As your family grows, you might find that your once-cozy home is now too small for you, your children, and your pets. You may be hesitant to go house shopping again: property prices in Toronto have only going up, and it might not make financial sense for you to invest in a larger home.
Is there a way to add space to your current home? Oftentimes, yes! More and more Toronto homeowners have been turning to other options to increase their living space than moving out. Aside from a basement expansion, one of the most common ways to improve your home is with a second-floor addition.
Is a second-floor addition right for your home? It’s best to consult your underpinning contractor to figure out if your foundations can support the additional load of a second floor. Here are three things you should know:
1. What Are the Benefits?
If your home has worked for you, you probably don’t want to leave it behind. A second floor addition is an improvement to your home which gives you an entire extra floor’s worth of space. Unlike other home expansion methods, such as building out, you don’t need to use up any of your yard space to make your home the size you need it to be.
An extra floor on your home adds quite a bit of value to it. Typically, second floor additions have a return on investment of about 75%. Your home is probably your most major investment, and improving it will be worth it in the long run.
2. What Are the Costs?
Building an expansion to your home is one of the most cost-effective ways to improve it. You can expect your costs to range between $200 and $400 per square foot. While this is more expensive than building your home out, you are saving your limited property space by building up instead.
Your foundation may not be able to support a second-floor addition without some additional underpinning work. An experienced underpinning contractor will be well-versed in-home expansion work, and will be able to give you a good estimate on the additional costs needed for your second-floor addition.
3. Why You Should Hire a Professional
A second-floor addition is not a casual home improvement project. Especially when it comes to your foundations, you should rely on a professional and qualified underpinning contractor. Your safety and peace of mind is well worth the investment to make sure your home won’t collapse or sink.
Underpinning Contractor | NTL Contracting | Toronto, GTA
It’s important to find an underpinning contractor that will give you an honest assessment of your foundations. At NTL Contracting, we make it our business to keep homeowners in Toronto and the GTA safe from foundation problems. To make it easy for you to choose a home expansion plan that works for you, we offer free quotes on any underpinning work you might need.
You’ll be hard-pressed to find an underpinning contractor with more experience than us. With over 25 years in the industry, we’ve demonstrated our commitment to the industry time and time again with our superb customer ratings. All of our work is fully insured, so you can rest easy knowing that your home is in good hands.
- A second-floor addition can be a good way to expand your home without having to use up more land.
- It’s important to make sure your foundations can support the extra load of your second-floor addition. You should have an experienced underpinning contractor examine your foundations before you commit to your expansion plan.
- NTL Contracting is the contractor to go to when you want your home in expert hands. Contact us today to learn more.