Home Addition vs. Home Renovation: Which is Right for You?

Homeowners often face the dilemma of deciding between a home addition or a home renovation. Both options can add value and improve the functionality of a home, but which one is the right choice for you? Here are some factors to consider before making a decision.

What is a Home Addition?

A home addition involves adding square footage to your existing home. This can be done by building an extension or adding another floor. A home addition is a good option if you need more space, have a growing family, or want to add value to your home. However, it can be costly and time-consuming.

Here are some things to consider before opting for a home addition:

Budget:

Home additions can be expensive, so make sure you have a realistic budget in mind before starting the project.

Permits:

Depending on the size and scope of the addition, you will need permits from your local government.

Timing:

Home additions can take several months to complete, so make sure you have a place to stay during construction.

Design:

Work with an architect or design + build contractor to ensure that the addition blends seamlessly with the existing structure of your home.

What is a Home Renovation?

A home renovation involves updating and improving the existing structure of your home. This can include updating the kitchen or bathroom, adding new flooring or lighting, or replacing windows and doors. A home renovation is a good option if you want to improve the functionality of your home without adding square footage.

Here are some things to consider before opting for a home renovation:

Budget:

Renovations can also be expensive, so make sure you have a realistic budget in mind before starting the project.

Permits:

Depending on the scope of the renovation, you may need permits from your local government.

Timing:

Renovations can take several weeks to complete, so make sure you have a plan in place for living arrangements during the project.

Design:

Work with a designer or design + build contractor to ensure that the renovation meets your needs and complements the existing structure of your home.

Which is Right for You?

Ultimately, the decision between a home addition and a home renovation comes down to your specific needs and budget. If you need more space or want to add value to your home, a home addition may be the right choice for you. If you want to update and improve the functionality of your existing space, a home renovation may be the way to go. Consider your budget, timeline, and design preferences before making a decision.

Since 2006, Prospect 30 Eight Construction has been building top-quality custom homes, home additions, and Accessory Dwelling Units (ADUs) throughout the Denver Metro Area and the Front Range. If you have any questions, please contact us for a free consultation.