Home Additions VS Basement Lowering

Basement Lowering Vs Home Additions

Sometimes your home space can be small to accommodate your growing home or you may want to accommodate a large family from your neutral to the extended one or alternatively, you may want to work from home and definitely need a workshop. This will call for an alternative to make your house larger to be able to accommodate everyone or accommodate all your large working tools all under one roof.

The most common methods used to enlarge your premises or create a bigger space include home addition method, and the basement lowering method.

Home addition involves remodeling, improving or renovating ones’ existing home. Home addition may entail both interior and exterior projects, the interior projects includes plumbing, electrical while the exterior projects involves masonry, concrete, and roofing while the basement lowering is  the process of digging under the existing basement floor or footings and the walls supporting the house and by also extending the walls downwards to a desired size.

A lot of factors have to be put into consideration before selecting the best space addition method. Some of these factors include:

  1. Space

In lowering the basement it provides additional space which can be used as home theatres, store for photo albums, workout equipment and many more of the kind but there are purposes that an additional space can do.

In most cases basement underpinnings are created with separate entrance and would be qualified as legal apartments after completion. This creates opportunity to use lower part of your house with many different possibilities.

If the lot space is limited the underpinnings is a better option for your house to create the extra living space.

The main aim of home addition by homeowners is usually to create more space, either for storage space for workout equipment, bikes and much more.

Home addition with rooms added to the side of one’s home and sometimes with extra levels to the original roof can turn into home offices, guest bedrooms and much more.

  1. Money

In basement lowering most of the cost goes towards digging and plumbing upgrades. By spending money on underpinning, homeowners are upgrading their current structure as well as possible plumbing and HVAC issues Waterproofing is also performed and rebates are issued to clients. Alternatively, it is less expensive since you just working on the already established structure.

Given the current economic times, one can choose to build a complete bedroom and bathroom and rent out to get an additional income. The method incurs a lot of costs since it is basically establishing a new structure adding it to the existing one. The ability to rent it out helps to recover some of the extra cost incurred during the process of home addition. In most cases the intention of the addition is not for rental but to enlarge living space.

  1. Value

Having more living space at your home can create a big difference in the future in terms of the value of your property this is mostly projected by the additional space created during home addition. It will make your house look spacious and definitely in case you want to sell it out you will be able to have a high bidder price for it.

Basement lowering on the other side also adds value to the home at a long run. The lower finished level will create a dollar more than the upper level of the house. The level of the feet one can pick up is relatively inexpensive compared to when adding to the living space.

  1. Permits

Basement lowering drawings and permits are usually faster approved by city. In Toronto permits for basement underpinning average $2200 in cost and are approved within 3 weeks of time. The inspection will be performed in 3 stages.

The construction and addition permits will vary by size and complication. Normally ranging from $4000 to $10000 to complete all drawings with architect and permits approved by the city. It may take as long as 6 weeks from the time all documentation is submitted to the city.

  1. Time

Basement lowering is time consuming and really labor intensive. But surprisingly enough for the clients it is much faster than other types of constructions or renovations. Average time for underpinning 700 sq ft basement with all plumbing and waterproofing features is 6.5 weeks.

Home addition takes a lot since it’s like building another house in addition to the already existing house. It requires a plan that has to be approved and it takes a lot of time to be completed. The building of the house and the finishing of the whole new structure takes twice the time than similar square footage underpinning.

As discussed above the two methods of creating a spacious home are all effective as they are recommended for use. However, underpinning turns out to be more effective as one can recover the cost of adding a home by renting it out.

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