Increase Your House’s Value with a Home Addition

If you are looking to change your home while also adding value, considering a home addition is a great option. A well-planned, well-executed home addition is one of the best home improvement investments you can make. A home addition adds livable square footage, which increases your property value and increases the desirability of your home to potential buyers.

What to Consider For Home Additions

There are many factors to consider when you are looking at adding space to your home. The first one is making sure you fully understand the benefits and costs of a home addition. Home and real estate values, in general, tend to appreciate, but there are specific steps that you can take to boost your market value. 

While a house addition may seem costly up-front, the added living space will provide a more comfortable environment today and add value to your home when you decide to sell. Costs vary depending on the type of addition you are looking at. You should always hire a licensed contractor that has experience in addition costs and that will help make sure that the addition flows seamlessly from the existing areas into the new one.

It is also essential to understand the home market and look at spaces that most home buyers desire. Homebuyers are looking for features such as walk-in closets, updated bathrooms, laundry rooms, larger and updated kitchens, a master suite, complete with updated master bath,  and a dedicated home office or place to homeschool.

Understanding what a potential buyer is looking for will also help determine what to avoid, such as ultra-custom designs that may not cater to most aesthetics. Having a plan that is overly custom can decrease your pool of interested buyers and lower your return on investment (ROI).

Room Additions That Add Value

One of the best investments homeowners can make to add value to their home is a room addition. Three of the most popular improvements are kitchen, bathroom, and home offices.

 

  • Kitchen expansions – A kitchen addition can return between 60 to 80 percent of the money invested.
  • Adding or expanding a bathroom – A bathroom addition has about the same return on investment as the kitchen. Plus, both of these rooms are practical, functional, and improve your daily life.
  • Home Office – The coronavirus has created a new home trend, and homebuyers are now looking for dedicated work/school spaces for their family.

Maximize Your Existing Space

Sometimes it is not practical, because of lot size or building restrictions, to add onto your home. Converting an existing space such as a garage into a living area, like an office or another bedroom, will often have the same effect on home value as adding on a complete addition.

Some popular additions you may want to consider for modifying existing areas are:

  • Game room
  • Laundry room
  • Home gym
  • Family room

Build a Home Addition

Working with the right people, such as the remodeling experts at Corso Construction, will help ensure that your project runs smoothly and that it adds value to your property. We will help you develop a detailed, personalized plan with your goals in mind that adds livable space to boost the value of your house.

Contact Corso Construction today to learn more about home additions in Tucson.