Is your home becoming too small for your growing family? Do you want that big kitchen you’ve dreamed about for years? Or what about that master bedroom suite? Reagan Homes of Groton, CT can help you achieve your dream home in style!
The easy solution would be to put your current home on the market and go out looking for a new home that better meets your needs and wishes. But that’s not always practical for many people, especially those who love their current neighborhood and the area they live in. What may be more practical is to add onto the existing home. But before you hire a contractor and plan out your home addition, there are some things you need to know first:
- Want vs. need: Say you want to add on a master bedroom suite. It’s important to separate what are absolute “must-haves” versus what could be expensive luxuries. For instance, if a bathroom is a must-have, maybe a Jacuzzi tub or heated floors are luxuries you can explore, but live without. Make a list of each and price items accordingly to better come up costs and how they stack up against your budget.
- Paying for it: It’s estimated that low-end additions minus any mechanical work cost in the neighborhood of $100 to $130 per square foot. Generally, most experts say after you obtain an estimate, you should always add at least 10 percent to it. That said, what’s your plan in terms of paying for an addition? Are you taking out a home equity or home improvement loan? Do you have money in savings? Do your home builders offer financing options? Will you refinance your home? Don’t underestimate the cost of a home addition and always have a payment plan in place before any contractor breaks ground.
- Permits and HOAs: Before your addition begins, you’ll always want to check with the city and your homeowner’s association (if applicable) to see if there are any laws or ordinances that could impact the addition you want. Also, expect building inspectors to be out at your property at various stages of the addition once it’s green-lit to inspect things like plumbing, electrical wiring, etc. A good contractor will pull all the necessary permits and work with the city on your behalf.
- Inconvenience: All home additions are an inconvenience, no matter how small or how large. There’s dust, noise and people coming and going throughout the day. With this being said, you and your family will likely have to adjust your lifestyles for the time being. If the noise and mess becomes too great, you may even want to move in with family members or line up temporary accommodations while the addition is taking place.
For more information on what you should know about home additions, contact Reagan Homes today. The Southeastern Connecticut-based company is an experienced general contractor that can help take your home addition from concept to reality in an easy, convenient manner. Contact the company at 860-460-4857 today.
Meet Reagan Homes Of Southeastern, CT
Groton, CT’s Premier Home Builders For Additions
Expert home builder and developer, Dave Reagan of Reagan Homes has been specializing in custom, premier, and high-quality constructed homes for over 30 years. The team at Reagan Homes has an exceptional reputation within the Southeastern Connecticut communities. Expect to be astonished by the continued level of excellence and detail from Reagan Homes in Groton, CT, Mystic, CT, Waterford, CT, East Lyme, CT, Stonington, CT, Old Lyme, CT, Essex, CT, Old Saybrook, CT and New London, CT.
To start your journey towards your dream home in Southeastern CT or to learn more about our home packages, contact Reagan Homes today!
197 Long Wharf Road
Mystic, CT 06355