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Why Relocate When You Can Just Add On?

When people find themselves in need of more living space, they often think that means it’s time to move. However, that doesn’t have to be the case. In fact, hiring a house addition contractor to add on to your existing Geneva, IL home might be more beneficial than packing up and moving.

Here are some things to consider when considering a home addition versus a move:

Cost

The first things to consider when deciding whether to move or add on to your current home is the cost and return on investment. Hiring a house addition contractor will cost money, but typically so will moving to a larger home. However, when adding on to a home, the homeowner can apply for a home equity line of credit and, when used for a home addition, is generally tax deductible. Also consider the return on investment that you’ll get with a house addition.

In addition, moving expenses need to be factored into the cost of moving to a new home. Closing costs, taxes, realtor fees, movers and temporary housing and storage all need to be considered when weighing the benefits of a house addition versus purchasing a new home.

Vision

Hiring a house addition contractor for your Geneva, IL home means that you have the opportunity to create the space exactly as you want it, rather than hoping to find a house that already has everything you are looking for. Your house addition contractor can sit down with you to determine your wants and needs for the space, and give advice and direction on things you may not have considered.

In addition, you already know more about the space you’ll be building on than you do about a home you haven’t lived in. What is the ground like, when has the exterior of the home been updated, and are there any plumbing or electrical problems you need to consider. Knowing some of this, and communicating with your house addition contractor, can save you money and help you avoid any mistakes that could cost you time and money.

Stress

Relocating means changes for you and your family. Before putting a sign in your lawn, consider whether you’ll be leaving great neighbors and friends, and how changing schools will impact your children. Even if you are staying in the area, think about how your current home life will change: Will it take longer to get to work? Will the commute be more difficult? What conveniences might you be giving up by moving?

Housing Market

Finally, the housing market can play a role in whether you move or hire a house addition contractor for your Geneva, IL home. In the current market, there is not a lot of inventory of houses, which means that there aren’t a lot of homes to choose from. You may end up in a bidding war and paying more money for a home that you’ll want to renovate anyway.

Hiring a house addition contractor may cut down on stress and provide more value than relocating to a new home. Slaten Residential has an experienced team who can help you consider if a home addition is right for your Geneva, IL home. Call us at (630) 584-2255.

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