In today’s real estate market, you probably know that you could sell your house at a decent price. But of course, with an inflated market you will also be paying more for a new one. So if you’re considering trading up to a larger home, you might also consider simply building an addition onto your new home.

But like anything else, there are pros and cons to that decision. Let’s take a look at both sides of this issue.

Pros of building an addition to your current home:

You won’t have to move. Let’s face it, selling your home and then moving to another one is an enormous hassle. You could skip all of that by simply changing your current home to more closely match your needs.

Stick with a location you love. Location is so important with regard to real estate. If you love your current location, there’s no guarantee that moving will make you happier – even with a larger house.

You can personalize your addition. If you move to a new home, there might be things you don’t love about it. Staying in your current home, and building an addition, gives you more square footage while also allowing you to customize the floor plan to match your exact desires.

You might save money. When you move, you’ll pay realtor fees and a moving company. Switching your utilities and dealing with other hassles will add considerable expense, too. But if you build an addition to your current home, you’ll receive a quote upfront and know exactly what the project will cost.

Cons of building an addition to your home: 

It can also be expensive. The prices of building materials have skyrocketed over the past year or so. Remodeling your home probably won’t be cheap.

Remodeling can be a pain. There will be strangers in your home for days or weeks, and you’ll have to live with a considerable mess. If you remodel a bathroom or the kitchen, you’ll need to plan for showers, cooking, and other essential activities in the meantime.

You lose some yard space. If you’re building out, rather than up, you will lose some yard space. This might be a considerable factor for those who already have smaller yards.

Construction difficulties can arise. Sometimes additions can be prone to leaks, if not well designed to account for water flow. And the addition might end up looking odd, impacting the curb appeal of your home.

Talk with a professional contractor about your options to get a better idea of the opportunities and limitations of a home addition. Give us a call, and we can help you understand what to expect from this remodeling project.