4 Home Additions with the Highest Return on Investment
Whether you need more space for your growing family, more room to entertain, or another bathroom to help with the morning rush, before thinking about design, you might consider prioritizing the projects that would most improve the value of your home.
Expand your home and its value with one of these 4 additions
If you’re on the fence about adding to your home, consider that you’re making an investment. Estimates on ROI vary drastically, depending on the type of improvement, geographic location, the current economy, and the current cost of materials. While exact percentages may vary widely, with these popular home additions, you’ll definitely be increasing the value of your home while expanding your enjoyment.
Expanding your home with a family room makes sense for the growing family, or if your household just needs more room to spread out. This need may have become more pronounced during the pandemic, or because the kids are bigger, or an adult or two is working from home. In addition, many older tract homes were built with lots of bedrooms, but small common areas. Whatever the reason, adding to the footprint of your home with a family room will provide you with a good return on your investment while maximizing your comfort.
One of the additions that can bring the most improvement to a one-bathroom home, is adding a second bath. This is especially true when adding to the square footage of the home by building it outside of the original floor plan. The increased square footage and being able to boast two bathrooms in a real estate listing, draw more buyers and a higher price. And you don’t have to queue up for the only bathroom anymore. Also, adding a half bath/mud room off the laundry room in a home with two bathrooms will raise its value, and more than justify the investment.
The health benefits of sunshine have been well documented. And doctors have confirmed what we already knew: sunshine improves our mood. Sunrooms are a great way to bring more of those much-needed UV rays inside. Breakfast on a summer morning or reading on a cold, winter afternoon, sunrooms quickly become a favorite spot to enjoy nature and sunshine without leaving the house. You and your family can enjoy the added sunlight and space, and the added square footage will add to the value of your property and make it more appealing to potential buyers.
Adding an outdoor kitchen with a dining area can take your family dinners, dinner parties, and barbecues to a whole new level. When covered, they can be enjoyed year-round. In the summer, they can be the new hub of activity and keep the heat from cooking out of the house, saving on cooling costs. The redefined space, which costs less than expanding the footprint of your home, provides a high return on your investment while adding to your enjoyment.
A Smart Investment: Home additions that increase value
Any of these projects will make your home more comfortable for you, your family, and your guests. Hiring a builder you can trust, and who has extensive experience and expertise, will ensure that your new addition will also increase the value of your home. DRF Builders have been a trusted builder in Sonoma County since 2009. Contact us today to start planning that addition you’ve been dreaming about, so we can help make it a reality.