Sunrooms: Financial Considerations

Are you planning to add a sunroom to your home? This is the type of home improvement project that should be done because you plan to enjoy the room yourself. While this type of addition does offer an increase in property value, you can’t expect to recoup your entire investment. In fact, the average cost recovery is just 51% of the price of the sunroom when you sell your house. The percentage is slightly higher if you live in the Southern United States, but it tops out around 55%.

sunroom-being-builtAnother important financial issue that you should be aware of before constructing a sunroom is homeowner’s insurance. What happens if you build the room yourself and someone is injured in the process (or if you inadvertently damage the structure of your house)? You need to know if your existing insurance policy will cover the claim.

It’s also important to revisit your current coverage to add the sunroom. Otherwise, it will not be replaced if your home is lost in a fire or other catastrophic event. Then, your full investment in this remodeling project will be lost and you will have to rebuild the sunroom out of your own pocket. Think of the cost of purchasing additional coverage as a small maintenance fee that is just part of having a beautiful new sunroom to relax in.

Related posts:

  1. Sunroom addition considerations
  2. Standalone Sunroom Considerations
  3. Window Replacement – Shopper Considerations 2
  4. Hot Tubs and Sunrooms – A Perfect Match?
  5. Secure Windows For Sunrooms

Tags:

Comments are closed.