When you are extending your home, we recommend having a detailed design discussion before implementing the construction. Our simple ground floor extension idea may work for you just like these for the second storey renovation.
The decision to add a second storey to your property can be a big one. Not only will you need to consider the cost, but also the impact on the environment and your property value.
In this section, we will take a look at some of the things you should consider before making this decision.
How much will it cost to build a second storey on your home?
Second storeys are a common request for homeowners wanting to add more living space to their homes. But what does it cost? Factors such as the size of your home and the location will affect the price, but it can be anywhere from $5,000 – $60,000.
When you’re planning to build a second storey on your home, it’s critical to get a professional opinion. Professionals will help determine whether your house can support the extra weight, what materials should be used, and how much it will cost.
What type of building permit do you need?
A building permit is a written authorization to construct, demolish, or change the occupancy of a building. It is also a legal document that contains information on the type of work being done, the scope of work and any other pertinent information.
In Canada, there are two types of building permits that you need to apply for when adding a second storey to your house. One is a building permit, and the other is a zoning permit.
1) Building permit: This is for the construction of the new second storey, including adding foundation, framing, roofing, exterior cladding, plumbing, electrical and other such building components.
2) Zoning permit: This is for the use of the second storey space. You would need to apply for this permit from your municipality or a building inspector before anyone can live or work in the second storey space.
Do you have enough space for a second storey?
Many people dream of having a second storey, but the question is: do you have enough space for one?
The answer to this question depends on what you want to put on the second storey. If it is just a bedroom, then there should be no problem. But if you plan on adding a living room or an office, then you need to make sure that your house has enough space for it. The only way to know for sure is by measuring your house and calculating the square footage of each room in your house.
What is the zoning like in your area?
The zoning in your area will determine what you are allowed to do with your property. This is important to know before you start adding a second storey to your home.
Zoning is a legal term that defines the type of use that can be made of a particular property. For example, if your property is zoned for residential use, it means that you can only use it for residential purposes. Therefore, if you want to add on or renovate for commercial purposes, you will need to apply for a rezoning permit from the city council first.
How can you finance the project?
The financing of the project when adding a second storey is an important factor to consider. It is important for homeowners to know all about financing before they start building their second storey. With this knowledge, they can make informed decisions about their finances and avoid any surprises or unexpected costs.
There are numerous ways to finance the project. One of the most popular ways is to get a second mortgage on your property. This will be secured by the equity in your home, and it will usually have a lower interest rate than a first mortgage.
The other option is to get a home equity line of credit (HELOC). This is an unsecured loan that you can take out against the equity in your home, and it doesn’t require any collateral or proof of income.
Will a second storey be good for the resale value of your home?
The answer to this question is not straightforward. There are a lot of factors that can influence the resale value of your home. The location, the size, the quality of the neighbourhood, and more.
There are also some ways you can increase your resale value before you decide to build a second storey. You can improve your home’s curb appeal by adding landscaping and by making sure it’s well maintained. You can also do some updates inside like new flooring or new kitchen cabinets.
There are many factors to consider when deciding on whether or not you should build a second storey for your home, so it is best to consult with an expert before making any decisions about this topic.
Final Words
As you can see, there are many things to think about when adding a second storey. We hope this article has helped you understand the process and what is involved.
The addition of a second storey can be a great way to add more living space to your home. It is important that you have all the right information before you get started so that it goes as smoothly as possible.
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