Are you considering expanding your current home to meet your evolving needs? Prefab home additions and custom home additions offer two enticing options. While prefab additions provide a convenient and cost-effective way to add more space, custom additions allow for personalized touches and increased property value.
Whether you prioritize efficiency or customization, both choices offer an opportunity to transform your current house into the home of your dreams. In this blog, we will explore the benefits of prefab and custom home additions, helping you make an informed decision that suits your unique requirements. Let’s dive into the world of home expansions!
What is a Prefabricated Addition?
Prefab additions are rooms or add-ons that are made off-site and transported to your location where they are reassembled.
Prefabricated home additions can be installed as a separate unit like a guest house, garage, or pool house, or they can be added to the top or side of your home to increase the size of your main structure.
What is a custom home addition?
A custom home addition is a personalized and tailored expansion to an existing home that is designed to meet the specific needs and preferences of the homeowner.
It involves the construction of new space, such as rooms or extensions, that seamlessly integrates with the original structure, enhancing both functionality and value.
Prefab Vs Home Additions
Prefab and home additions are very similar in that both extensions add extra space and rooms to your current dwelling. However, there are also several differences between the two. Prefabricated home additions are built off-site and then brought to your home where they are put together. Because they are premade, onsite construction time is much faster and there is minimal disruption to your day-to-day.
Home additions are built onto your house on site so they take longer to construct and, depending on the type of extension added, will disrupt your daily routine. Building an extension is also far more expensive than purchasing a prefab home addition.
Increasing Property Value: A Wise Investment
Expanding Living Space to Enhance Property Value
A house addition adds a finished living space to an existing home as a type of major home improvement project. Home additions undoubtedly increase the value of your property because of the expanded living space.
You have put in the time, money, and effort to incorporate a home addition, and that investment will pay off if you were to sell your home.
Capitalizing on Current Market Trends
Your home addition plans do not need to be elaborate or complex to see a return on your investment. In any case, home additions will increase your property’s appraisal because the home’s amenities are improved, your house offers greater value than comparable properties, and the current market trends dictate your success.
Creating a larger home is in demand right now thus, the addition to your house will net you considerable benefits, both personal as well as financial. In older neighborhoods that are highly desirable, houses that have invested in custom home additions and have doubled in size have seen double, or triple return in their home’s value at a much faster rate than those in some of the less convenient, newer areas.
Customization and Personalization
Embracing Individuality through Home Additions
Home additions, whether custom or modular, offer homeowners the opportunity to personalize their living environment according to their unique preferences and needs. With custom home addition designs, you have the freedom to choose the size, layout, room types, colors, doors, and more.
Similarly, modular additions can be customized to match your home and personal style, allowing you to select the size, windows, rooms, colors, layout, and doors. Additionally, modular additions provide flexibility in terms of single, double, or stacked options, accommodating both your home and budget requirements.
Because modular additions for existing homes are built off-site and then transported to your property, they are far more durable than traditional home additions. Each panel of the prefabricated addition is designed to be moved from one location to another and installed on your property so it can withstand the jostling, lifting, transferring, and construction.
Meanwhile, custom home additions provide a unique opportunity for existing structures to be strengthened and foundations reinforced during the renovation process. Not only is the home addition itself installed onto your property so it can withstand the lifting, jostling, transferring, and construction, but the existing structures and foundations can be supported with extra safety as well. Reinforcing a building’s foundation is notably important if you want to build a custom home addition. The home builders will ensure the foundation is strong enough to handle the additional weight. The material will be more durable with reinforcement so that it is better able to prevent cracking and resist moisture.
There are many environmental benefits to installing a modular addition to your home. Because they are made off-site, there is no wasted of materials so less resources are used. Prefabs are made using durable materials that last so you do not have to replace the features as quickly as you do with other additions.
Prefabricated home additions also take far less time to install so contractors use less fuel and energy to add the unit to your property. Many prefab additions are made using five-star, energy-efficient windows, doors, insulation, green roofs, and recycled materials.
Cost-Effectiveness: A Sensible Financial Decision
Evaluating the Financial Advantages of Home Additions
Generally speaking, it is cheaper to build an addition to extend your living space, than to buy or build a new home altogether. There are so many additional costs that go into purchasing a new property such as moving costs, home inspection fees, new home warranties, and so much more.
At the very least, the closing costs involved with buying the new house and selling your old one would push this option over the top.
Avoiding the Expenses of Relocating and Associated Fees
Renovating your space to accommodate a custom home addition is not without its challenges. To save on stress, it’s important to strategically plan ahead to maximize cost savings. Hire experienced custom home builders who can work within your budget and supply cost-effective materials and construction methods. Assess long-term energy and maintenance plans to save throughout the renovation process. Consulting with professionals is your best bet to save on hidden fees and emphasize taking a cost-effective approach.
On the other hand, prefab home additions cost considerably less to install than built-on home additions. Where home additions can cost over $100,000, modular additions come in different sizes so you can design one that fits your budget. Because you are buying a prefab, the upfront cost does not change. When adding an additional room or section to your home, a contractor will give you an estimated quote that can change when construction begins.
Starting Plan An Addition To Your House?
When life brings changes and your current home no longer meets your evolving needs, both custom home additions and prefabricated (prefab) home additions offer practical solutions. Upsizing to a new house may not be ideal if you love your neighborhood or location, and selling your property can cause inconveniences. Custom home additions provide the opportunity to expand living spaces, reinforce structural integrity, and customize designs to match your style and preferences. Upgraded bathrooms or kitchens not only enhance your daily life but also add value when selling your home. Similarly, prefab home additions provide a convenient way to increase space and room count, but keep in mind there are fewer options for customization.
While both options can increase your property value, some appraisers see more value in custom home additions. When you’re ready to start building your custom home addition, turn to the experienced custom home builders at Black Pearl Custom Homes to explore the options available for your home in Toronto or the GTA.