You have looked at model homes, studied friend’s homes in Myrtle Beach and collected home magazines and maybe even come up with your own style to motivate your dreams. You have a clear budget in mind, a goal, and possibly a binder filled with brochures, photographs of model homes, clippings and back-of-an-envelope sketches. But you’re not quite prepared to begin your home renovation project.
First Ask These Home Renovation Questions
1) If you were building a new home – what would the design look like? “It’s so tough to imagine what is already there,” states New York City architect Dennis Wedlick. “So forget about your existing residence and imagine you’re starting from scratch and discover the ideal house.” This frees you to get creative about exactly what you want– and assists to prioritize your goals for the task. Then you can look for ideas to turn your Myrtle Beach home into that dream residence, through a redesign, room addition or a combination of both.
2) Will the addition increase the value of your home? Even if you have no plans to sell your home any time in the near future, you (or your family) will sell sooner or later– and you may also refinance, qualify for a reverse mortgage or get a home equity line of credit, for which you’ll want the very best possible appraisal of your house. Always take into consideration the resale value of your home improvement plans. You provable will not turn a profit on your financial investment however, you will need to enter into the job with sensible expectations about repayment.
A room addition is often more costly than a remodel and will often be less of a return on your investment. Studies have shown the following expected return on your investment:
- A two-story addition usually with a living/family room downstairs and master suite upstairs (65 percent)
- Master-suite-only addition (63 percent)
- Bathroom addition (53 percent)
- Sunroom addition (49 percent)
To maximize your repayment, add features that are highly sought after in your area. If your next-door neighbors has a Carolina or Sun room and you don’t, then that’s an excellent financial investment, says Omaha appraiser John Bredemeyer, past president of the Appraisal Institute.
3) Is there a lower-cost option to obtain what you desire? The lack of repayment doesn’t suggest you should not add onto your home — presuming you’re doing the work for your own enjoyment and intend to remain in the house for at least 5 years. But it does suggest you may wish to try to find ways to lower the expenses of your project. And the best method to do that is to look for ways to remove or reduce the have to additional– using the attic or bonus room above the garage or by just reconfiguring existing living space.
4) What are the zoning restrictions? A lot of towns have guidelines about what you can construct where– including when a Myrtle Beach home renovation. For instance, though local zoning laws vary, in a house, you’re usually not enabled to construct anything within set number of feet of the front of your home or either side, or so many feet of the rear, in accordance with the American Association of Code Enforcement. There are also guidelines about how close you can get to wetlands and what does it cost? of your lot can be covered with impenetrable materials (including both structures and paving)– along with how tall buildings can be, which can restrict additions that increase rather of out. Talk to your regional building department as you begin your project planning.
In the Myrtle Beach area, many housing developments have Home Owner Associations with their own set of guidelines. Submit your project to the board for approval before you begin to save litigation down the road.
5) How will your addition tie into the house? Adding onto a house needs a little bit of finesse to make it look like it belongs– while benefiting from all the contemporary features offered today. You’ll need to consider:
- How the roofline links to your house
- How you’ll enhance the style of the house
- Finish products like the windows to the utilities and cooling and heating
- And at the same time produce a practical, modern-day area that will provide maximum advantage to your family without being extreme
That’s a tall order for the average property owner– or even lots of home improvement contractors — to get right, so consider employing an architect or designer to assist develop the best possible plan.
6) What does it cost? How much do you expect to spend on your addition? Considering that every home, every website, and every household’s dream list are various, the only method to get a reasonable estimate for your specific task is to talk with local specialists. But as a general standard, expect to spend anywhere from $100 to $200 (and up) per square foot.
The best idea is to call your local home improvement specialist before starting any project. They can help you determine the cost, time frame and give you a rough idea of the return on investment. Contact Home Remodel Experts now.
Home Remodel Experts
Myrtle Beach, SC 29577