Home Additions that Boost Your Property Value
If you’re thinking of adding an addition to your house, check out this article on which home additions can add the most value to your property!
Are you thinking of adding an addition to your home? When you are ready to sell, you could increase your selling price by 35% by completing the following home additions.
Continue reading to learn more.
Adding on to your home not only adds square feet but adds property value.
You can add anything you can think of – a new bedroom, bathroom, or a den. You’re only limited by your budget and the size of your lot.
Full home additions, however, do take a lot of time to complete and can be expensive. A full addition can cost upwards of $50,000. Depending on the type of room you will be adding, you will need to hire various contractors to take care of the HVAC, electric, and plumbing.
Sunrooms and Outdoor Living Areas
Sunrooms are a popular addition. Unheated sunrooms are primarily made of windows and are designed so that you can enjoy the weather without being outside.
The cost varies by material, starting at around $15,000. There is the option to add a four seasons sunroom, which would need to be hooked up to the house’s heating and cooling systems. These types of sunrooms cost around $20,000.
Creating an outdoor living space is also one of many home additions. Couples and families like to entertain and spend time in an outside living space. A screened-in porch or a backyard patio are popular choices. Make sure to include an outdoor kitchen with a built-in grill and a small fridge if your budget will allow.
Turning already existing square footage into something that you would better utilize is another way to increase value in your home.
Many people will convert their garages into a bedroom or den. An attic could also be converted into something more valuable rather than be used just for storage. An average attic conversion costs homeowners around $50,000.
If you have a basement, you could also consider turning it into a finished apartment suite. Update common entrances or find a way to incorporate a private entrance. Make sure the unit is sufficiently blocked off from the main residence for maximum privacy. Include a modern bathroom and full kitchen with lots of light and you will be set.
In conjunction with home additions, think about these renovations to add even more value to your home.
A fresh coat of paint is one of the cheapest but most effective ways to add value to your property. It really helps to bring a room together. Pay particular attention to key areas like the entryway, living room and dining room, and the master bedroom. Utilize universally appealing neutral colors. Colors like off-white, taupe, soft yellows, grays, and blues will brighten rooms and make them look bigger. Stay away from dark colors as they tend to make rooms look smaller.
New Faucets and Hardware
Another cheap and easy way to make your home look better is to change out of date faucets and hardware like door knobs. Stick to chrome and silver colors with modern shapes. Satin nickel and stainless steel are also good options. For a sleek uniform look, have matching door hardware all throughout your house.
A gas fireplace adds a lot of value to a home. It is something that many homeowners look for when searching for a house. They require a lot less maintenance than wood-burning fireplaces. If you have a wood-burning fireplace, it is worth it to convert it to a gas fireplace.
Windows are responsible for 25%-30% of residential heating and cooling energy use. Choosing to replace your windows with Energy-Star rated windows will up the property value since many buyers are conscious of how windows affect heating and cooling bills. Energy-efficient windows can save the occupant a lot of money and will add to the brightness of your home. Vinyl windows are a popular choice as they are durable and require little maintenance.
Modern and Clean Flooring
Flooring is hugely important to the attractiveness of your home. With so many durable, attractive, and easy to maintain options, good flooring could easily add a ton of value to your property. Most buyers do not like carpet. Opt for hardwood, laminate, or tile.
Hardwood floors are always a safe bet and are one of the best flooring investments you could make. It works for both traditional and modern decor.
When picking out your flooring, keep in the mind of the rule of three. Never have more than three different flooring materials in your house. It will mess with the flow of your home.
The bathroom can be a deal maker or breaker for many buyers. This is especially true for the master bathroom. Having an updated, bright, and roomy bathroom is a must. Update the fixtures, hang a new mirror or install a vanity as well as countertops and cabinetry to upgrade your home.
Open floor plans are becoming more and more common and are often times preferred. Rather than closed off rooms, many homeowners want one big living-dining room area with even the kitchen integrated. Tear down walls to encourage more flow in your home.
An upgraded, modern kitchen can be a huge selling point and one of the best remodels you can do to up your property value. It is said that a kitchen remodel can increase your home value up to 10%.
Functionality is the top priority. Include drawer style microwaves and dishwashers, soft close cabinetry, and hidden outlets. High-quality stainless steel appliances, beautiful countertops, and nice hardware should also be included in the remodel.
When you are ready to sell, all of your home additions and renovations will be for not if the outside of your home is not attractive. Curb appeal is what piques a buyer’s interest. Add a fresh coat of exterior paint and decorate the outside with flowers and plants.
Do you need help completing your home addition or custom remodel?
Higgason Construction provides free home consultation for a wide variety of services. Schedule an appointment now to get started.