The decision to add on to your home can be exciting as an array of possibilities is explored.
Some homeowners choose to add on to their home for personal needs and desires while others are motivated by the idea of it increasing the value of their home for resale purposes.
Regardless of what has prompted your decision, there are a few types of home additions that will enable you to reap the most benefits both personally and financially.
Below you will find the top five additions that will most increase the value of your home.
#1 Master Suite
The addition of a master suite is a growing trend that offers a private retreat area for the “masters of the house.”
While some homeowners will recover more of the investment than others, a roomy area of secluded luxury that offers an escape from the rest of the world is one that will be savored.
The standard return on investment for a master suite addition is between 52% and 63% with the costs depending on square footage, materials, and finishes selected.
#2 Two-Story Addition
Extra square footage is always appealing and when it includes additional living space on the lower level with a master suite upstairs, it is safe to anticipate recouping up to 65% of your investment.
This type of renovation is no small endeavor and with all the processes involved ensure you allow ample time for the experts to complete the project.
Costs can vary considerably according to the Home Advisor guide, and it is important to select a qualified contractor with experience in home additions to work with.
Adding on to your home requires different experience than building new homes and remodeling interiors.
Making the new addition seamlessly tie into your existing home, and making it look like it has always been there, is an art form that very few contractors have experience in perfecting.
#3 Kitchen Remodel
A kitchen remodel is one of the top choices for ramping up the value of a home. An upgrade to this area is one of best as far as return on investment.
Whether the homeowner is single and enjoys entertaining, a growing family that prepares nightly meals together, or couple of empty nesters that enjoy preparing for big family gatherings, the kitchen is considered the heart of the home so extra space and amenities are always sought after.
Expanding the square footage of your kitchen allows you to provide extra space for storage, a larger island, walkways, countertop space, and larger appliances.
Newly remodeled kitchens and bathrooms are highly sought after and can provide a wow factor to your home.
These amenities set your home apart from other “comps” in the area, and people are willing to pay a premium for.
Having enough bathrooms in a home is a must for practically every homebuyer.
Although it is one of the smallest rooms in a house it is a necessity and one that is frequently used.
Making additions in this area is often more costly, but you will likely get back 50% or more of what you invest.
Everyone has a budget to adhere to for whatever project you choose, so even if your resources limit you to the addition of a half-bath, it will be money well-spent.
#5 Deck Add-on
Having a designated outdoor space to gather and enjoy the summer weather will undoubtedly attract new homeowners.
One of the advantages of this type of addition is the variety of materials and designs to choose from.
At an average return on investment of 83%, creating an area for fun in the sun will bring smiles to faces and make your wallet happy.
Outdoor entertainment space has become much higher on the “wants” list of homebuyers in recent times.
Home Addition Contractor
A home renovation is a major decision and one that directly affects one of the biggest investments you’ll ever make; therefore when planning for such an upgrade, be sure to consult professionals.
At Post & Beam Design/Build we will ensure a positive remodeling experience for you.
Having been in business for more than 25 years, our team of professionals understands every aspect of custom designs and remodeling, and we guarantee customer satisfaction.
Our experts will personally work with you to tailor a plan that meets your needs and desires, being sure to communicate with you throughout the entire process until the job is complete.
Give us a call today at 410-683-2020 or click here to request a call back online.
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