And You Will Renovate

By Mark Donovan

Besides providing your home with more living space, a home addition can be a terrific investment. However, before embarking on such a project the homeowner should first consider several important items. These items include: home market values in the neighborhood, financing, size and scale of project, architecture, timetable for completion, personal disruption/inconvenience threshold and the sweat equity commitment level.

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The average cost for a room addition in the U.S. runs between $50,000 and $65,000. You may want to save that outlay by undertaking the effort yourself. But, be prepared.

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A good contractor earns every dime you pay them, a bad contractor will take every dime you have.

There are several reasons good contractors make good incomes. They work hard over many years to acquire a wide set of useful skills. Good contractors almost always started as workmen of one kind or another – carpenter, plumber, electrician, you name it.

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