Adding space to your home is an exciting way to increase your living area, boost your property value or simply make space for your growing  family. If you’re considering a home addition, understanding the financial implications is crucial. The cost of your home addition can vary widely depending on the size of the addition, the type of materials used, regional price differences and the build implications of adding on to an existing space. Here’s a comprehensive guide to help you navigate the potential costs of expanding your Florida home this year.

Let’s talk selections | Builder grade vs. Luxury grade

→ The quality of materials directly correlates to the installation outcome and longevity of your renovation. Some builder grade materials have a place in the industry as easily accessible and budget friendly options. However, the expectation of how materials will function and stand the test of time should be adjusted according to the quality and initial investment required.

→ A luxury or elevated selection, will not only strive to serve you for years to come, but may also serve aesthetically which gives back double fold on your investment. The customer service and warranties from luxury sources, should issues arise, often brings peace of mind and is another aspect to consider.

→ Partnering with an expert in residential design and remodel will give you guidance in selecting your materials. For example, the inner workings of an elevated vanity faucet brand will be significantly different than a faucet sourced from a local box store.

→ Furthermore, even the very same faucet will likely be different when sourced through a verified vendor vs a big box store, but you may not be able to tell from the exterior. The tile industry will often sell second and third cut tiles, which may be fine in some applications but not if you want small grout lines and low lippage.

How much space are you adding &  what kind of space is it?

→ The amount of square footage you are adding is a major factor in the cost of your addition but the kind of space you are adding will realistically have a greater impact on the level of investment.

→ More often than not additions include a kitchen, bathroom or master bedroom–these  are the most expensive rooms to build, renovate or remodel.

Build implications when adding to your existing space:

→ Everything that the addition touches – walls, windows, electrical, plumbing, roof etc., will need to be brought up to current building  code.

→ You will need to extend your roof

→ You will most likely  need a new or bigger air conditioner and an upgrade to  your HVAC system

→ You will need to run new electrical and plumbing

Level of project management & expertise:

→ Hiring a contractor vs. Hiring a full service design build: The cost of hiring professionals varies depending on the level of projectment management you desire, the kind of expertise you would like and the items included in the service you choose.

→ If you are looking for a contractor to simply pull permits, demo, build, and install then you should keep in mind that you will need to pay for architectural plans to be drawn, purchase, order and manage delivery for all your materials and may have a few unexpected costs or labor burdens not originally anticipated. 

→ If you are looking for design and selection expertise, plans prepared for you, permitting, ordering and receiving, and high level project management from project start to completion then you may go with a design build company. While this may increase you investment, it will also ensure the quality and success of your addition.

→ Permits and Inspections: Florida has specific building codes and regulations for home additions, which require permits and inspections. These can add to the overall cost, especially in areas with stricter regulations.

Adding space to your Florida home is an investment that requires careful planning. The decisions you make—such as choosing between builder grade and luxury grade materials will impact both the cost and the long-term value of your project. Partnering with experienced professionals, whether it’s a contractor or a full-service design-build firm, can also make a substantial difference in the quality, success, and level of investment of your home addition. With the right approach, your expansion can not only enhance your living space but also increase your property’s value, providing a comfortable, and stylish environment for years to come.

Contact us today to discuss your needs and explore the best options for your space.

You can reach us via email at hello@parkandpatina.com, via call/text at (321) 231-2445 or use the below link to schedule a 15min discovery call! Our team of experts is here to assist you every step of the way.

https://calendly.com/parkandpatina/quick-15-min-discovery-call