Home additions are a great way of not just increasing the space, but also the value of your home. At Kastler Construction, Inc., our home design experts work efficiently so you and your family can enjoy your latest home addition as soon as possible.
But what type of home addition should you invest in? What kind of return of investment can you expect?
How to Increase the Value of Your House
Whenever you add more living space to your home, its value within the housing market increases. However, certain home additions will give you a greater return on your investment than others. For example, the for a bathroom addition is 86%.
Fix Existing Problems with a Home Addition
It’s a good idea to correct existing problems in your home with an addition instead of simply adding expensive new features.
For example, let’s say your family is always fighting over one bathroom during the early morning rush. It’s clear that investing in a sunroom won’t help. An additional bathroom, on the other hand, would greatly reduce your family’s conflict and stress in the morning.
Increase Your Enjoyment with a Specialized Room
If your current home doesn’t have any major problems, such as only one bathroom or not enough bedrooms for your growing family, then you may want to consider adding a specialized room.
Rooms like home offices, dens, and sunrooms may not provide as much value when competing against similarly priced houses, but they can improve your quality of life. If you plan on staying in your home for many years to come, you may find it worthwhile to choose a home addition that complements your lifestyle.
Which Type of Home Addition Is Right for You?
It all comes down to your needs as a homeowner. If you are looking to sell your home in the near future, you may be better off investing in a room that solves some of your home’s quirks. However, if you plan to stay in your home for decades to come, the most valuable thing you could add might be something that increases your enjoyment of your home rather than its price.
How Much Is Too Much?
Make sure that any home additions you choose to move forward with are consistent with your neighborhood’sand price range.
While adding new space to your home can be a wise business move, you also don’t want to own the most expensive house on the block. If this happens, it can deter prospective homebuyers who would rather live in a more upscale neighborhood for the same amount of money.
Get Started on Your Next Home Addition
If you’re ready to invest in more space and more value for your home, our Oakland County home design experts are here to help. Whether you’re interested in a home addition, a remodel, or a custom new home, we’re always happy to help our clients create the home of their dreams. Call Kastler Construction, Inc., today at (248) 655-5580, or contact us online for a consultation.
This blog post has been updated.