“Should we buy another home, or renovate the one we’re in?” is a common question that homeowners will eventually face, usually due to a lack of space. Many people are discovering that moving isn’t their only option if they are feeling cramped in their existing home. Instead, after weighing the cost of a renovation against that of buying a new, or older home, more and more people are choosing to put on an addition and stay where they are.
Buying and selling homes is a costly process with many hidden fees, as well as expected expenses. There is also the job of finding a new place to live, while selling the home you’re in. If you like your home and neighbourhood, want to keep your children in the same school, and the only thing motivating you to move is a lack of space, you will definitely want to consider putting on an addition. You can expand the space in your home a number of ways – by utilizing the area above the garage, or by building out onto your lot. Whichever route you go, an addition is not only a sound investment in your home, but in the quality of your lifestyle, as well.
Following are some typical spaces that homeowners wish to create, or expand:
- Great Room
- Eat-in Kitchen
- Family/Recreation Room
- Sun Room
- Bonus Room – e.g.. over the garage – there is plenty of space here to create the master bedroom of your dreams complete with walk-in closets and ensuite, or an in-law/nanny suite.