Top Home Additions for Your Money

Top Home Additions for Your Money
  • Opening Intro -

    While every homeowner eventually dreams of a home addition, not every addition will add value and remain within a reasonable price range.

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If your intent is a good return on investment, that baby window might not be the wisest choice. Home additions, like bathrooms, can increase your home’s functionality and add value for years to come.

Four top home additions that can add value and fit within your budget include the following.

Bathrooms

If your home only has one functional bathroom, adding a second will add both value and functionality. New bathrooms can serves as complete replacements or refreshing additions. Whatever you choose, an additional bathroom can refresh your home’s interior and increase its value. According to Houselogic.com, a new bathroom will increase a home’s value by an average of $30,000. Industry experts estimate that a new bathroom addition can increase a home’s value by 20 percent. Statistically, you can expect to recoup at least 55 percent of your investment.

Decks

Outdoor decks can always provide functionality depending on the season. They’re great for relaxing, eventful family gatherings, parties, barbeques and family dinners. Another plus of adding a deck is the square footage it adds to a home. This additional square footage can automatically increase your home’s value. Using a composite over wood is less expensive.

However, as a homeowner, the choice of materials is entirely up to you. Decks can be built to sit on the ground or suspended in air, which means your deck will largely be a result the money you’re able to spend. Take into consideration there may be extra expenses due to lawn maintenance as well. You’ll need to factor in the cost of additional deck furniture too.

Attic Bedrooms

Businessmen say that an attic bedroom can add additional living space and home value. It can be a great addition if you’re growing a larger family and find yourself running out of living space. An attic renovation can be cheaper than other room additions. It can also provide the perfect getaway without having to leave your home.

Kitchens

The kitchen is most likely the heart of any family home. Anything that can be done to enhance your kitchen will improve your home’s value. The kitchen can also be the focal point for families to connect and bond. From cabinets to new flooring, affordable kitchen upgrades are an excellent way to enhance home value.

The improvements you make will not only increase the home’s value, but can enhance the quality of time you spend with your family and loved ones. This can be the best return on investment of all.

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