“Do we opt for a home addition, or simply buy a new home?” This is a question many homeowners face. No matter the decision, both courses of action will ensure a sizeable amount of work and disruption to your daily life and can be costly.
Homeowners who opt to purchase a new home are usually looking for a fresh start, and have no qualms about leaving their current home behind. However, some homeowners are not as keen to start over with a new home and forego the home buying process for something different: Adding onto their existing home.
By opting for a home addition, a homeowner can reap many of the advantages of a new home, without sacrificing the existing home’s comforts that they have lovingly created over the years. For example, an addition will give a property a ‘new’ feel and create additional living space for a growing family; which is often the chief motivator behind the purchase of a new home, to begin with.
And, to top it off, a home addition also provides several other benefits.
New home additions give some you the freedom to create the room(s) of your dreams. Because let’s face it, no matter how far you search, it’s unlikely you’ll ever find a new home that matches your specifications to a tee. When adding or renovating your home, you have the freedom to tell your contractor exactly what you want and in most cases, they can deliver on your vision.
With television channels like HGTV and social platforms like Pinterest dominating the mainstream, many homeowners are realizing that they too can have the home of their dreams and are looking to add additions and complete renovation in the coming year. In a recent study, it was found that homeowners are looking to ramp up home improvement projects next year. And, kitchens remodels continue to be the most sought after renovation.
Here are some other popular home additions and renovations for 2017:
- Guest rooms
- Finishing basements
- Updating exteriors
- In-law suite
- Converting garages
- Covered/screened outdoor living
- Bathroom additions
- Adding a second floor
Saving You Money
Renovations can also be cost-effective in long run. Some investment specialists even say that a home addition can increase the value of a property dollar for dollar, thus recouping the entire cost of the addition and renovations when the owner finally decides to sell. But even if the market is such that an addition doesn’t completely increase a property’s value by its construction costs, it can pay for itself in several other ways.
An addition will increase the square footage of the property, adding valuable living space that has a worth all of its own. Then, there are the aesthetic properties of an addition or renovation such as adding beauty as well as function to a home.
An addition it can be just as pleasing from the outside as it is on the inside, and a skilled, custom home builder and contractor will design and create an addition that compliments the existing lines of a property so that the finished project looks cohesive and professional.
If you feel that you’ve outgrown your current home and are thinking of buying something new, perhaps it’s time to think again.
Jason Rossi from Rossi Construction, located in Tampa, FL, is giving away a one hundred dollar gift card to Home Depot.
The point of the contest is to help one lucky winner accomplish a small in home project rather that be something that needs to get finished or something new and exciting.
The contest is open to all residents of the Tampa Bay area.
It’s quick, easy and fun to enter! Here is how you enter:
1) Must live in or around Tampa Bay
2) Must “like” the Rossi Construction Facebook Page
3) Leave a post on the Facebook Page describing your ideal home remodeling project.
4) Tell your friends to “like” your post because the post with the most likes wins!
Note: The comment you leave does not have to describe what you will use the one hundred dollar gift card for. The comment can be the most elaborate or creative home remodeling project you can come up with. It’s up to you.
The contest ends at the end of this month – 10/31/14 is the deadline to enter. We will contact the winner, get their contact information and mail the gift card! Good Luck.
Money is obviously at the forefront of every homeowner’s mind when it comes to making renovations, but figuring out just how much one will cost you can be a bit tricky. While home renovations will definitely have an upfront cost, that’s just part of the story—many times updates will increase a home’s value, and these amounts should be factored into the calculations as well. If you’re contemplating a Tampa renovation, but are unsure about how much it will set you back, use this quick guide to help estimate costs. Continue reading “How Much Will It Cost to Renovate Your Home?”
Conventional wisdom, as it relates to your house, is often too much convention and not enough wisdom.
Every year, someone publishes a list of which conventional Tampa remodeling projects will give you the best and/or worst return on your Tampa remodeling investment (ROI).
Remodel a bathroom. Replace the siding. Do not add a swimming pool. Paint it all neutral colors, the kind that appeals to the masses.
It all sounds a bit like advice that your mom and dad might pass along, just applied to your biggest investment.
If return on investment (ROI) is why you bought your home, or why you are planning a Tampa remodeling project, you can stop reading now. This article really is not for someone looking for a return on investment in their Tampa remodeling project.
Are you still there?
You invest in your home to improve the livability first, the quality of life, not the value. If you get more value in the process of your Tampa remodeling project, consider the ROI a bonus and not the primary goal.
If it becomes a matter of return on investment first, you become the person requesting and investing in a Tampa remodeling project that does not make sense for your family. You do not want to be the person thinking of ways for a Tampa remodeling project to make your house less livable.
What are some cost-effective ways to improve the livability of your house?
- Consider foregoing some kitchen cabinets, and adding a walk-in pantry as part of your Tampa remodeling project. A pantry takes up little space, stores a lot and is a relatively inexpensive investment.
- Add a cool shower, the kind that has been designed to meet ADA guidelines as well as one that has bonus comfort features for everyone. A shower does not take up a lot of space, and is a great idea in any Tampa remodeling project.
- Spend more time planning, and less money building when you work on your Tampa remodeling project. If you plan smart, it means you will not spend money fixing mistakes in the near future.
- Spend the money you have on the best products and materials that fit your budget. If granite is not in the budget for your Tampa remodeling project, invest in what you can comfortably afford and put the rest in the bank.
Most of these ideas will never make it to a list of “best ROI for Tampa remodeling projects,” but all will allow you to save money over conventional design strategy. More importantly, all of these ideas for Tampa remodeling projects make your house more enjoyable.
Contact Rossi Construction, Inc. at 813.436.0177 to schedule a consultation for your Tampa remodeling project.