How Much Does a Home Addition Cost?
A home addition can be an exciting and expensive project. An expansion may add square footage to your home, but it may also dramatically impact the look and feel of the entire house. How much does a typical single-story home addition cost, and what are some of the most common costs associated with an addition? We’ll break it down for you below.
Developing an addition to your home can be a great way to expand and improve the living space you have. It’s also one of the simplest ways to increase your family’s overall living comfort while creating some extra value if you plan on selling your house. But like any major renovation project, it will cost money.
So How Much Does It Cost?
Keep these prices in mind when estimating the cost of an expansion: a low-cost extension in Metro Manila would cost roughly PHP 15,000 to PHP 18,000 per square meter, while a high-end rate would cost PHP 35,000 and above per square meter to recent prices. Depending on your location, these prices are subject to alter; the closer you get to the large cities, the higher the per-square-meter extension costs. Let’s utilize the average fee of PHP 26,500 per square meter in Metro Manila for this idea book. Without the additional expenditures of architects fees, land registration entries, and Value Added Tax, increasing your property by 4 × 5 meters costs PHP 530,000.
Different factors that affect the cost of home additions include:
- The region they’re located in
- The materials used
- The particular contractor has chosen to perform the work.
The home addition cost will depend on the size of the expansion and the materials you select. A minor addition is going to cost less than a large one. Also, if you use higher-end materials, the cost will increase. Getting your modified gets your house value up when you sell your property.
How to Cut Down on Costs?
The costs of constructing a home increase every year, and there’s just no way to stop them. If you want to cut down on these costs, you need to learn a few ways to do it. Reduce your budget for building the addition. Buy materials that are cheaper but have the same quality and longevity. Use cost-effective construction methods, such as modular construction. Use alternative energy sources that are more affordable than gas and electricity, like solar power. Choose low-maintenance and straightforward materials for exterior walls, like wooden siding. Cut down on the exterior finishes, like brickwork. Cutting down the cost is an efficient way to boost a home’s value for the property’s resale.
While the costs of a home addition vary considerably depending on the type, size, and extent of the project, there are several things you can do to keep these costs under control. Before you start looking into adding a room to your house, make sure you know how much it will cost to plan for the additional expense. Home additions can improve your home. They give you extra space that you may need, and they can increase the value of your property, too. Keeping home addition costs in mind, you can prepare your house for sale at a minimum price.
