Does A Home Addition Add Value To Your House
With the ever-increasing property rates around the world, more and more people are shifting towards home additions to accommodate their growing families. However, the most common question people ask home addition companies is: does a home addition add value to your house? It can, only if it is done the right way. Let’s discuss!
How A Home Addition Can Add Value?
The thing about home addition is that there are several ways of doing it. But not every home addition is going to add value to your house. The reason is that if you were to sell the house in the future if the home addition is something of a luxury, the buyers most probably won’t prefer it. Instead, they would like to have a practical room design.
For instance, as a home addition, you have a cigar lounge in the house. Now, according to you, it might have some value but the buyers won’t look at it that way. They are most likely to look at it as something that will need to be brought down and rebuilt if the new owners want to convert it into an additional room for their children.
So, you are not going to get a good return on the investment. However, if you have converted your attic or basement into something like a store or a bedroom, you are going to be in a much better negotiating space.
What Is The Right Kind Of Addition For My Home?
When it comes to choosing the right kind of addition for your house, you will need to keep in mind both practicality and functionality. The luxuries can come later on. First, you need to decide what you need the addition for along with your family’s needs.
For example, if you are a fitness freak, you can have a home gym, a game room for a gamer or a laundry room, etc. However, you will need to consult the local authorities for the building codes as well. Depending on your region and state, you may or may not be allowed to have a home addition.
And if you ignore the building codes, do not be surprised if you end up in a legal battle with the state later on.
How Can I Get A Home Addition?
To build a home addition, you will need to consult an architect. Some people might argue that you do not need an architect and a contractor to save money but both will save you a lot of time and effort, not to mention legal complications.
However, what you need to keep in mind is the fact that contractors for home additions are slightly different than general contractors. To be honest, home additions tend to be slightly tricky and, in some cases, general contractors simply do not know how to do it the right way.
Therefore, the first thing you need to do is find someone who possesses experience and knowledge in a home addition. This will ensure that your house, especially the home addition conforms to the rules & regulations.
Types Of Room Additions And Possible Value
Adding A Bedroom
Building a master bedroom is going to give you approximately 57% return value. The figure mainly depends on several other factors as well such as features and accessories but overall, bedrooms provide a good return.
Adding A Sunroom
A sunroom as the term suggests is a room that just mostly features natural light. This room is designed so that you can enjoy the weather outside. The best part of having a sunroom is that they do not need heating or cooling, which saves you a lot of money on the HVAC and electrical work.
Adding A Bathroom Or Kitchen
Adding a bathroom or kitchen is another great way to maximize the value of your house. Both bathrooms and kitchens tend to be the selling point for most buyers and therefore, are a worthy investment. But the rooms should be extremely practical and highly functional. Too much luxury and no practicality will hardly offer any returns.
Home additions as long as they are practical and functional offer value. You will need to have an architect and a home addition contractor McLean on your side to ensure that things go according to plan and you spend your money the right way.Next PagePrevious Page