Even if the initial reason behind wanting to add on to your home, is because you need more space for your growing family, the fact that a well-planned addition can add value to your home should never be far from your thoughts, even if you don’t plan to sell it right away, or in the near future.
If you’re thinking about adding on to your home, here are some types of additions that can boost the value of your property as well as give you plenty of extra space:
Kitchen renovations
Kitchens that are modern, functional and can accommodate the entire family in one sitting (and ideally more), are highly sought after by buyers. Whether you choose to renovate yours, or expand it, or both, doing so could give you a healthy return on your investment.
By making your kitchen bigger and upgrading the appliances contained within it, you can give potential buyers something to swoon over. Not only that, but the chance of them paying more for your home than for a similar property with an outdated or small kitchen, are greatly increased, and you may even be able to sell it quicker should you need to.
When renovating your kitchen, make it even more appealing to buyers by adding some energy-efficient features, such as LED lights and water-saving fixtures and faucets. You could even use sustainable or recycled materials for such things as countertops, to make the space even more appealing to modern, eco-conscious buyers.
Following closely behind the kitchen in one of the most desirable spaces in a home, is the bathroom, and if yours needs updating or reworking entirely, a full renovation could see your home fetch a much higher price should you need, or want to put it on the market at any time.
You might want to think about swapping your cramped cubicle for a walk-in shower for an added element of luxury, and to give the room a more spacious feel.
If you only have one bathroom and it’s small for the size of the home, you could consider expanding it if possible, or adding a new bathroom; something which can put your property at the top of the real estate list for buyers.
Outdoor living spaces
Having become extremely popular in recent years, outdoor living spaces don’t just make a property look more modern and attractive, but they can offer up some much-needed space when the climate is agreeable, and even when it isn’t, if there is sufficient protection from the elements.
From patios, porches and decks, to landscaping and paved walkways, there are plenty of ways to enhance your home and increase its value with outdoor spaces that have been professionally designed and installed.
Extra bedrooms or living spaces
Most buyers are interested in extra bedrooms or living spaces that mean they can easily accommodate guests or provide a place for family members to comfortably stay in (or live in), and provided they are thoughtfully integrated into the existing home, they can give a great return on your investment.
Consider whether you might have an existing space that could easily be converted into a living space or bedroom, such as an attic, basement or garage, or whether you would be able to add outwards or upwards to your home.
Whether you plan to take advantage of the extra space a home or room addition would give you and your family right now, or want to try and sell your property for more by expanding it and making it more appealing to buyers, room and home additions can significantly increase the value and usability of your home.