Smart Gains! Tony Alushi CHRRS - HOME IMPROVEMENTS THAT IMPROVE VALUES

before even a single nail is hammered.

FACTORS AFFECTING THE COST OF A NEW ADDITION

A common question that homeowners ask is how much a new addition will really cost after an estimate is provided. There is often wide variance. The answer, however, is more elusive, as adding on to any home—whether it is building out from the pre- existing footprint or adding a new level on top of it—is subject to a host of complex factors.

These factors may include (when applicable):

• Architectural design • Site preparation (demolition, excavation) • Concrete work • Support structure (standalone and/or in conjunction with existing structures) • Roofing materials • Siding • Ceilings/Walls

• Carpentry • Inspections • Electrical and Lighting • HVAC • Carpeting • Window installation

HIDDEN COSTS

As a consumer, it is in your best financial interest to minimize costs when adding a new home addition. One of the first places to keep an eye out for hidden costs is the remodeling contract. 78

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