense of connection with your property. If that is the case, renovating or adding a new part to your home can return it to its former glory and make you fall in love with it all over again.
Statista shows that 8-10% of homeowners preferred home additions between 2015 and 2023. However, starting such a big project is no easy task. It requires a thoughtful approach and expert answers to your burning questions.

Today, we at Bluegrass Haven will help you carefully analyze the pros and cons of getting a home addition. After reading this blog post, you’ll learn all the nitty-gritty about this popular renovation type to decide whether you’re fully prepared to add an extra space to your residence. Let’s get started!

The Pros of a Home Addition

First, let’s review some of the top reasons why getting a home addition is worthy of consideration. Here’s how a home addition can help increase the potential of your home:

There's No Need To Move

Moving your family and possessions can be stressful and time-consuming. However, moving can be unnecessary if you like the place where you live. Where’s the need for it if you’re satisfied with your current surroundings and don’t want to change them? Moving forces you to switch routines, adopt new lifestyles, and face transportation problems. Luckily, a home addition saves you from the hassle.

You Can Add Space

Many know that a room addition adds extra space to their house and serves a special purpose. Yet a house addition gives you the desired variety and allows adding multiple rooms. Whether you yearn for a new bedroom, bathroom, or office, additions have you covered.
When considering a house addition, it’s important to remember that it’s not just about adding space but about adding space that serves a purpose. It’s crucial to carefully plan and consider how to utilize every inch of this extra space.

You Are Completely In Charge Of It

Do you want to add a personal touch to your home and make it distinctively yours? Designing a new house is a serious responsibility that will radically affect your budget. Yet a home addition gives you a clean slate to alter your space to your wishes. Just make sure it stylistically and architecturally matches the existing home setup. You can always decide what you want to incorporate and what to exclude. Collaborating with a professional can help you stay on the right path, yet it doesn’t diminish your 100% involvement in the creation process, keeping you engaged every step of the way.

Great Control Over The Costs

You don’t have to finish your home addition instantly. One of the greatest advantages of this process is following it step-by-step and adjusting the stages according to your budget. As you build your addition, you can get the major costs out of the way first and then focus on designing a space that fits your budget and preferences. Of course, only start with the project if you are financially prepared.

It Increases Your Home Value

Getting a home addition is indeed a serious investment. Yet, it’s more cost-effective than buying a new house. Still, don’t forget that an addition will add significant value to your property in the long run. Potential buyers are more likely to be attracted by a good-looking home.
Since you would put a lot of effort into making the home look good, you can increase the price due to the high perceived value. That said, home renovations are indeed a lucrative option.

The Cons of a Home Addition

As with everything in life, there are setbacks to investing in a home addition. Here’s what you should know before you start with the project:

You Might Face Potential Disruptions

Exposing your household to dust and noise is unavoidable. You’ll have to adapt to living with it since no one can guarantee when the process ends. It can take anywhere between a few weeks and a few months. Even doing a temporal relocation has its setbacks. Hotel stays are expensive, and visiting your friends and family will disrupt their privacy.

It Comes Off As Costly If Not Approached Accordingly

When making home additions, you must decide what the project will entail before it starts. Otherwise, your addition will come with hidden and unexpected expenses. Don’t forget that seeking extra changes during construction is allowed only under certain conditions. These conditions often involve a significant cost increase, potentially doubling the initial pre-approved price. It’s important to remember that you’re not just paying for labor and materials. Additional expenses such as special building permits, design plans, and inspection fees also come into play.

Numerous Hidden Costs

Adding an extra room or two means higher bills due to additional heating or cooling. Don’t forget about more maintenance, furniture costs, etc. In other words, all these costs will cause you to lose money before you get any benefits. Even if you decide to sell, no one guarantees you’ll make extra money.

It Interrupts Privacy

Getting a home addition means having contractors, plumbers, and electricians spend most of their day at your place. This might disturb your family’s privacy and day-to-day activities. Only a few companies, such as Bluegrass Haven, manage to make the process quick and comfortable for everyone involved—from residents to workers. We’ll meticulously plan the whole process, ensuring you are unaffected.

Unavoidable Loss of Yard Space

Outward expansions of your home addition have costs—you might lose some of the existing yard space, impacting your outdoor looks and functionality. If you already have a lot of space, this won’t affect you as much as if you have a small yard.
If you possess a minor urban parcel, things change drastically. So, it is highly recommended that you make thoughtful considerations beforehand. Ask yourself if the additional space will serve you better than the one in the yard, and decide only after considering all the factors involved.

Enhancing Your Home with Bluegrass Haven

Deciding to expand your home is a big decision, but you don’t have to handle it alone. With Bluegrass Haven, the process is straightforward and stress-free. We’re here to help you understand all the benefits and challenges of home additions, plan carefully, and make sure everything goes smoothly. Let’s turn your idea into reality, enhancing your existing home with a new addition that fits perfectly with what you already love. Reach out to us today!