Can cost considerably less per square foot than bathroom, laundry room, and kitchen additions because they don’t typically involve plumbing fixtures, stone or ceramic tiles, or major appliances.
Still, a sizable 16-by-25-foot family room addition costs an average of $15,000 to $30,000, according to industry sources for the Phoenix Valley. Of that, you can expect to recoup around $9,000 to $18,000 (or about 60%) when you sell the house.The highest rate of return on a family room addition is in the Southwest and South central portion of the country. The lowest payback is in the upper Midwest, where the average payback is about 50.5% return.Wherever you live, however, the key to maximizing your return is to avoid over-improving. That means building a family room addition only if neighboring houses of similar style, size, and value tend to have family rooms, says appraiser Bryan Flaherty. If that’s not the case, there are lower-cost ways to achieve a similar transformation of your house: You could knock down interior walls and convert your dining room into a family room, finish the basement to create a family room, or simply use a spare bedroom or above-the-garage bonus room. But all of these options require compromises—such as having your family room far from the kitchen or giving up having a formal dining room—that you don’t have to make when you build a family room addition. And as long as you’re staying put for three to five years to enjoy the new space, you’ll get so much use from your family room addition that recouping every dollar back when you sell shouldn't’t be a prime concern. Our company have an in-house architect and in most cases provide architectural services at no additional cost.
Still, a sizable 16-by-25-foot family room addition costs an average of $15,000 to $30,000, according to industry sources for the Phoenix Valley. Of that, you can expect to recoup around $9,000 to $18,000 (or about 60%) when you sell the house.The highest rate of return on a family room addition is in the Southwest and South central portion of the country. The lowest payback is in the upper Midwest, where the average payback is about 50.5% return.Wherever you live, however, the key to maximizing your return is to avoid over-improving. That means building a family room addition only if neighboring houses of similar style, size, and value tend to have family rooms, says appraiser Bryan Flaherty. If that’s not the case, there are lower-cost ways to achieve a similar transformation of your house: You could knock down interior walls and convert your dining room into a family room, finish the basement to create a family room, or simply use a spare bedroom or above-the-garage bonus room. But all of these options require compromises—such as having your family room far from the kitchen or giving up having a formal dining room—that you don’t have to make when you build a family room addition. And as long as you’re staying put for three to five years to enjoy the new space, you’ll get so much use from your family room addition that recouping every dollar back when you sell shouldn't’t be a prime concern. Our company have an in-house architect and in most cases provide architectural services at no additional cost.
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