Has your family grown since you purchased your home? Is your home no longer large enough for your growing family? If so, you have two options. You could sell your home and buy a larger house, but this can be very time-consuming. Finding a buyer can be challenging, and the time between the closing and the contract takes time. According to Millionacres, it can take an average of 45 days to close on a house if everything goes smoothly. It can take close to a year to sell your home and close on your new one; therefore, this may not be the best option. You could consider building a second story on your home.
If you aren’t sure if ripping off the roof to add another floor is worth the time and hassle, you should consider the benefits of adding a second story to your home.
#1 Gain More Living Space Without Relocating
You may not want to leave your neighborhood if you have been living in your home for a while. If your family has friends in the area, moving will be difficult. In addition, if you choose to move, your children won’t be in the same school district and they will need to leave their friends behind.
If you add a second story to your home, you will have the space you need for your growing family, and you can stay in your neighborhood.
#2 The Size Of Your Yard Won’t Be Affected
To save time and money, many homeowners with space issues will put an addition on their homes to add a room or two. While this will solve your space issue. According to The Spruce, a typical addition will use up additional space on your property, resulting in a smaller yard.
If you don’t want your yard to be affected, adding a second story is the best option. Adding a second story will allow you to add multiple bedrooms and even another bathroom, and it won’t have an impact on your yard’s size.
#3 You Can Redesign the First-Floor
Building a second story on your existing home requires a lot of work. You will need to upgrade your home’s foundation so it can support the extra weight. You will also need to replace the roof and many of the first-floor walls will need to be taken down to the studs. Although this is a lot of work, its a great opportunity to upgrade the first-floor.
For example, if you want all of the bedrooms to be on the second floor, you can use the space from your first-floor bedrooms to expand you kitchen or living area, making your home more comfortable and functional. With the walls taken down to the studs, you can create a new floor plan that will benefit your family.
#4 Increase the Value Of Your Home
The value of your home is based on the livable square footage. By building a second story on your home, you can double your home’s square footage, increasing its value. If you decide one day that its time to move, you can increase the selling price significantly more than you paid, and with a larger home, you will attract more interested buyers and will receive more offers.
You don’t have to sell your home and find another if you don’t have enough space for your growing family. Building a second story on your home will give you the added space you need, without taking up too much space on your property. In addition, you won’t have to leave your neighborhood and friends behind. Finally, selling and buying a home can be expensive and very time-consuming; therefore, adding a second story could be the best choice for your family.