Plan a Home Addition? Here are Some Ideas and Benefits in Toronto
Whether you are building up or building out, there is plenty to consider when planning a home addition in Toronto.
In the planning stages, you’ll want to draft in the professionals. Once you know what type of space you want, what style and function you want it to take then you’ll need a professional design drawn and a team to implement the addition itself.
The type of addition you choose will be dependent on what type of space you are after.
Benefits of a Home Addition
Gives you more living space.
Extra room for family members and guests.
Home additions increase the value of your house.
It is cheaper than moving.
Gives your house a new look.
If you love the outdoors then adding a screened in porch, or perhaps a three-season room, is the addition for you. These are relatively inexpensive additions that allow you to enjoy the outdoors, without dealing with pests. These rooms can cost as little as $5,000. It isn’t the choice to make if you are looking to add resale value to your home.
Ideal for regions experiencing moderate weather- park your car outside and convert its former home into a living room, master suite, or the ultimate guest paradise. The basics are already in place with walls, foundation and electricity done. This change costs around $7,500, which will be dependent on your wants and needs in the space.
If you’re not in a position to build out, then it might be time to build up. If you need more living space, but you live on a small lot this is the choice for you. It is a major expense, though. However, it adds square footage to your home and increases value.
It can cost anywhere from $100 per square foot, right up to $500. It requires a building permit and an exhaustive check of regulations and codes before your project can begin. There is also a danger in putting your home out of character with the rest of the neighbourhood, which could make resale a difficult proposition.
A creative solution that enhances your home’s curb appeal, and it’s cost effective. It provides your home with natural light and creates additional space. It is cost effective; however, it is an expensive proposition, and costs start at around $20,000.
Everyone knows one bathroom is not enough, so creating an additional one is an excellent investment choice. A bathroom addition will set you back around $30,000, but it increases your home’s chance of selling when the day comes.
The Bonus Room
If you are lucky enough to have an unfinished basement, you can create an amazing space. Whether you want a family room, media room, a guest suite, or games room- an extra room is golden. You aren’t building from scratch, so there’s less to be done. It can cost as little as $5,000 depending on what your plans are.
Any of these additions will add resale value to your home, as well as enhancing your living space now.