A home addition is a great renovation option for households looking for more space. But often times, homeowners fail to calculate the real cost of adding an extra room to their home, leading to unneeded frustration.
As carpentry subcontractors in the Ocala, FL area, we at Steve Allen Construction do plenty of remodels, so we know a trick or two on how to estimate the cost of a new home addition. For the readers of this blog, here are tips to share with clients looking to build a new addition.
Decide on the Size of the Room
Once you’ve made the decision to add a room to your home, it’s a good idea to get a visual idea of the size of the room. Take a measuring tape and measure the length in feet of two sides of the addition you want to make, then multiply the number to get the square footage. If you still can’t visualize it, try measuring one of the current rooms in your home for comparison. Having a clear measurement in mind will keep you from overcompensating on the size and paying extra for unneeded space.
The majority of the cost of your home addition will come from framing expenses. Framing materials can cost between $3 and $13 per foot, while labor costs vary anywhere from $2 to $12 per square foot or more.
Pick Your Fixtures and Specialty Items
If you’re adding anything other than an ordinary bedroom or living room, you’ll need to think about what fixtures will have to be installed. For example, if you are adding on a bathroom, you’ll need to account for the cost of a toilet, sink and shower. You’ll also need to consider the cost of specialty items, such as hurricane-proof windows or imported countertops. Some specialty items will even involve their own permit, such as an alarm system.
Account for Extra Expenses
When it comes to remodels and renovations, unforeseen expenses are inevitable. To be safe, set aside 25 percent of your budget for these unpredictable expenses. You may not need to spend this much, but if you don’t have the money available when it’s needed your construction could be postponed.
Find a Good Contractor
Once you’ve got a rough estimate of what you’d like to spend, search for a qualified contractor to help you complete the job. Find out their cost of labor per hour or per day and ask for a written quote for the expense of the materials that will be needed. If you’ve made accurate estimates, you should be able to find a contractor that can complete the job within your estimated price range. You can also shop around for certain materials yourself, such as flooring, paint and fixtures to ensure that you’re getting what you want for the price you want.
We hope this article helps take away some of the stress of figuring out the cost of a new home addition. Need a framing subcontractor for a remodel job in Central Florida? We can help. Give us a call or shoot us a message through our contact form. We’d also love to talk on any of our social channels.
— Steve Allen Inc. (@SteveAllenOcala) October 1, 2014