Our homes should suit our family's needs. Sometimes our needs change as our families expand with children. Some of us must consider how to accommodate aging parents and family members. So, what are the options when your home isn't big enough to accommodate changes to your family?
Since the start of the COVID-19 pandemic in 2020, Long Island home prices have skyrocketed and haven't yet returned to Earth. According to Newsday, Long Island home prices have increased by 66.2% from 2013 to 2022. Additionally, average home interest are ~7% as of February 2023. Not to mention, purchasing a new home always comes with added expenses of remodeling and unexpected problems. With these factors in mind, purchasing a newer, larger home is not always the most cost-efficient option.
What are some other options homeowners have to make their home work for them and their expanding families?
Dormers
Looking to expand your ranch? Have limited land to expand on? A dormer could be right for you. You could even convert the top floor dormer into an apartment for a family member or to make extra income.
Extensions
Need a little extra space in a specific room and have some land to spare? An extension could help make your room larger.
Additions
Need more space but don't have the land to forfeit? Consider adding an addition to your home and build up! Additions give your home more living space. without forfeiting your yard as additions are vertical, not horizontal like an extension.
Basements
Finishing a basement provides your home with an entire additional floor of living space. Finished basements are ideal for children's playrooms, recreational rooms, storage, and even separate living spaces like apartments for loved ones or rentals.
Contact Redstone Renovation today if you're looking to expand your home. We will talk you through the various options and help you decide what is the right choice for you and your family's needs.
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