Adding an extra story to your house can be a great idea if you really weigh the decision. Though it may seem relatively straightforward initially, it can actually be a complicated decision. Approaching this decision from multiple angles will help you decide if adding an extra story to your home really is a good idea for you.
Ask if it Makes Sense
The first question that you should ask yourself when it comes to adding another story is whether or not it makes sense. Ask yourself if it would add value to your home over the long-term, if the functional benefit will really outweigh the cost, and if adding a story to your home will actually fit your budget.
Understand Your Costs
When it comes to construction projects, it’s important to recognize that mistakes are not only possible but to be expected. And when you plan to do a remodeling project, the likelihood that there will be mistakes only goes up because the engineers and builders aren’t able to fully assess the building site until the project begins.
So, you’ll have to budget accordingly. About 10 to 15% of your budget should be allocated to fixing mistakes. After adding this amount to your previous budget, review it thoroughly to make sure that you really have an accurate estimate. Having an accurate estimate will help you set your expectations correctly.
Understand the Structural Implications
When it comes to adding a second story to your home, it’s important to not only consider if the cost and the hassle will add enough value to your home to warrant the construction, but it is also important to consider how adding a second story will impact the structure of your home.
Adding another story to your home will add significant weight to the original framing and can inadvertently compromise your home’s structure if not done right. Be sure to consult with an engineer to determine if adding another story if it is possible to do and keep your home structurally sound. Even if the answer is yes, think carefully about possible long-term repercussions.
Deciding whether or not to add an extra to your home can be complicated at first. Figuring out if it really is the best option for you requires you to think about a variety of different factors. Thinking about the factors in this article can help you get off to a good start.
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