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Apart from
providing you with more living space, building a new room
addition or property extension, can be a terrific investment
to your property. However, before embarking on building an
addition, to get the most value for your money, you first
need to consider several important factors. These include:
home market values in your neighborhood, financing, home
building costs, architectural and design ideas, timetable
for completion and finally your own personal
disruption/inconvenience threshold. KCD can help you with
all the important decisions, guide you with architectural
and design ideas and produce 3D imaging to show you how your
new space would look…. |
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Designing a Family Room Addition and Assessing Market Value
Before actually breaking ground on your new room addition,
it is best to first have a plan. You need to determine what
you are looking for in terms of additional living space. For
example: How many square feet? What types of rooms? Once you
have made these decisions – and we can help you if you are
unsure - it is then also important to find out the market
value of homes in the local area with similar size and
features to the new and improved home you wish to create.
With this information you can then calculate the difference
between your current home market value and the new and
improved home market value. This difference should represent
the maximum cost budget for the new addition if a positive
investment is desired.
Financing the Room Addition or Property Extension
The next important question involves how to fund the cost of
the family room addition. Unless the project is being funded
via cash/savings then financing will be required. If current
mortgage rates are higher than the existing mortgage, then a
home equity loan will probably make the most sense. If
current mortgage rates are lower than the existing mortgage,
then refinancing the entire home, including the cost of the
family room addition project, may make the most sense for
you. Please refer to our financing section on the home page
or call one of our financial consultants with your concerns
on 1-877-592-1523 and they will be happy to guide and advise
you.
Room Addition Design and Architectural Considerations
Once the financial items have been addressed it is then time
to focus on the size and scale of the project, as well as
the architectural and aesthetics of the new family room
addition. The family room addition should be of size and
scale such that it aesthetically melds into the original
house. It should not be too small or too big. Frequently,
homeowners get carried away and add large amounts of new
living space without sufficient thought on the outside
appearance. From a market value, there is more to a home
than just pure living space. A home needs to maintain its
exterior aesthetics as well. It is important to consider
such items as siding, doors, windows, rooflines, and
elevations. All should meld into the existing home exterior
seamlessly and aesthetically.
KCD can provide you with all the architectural, art and
design ideas to make your addition the most beneficial space
for your family’s needs. Our consultants will show you 3D
images of how your planned addition will look, as well as
dealing with all the city permit and licensing rules and
regulations.
Threshold of Inconvenience and Disruption
Finally, you should consider their threshold for
inconvenience and disruption. A family room addition,
particularly if it involves the kitchen, is very disruptive
to today's busy lifestyles. Whilst we do everything we can
to limit the amount of inconvenience caused to the family,
inevitably construction is by nature a dusty, dirty and
noisy endeavor. For a typical family room addition,
anticipate at least a couple of months of effort and
inconvenience.
At KCD we are experienced in handling all your concerns and
providing the expertise to guide you through your room
addition with the minimum of fuss and disruption to your
busy schedule. Call us today at 1-888-747-1697 for a FREE
CONSULTATION AND ESTIMATE from one of our consultants who
will help you get the most from your property extension. We
will guarantee that building a room addition can be a
positive experience providing both a new living area and a
great investment.
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