Adding an addition to your home in Canton can be a savvy way to increase the value of your property while adding some much-needed extra living space. Still, Additions in Canton MI can be costly–up to $237.403 for an upscale master suite addition, according to a 2014 cost vs. value report by Remodeling.com. If that’s too much for your budget, there are ways to add an addition to your home without straining your wallet. At http://website.com, Here are the best ways to save money and still get good value from a home addition.
Choose the Right Addition
In Canton, recent real estate trends have made some home additions a great value–and some not worth the money at all. For example, in 2014 the estimated value return on a bathroom addition was only 44.5% of the initial cost, while the money recouped on the average wood deck addition was nearly 20% higher than that. If you plan on reselling, do your research and find out which type of addition will have the greatest financial return.
Go Green
Incorporating energy-saving strategies into your addition can make you eligible to receive tax credits covering up to 30% of your remodeling costs, according to TheNest.com. For example, you may want to include solar panels on a two-story addition, or include energy-efficient windows on a sun-room addition. Talk to your local contractor to see what government credits may be available to you.
Keep It Simple
You can save a lot on the cost of large Additions in Canton MI like two-story additions by keeping the architecture simple. Neat geometrical shapes cost a lot less to build than fancy designs that feature odd angles, peaks and turrets. You’ll spend less on both the materials and the cost of labor to get the job done.
Buy Your Own Materials
While purchasing building materials from your contractor is certainly the easiest way to get what you need, you’ll be paying a markup of anywhere from 10 to 30%. Instead, see if you can purchase some of the materials yourself from hardware stores, bulk supply lots or lumber yards. If you’re on a budget, this can allow you to get what you want without sacrificing quality.
If you’re sensible, additions are a great way to increase the value of your home. No matter what addition you’re considering, always work with experienced professionals like the ones at Olson Cement Work and Construction Canton MI.
