In some cases, some people may not have space to expand and make a room addition, but there are plenty of ways that you can use the space you already have.
Let’s take a look at a few ways that you can increase your home’s liveable square footage.
Look for Room Under the Stairs
Some people may have a huge gaping space under the stairs or have it blocked by the staircase’s structure. In this case, there are plenty of things that you could do with this space.
An easy one would be to transform it into a mudroom. Another option would be to add a bathroom.
While it may cost you more, bathrooms are one of the best additions you can make.
It has been estimated that adding a bathroom could increase the median home’s value by as much as 5.7%, which is around $17,638. It will also make your home much more attractive to buyers.
Finish that Basement
Homes with finished basements sell for much more than those without. It has been estimated that the square footage in a finished basement is worth about twice as when left unfinished. This is why you should consider transforming it immediately.
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Even if it can be a significant expense, you can expect to get around 70% of your investment back. Not to mention that many buyers will not even look twice at a house with an unfinished basement.
A finished basement can add value to your property in tons of other ways as well. For one, unfinished basements are often poorly insulated, which requires more heat in the winter and more AC in the summer. Also, a finished basement can be a great opportunity to monetize your property by renting the space.
Build Up
If you can’t build out, build up. Adding a story to your home is an ambitious project, but one that could pay big. You can expect to get most of the money back upon sale, and this is another renovation that could allow you to turn the area into rentable space. Note that you can either go for a full story or a partial addition.
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Another idea would be to add a room on top of a garage. This could be a great way to add a story without turning your house into a mess and will be much less costly. You can expect to pay around 35$ per square foot when building extra rooms on top of garages.
other related articles of interest:
4 Tips for Building the Best Home Extension for You
8 Points to Consider the Right Professionals for Home Extension Services
As you can see, there are tons of different ways that you can increase the liveable square footage of your house. Some are more expensive and complex than others, so make sure that you go sensibly and perform a thorough ROI analysis before you make your decision.
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