Reasons for Moving:
When homeowners are surveyed regarding their reasons for moving, here are some of the most common reasons given:
- Home is too small: First time home-buyers often outgrow their starter home – particularly when they begin to have children.
- Dissatisfied with layout or desire upgrade: Homeowners report that they could not predict problems with the layout of their home, until they had lived in it. Other homeowners simply grow increasingly dissatisfied with the outdated appearance of their home.
- Job location changes: A new job, promotion or relocation may also mean a longer or more congested drive to work, prompting homeowners to consider moving closer to their place of employment.
- Empty nest: Similar to a home being too small for an expanding family, homes can suddenly feel too large and overwhelming after the kids are grown and have moved out.
All of these issues may be solved more economically and with a lot less hassle and stress by adding an addition onto a currently owned home, rather than buying a new house.
Building an Addition Solves Many Moving Problems
People typically build an addition to solve a problem – like when they have children and discover that they need more space, or when the space they have just doesn’t seem to function the way they would like. However, these problems can often be solved simply by building an addition or expanding a room. Here are some reasons why building an addition may make more sense than moving to a new home:
- Adding More Space or Converting the Space You Have Is Easier: Tabor’s most popular one-room additions include a new kitchen, an inviting sun-room, a grand master-suite, or a cozy family room. Other more whimsical additions include a surround sound movie theater, a family game room, an indoor gym with hot tub and sauna, a band practice room and a sunny greenhouse with an indoor Endless Pool.
- More Affordable: Building an addition onto a house that you already own is typically less costly than buying a new home that equals the space of your current home plus the addition – not to mention the closing costs involved in buying a new house and selling the old one.
- Taking Advantage of Economies of Scale: Keep in mind that the cost of adding another level on top of a new addition is negligible in comparison to building a single room on a main level. Many folks take advantage of this ‘economy of scale’ principle by building a family room on the main level with a master suite above it, or a kitchen expansion below with a guest bedroom above.
- Hold on to Your Equity and Increase Home Value: Building an addition will increase the value of your home significantly when it is built correctly. Most of the construction costs are returned when you sell your house. Remodeling Magazine publishes an annual cost-vs-value table for some of the most common remodeling jobs – comparing the average cost of a remodeling project with its resale value in approximately 100 cities across the nation.
- New Home, Same Neighbors: For families that have grown out of a smaller house, but generally love their home, neighborhood or schools, building an addition is often the ideal solution, and is typically much more affordable.
- New Job, Longer Commute –Why Not Telecommute?: Switching jobs or relocating to a different office can often be a double-edged sword if the new job is farther from home. Increasing family income while simultaneously increasing commute time may create family strife and discord when a spouse or the kids are adamant about remaining close to friends and schools – meanwhile the long commute is taking a toll on a family breadwinner. With telecommuting on the rise, many employers are permitting employees to work from home – at least partially. Building a new office suite may be the answer to long commutes.
- Turning an ‘Empty Nest’ into a Golden Egg: Many parents of grown children weigh their reluctance to leave their family home after their children are grown with a desire to downsize to a smaller space that is more manageable. By converting some of the space in an existing family home to a small apartment, these parents are able to either rent out the extra space, generating added income for their retirement, or offer an independent living space to children who ‘return to the nest’ for whatever reason.
- Space Can Be Customized to Fit Family Needs: When you work with a designer you can create your own modifications to fit your needs and desires. For instance, if you are building a new kitchen, you might find it practical to add a mud room with lots of pegs for coats and backpacks and a cubby for boots, gloves and hats. Or, if adding a family room, an entire wall of recessed shelving might be an ideal solution for showcasing all of the kid’s trophies or dealing with the clutter caused by your spouse’s stacks of books and journals. You might find it useful to add extra closet space, an upscale bathroom, or a private dressing area when planning your master bedroom suite.
- A Personal Reflection of Style and Taste: Best of all, a new addition is a total reflection of your personal style and tastes – limited only by budget, space, and imagination. Working with the Tabor design team, you are able to narrow down choices and options. Using our Virtual Design Software, we can easily configure literally millions of design options – all the way down to choosing fixtures, paint colors and furniture. Our state-of-the-art design technology enables you to see what your new home addition will look like – from both the inside and outside, before the first nail is ever driven.
Before You Call a Realtor, Call Tabor Design Build
And Explore the Possibilities of a New Home Addition!