When considering a home addition, there are many pros and cons to weigh before committing to what will amount to be a sizeable project. There will be cost, time and logistical issues that need to be taken into account. Some advantages of a home addition may include the following:

•A high cost to value ratio.

In most cases, the cost of the addition will be recouped in the sale of the home.

•Less expensive than moving into a new home.

If increasing square footage is one of the main reasons to buy a new home, this is a cheaper and easier alternative.

•The creative latitude of designing an addition.

For creative and artistically inclined individuals, this can be fun and really personalize the space.

•The easiest way to add additional square footage to your home.

Basements are difficult to maintain and are not always an option depending upon the location of the home and attics tend to incur large climate control costs.

While there are clearly some incentives to adding a home addition, many of these things are only one side of the same coin. There can be some disadvantages as well that should be carefully thought through. Some common drawbacks may include:

•May lose money on the investment when not planned carefully.

Generally, most, if not all, of the value of a home addition is recovered, but this is not always the case. Be open to the possibility.

•Logistical issues with on-going construction.

Construction is a process that often involves strangers on the property, noise, dust and other inconveniences. A contingency plan should be made.

•Increased costs.

Adding square footage will increase utility costs such as heating and cooling, and will also increase property taxes. Don’t forget to factor in any required maintenance costs.

•Loss of yard square footage.

If the property has a small yard, this may be of concern.

Preparing for a Home Addition

There are many things that should be done to protect the property and the belongings inside it before proceeding with a home addition. Protecting against theft and damage is essential for avoiding mishaps and misunderstandings. Be sure to put any valuables in a safe storage area along with any breakables or similar items. Protect against dust by strategically placing dust shields throughout the home. Contractors will be coming in and out of the house, so be sure to secure animals that may escape as well.

If the contractor is not providing the materials for the project, dedicate a space that is easily accessible to the contractors and be sure to keep an inventory of supplies on hand should a misunderstanding arise about who owns what or how much is needed to complete the project. To preemptively guard against untimely or unwanted intrusions, draw up and sign a noise and time work limit clause that specifies the hours which the contractors are allowed to work on the addition.