When it comes to increasing the value and functionality of your home, room additions are a popular choice. Whether you need more space for your growing family, want to add a home office, or simply want to increase your home’s value, a room addition can be an excellent investment. In this blog, we’ll explore the value and benefits of room additions, as well as how to choose the right type of room addition for your home.
The Value of Room Additions: How to Increase Your Home’s Worth.
If you’re looking to increase your home’s value, one way to do so is by adding a room. Room additions can add space and functionality to your home, which can be appealing to potential buyers.
First and foremost, a room addition can significantly increase the square footage of your home. The more square footage you have, the more valuable your home will be. Adding a room can also enhance the functionality of your home, allowing for more living space or a dedicated area for work or entertainment. Room additions can be used to create an extra bedroom, a home office, a playroom for children, or even a fitness room. Depending on the intended use of the new space, you can customize the design to suit your needs and preferences.
Room additions can significantly increase the value of your home. According to the National Association of Realtors, adding a new bedroom can increase a home’s value by up to 4%. Similarly, adding a bathroom can increase a home’s value by up to 24%. These numbers can vary depending on the location and the quality of the addition, but they demonstrate the potential value of room additions.
Another factor that can increase your home’s worth is the addition of modern amenities. For example, adding a new bathroom or kitchen can be a great way to attract potential buyers. You can include features like high-end appliances, a modern backsplash, and energy-efficient fixtures. These modern amenities can not only add value to your home but also make it more attractive to potential buyers. Many buyers are looking for homes with more space and modern amenities, and a well-designed and executed room addition can provide both. By investing in a room addition, you may be able to sell your home more quickly and for a higher price.
The Benefits of a Room Addition: More Space, More functionality
As our families grow or our lifestyles change, our homes may start to feel cramped and restrictive. Moving to a larger home may not be an option for everyone, but a room addition can be a great solution to the problem of limited space. Adding a new room to your home can bring many benefits, including increased functionality and more room to relax, work, or entertain guests
More Space
One of the most obvious benefits of a room addition is the extra space it provides. Whether it’s a new bedroom, bathroom, or living room, a room addition can give you the room you need to spread out and feel comfortable in your home. This extra space can be especially valuable if you’re currently feeling cramped or are struggling to find room for all of your belongings.
Increased Functionality
Adding a new room to your home doesn’t just provide more space, it can also increase the functionality of your living space. For example, if you’re currently using your dining room as an office, adding a new home office can free up the dining room for its intended purpose. Alternatively, if you’ve always dreamed of having a dedicated home gym, a room addition can make that a reality.
Increased home value
A room addition can significantly increase the value of a home, especially if the added space is a popular feature in the real estate market. A well-planned and executed room addition can also make a home more attractive to potential buyers.
Customisation
A room addition can be tailored to meet the particular requirements and aesthetic preferences of the homeowner in question. This enables the creation of a personalised living space that is tailored to the specific requirements of the homeowner.
Energy efficiency
And finally a room addition can also improve a home’s energy efficiency. For example, adding a sunroom can allow for natural light to enter the home, reducing the need for artificial lighting during the day.
Building Up or Out?
Choosing the Right Type of Room Addition for Your Home When it comes to room additions, there are two main options: building up or building out.
Building Up: Adding a Second Story
Adding a second story to your home is a popular choice for homeowners who want to increase their living space without sacrificing yard space. This type of room addition is typically more expensive than building out, but it can provide significant benefits in terms of space and functionality.
One of the biggest advantages of adding a second story is the ability to create more bedrooms and bathrooms. This can be especially useful if you have a growing family or if you frequently host guests. In addition, a second story can provide more privacy and separation between different living areas.
Another advantage of building up is the potential to enhance your home’s curb appeal. A well-designed second story addition can add visual interest and create a more cohesive overall look for your home. However, it’s important to make sure that the new addition fits seamlessly with the existing architecture of your home.
Building up can also increase the value of your home. According to Remodeling Magazine’s 2021 Cost vs. Value report, a midrange second-story addition has a national average cost of $179,801 and can recoup an average of 69.8% of the cost in resale value. However, it’s important to keep in mind that resale value can vary depending on your location and other factors.
Building Out: Adding a Room or Wing
Building out, or adding a room or wing to your home, is another popular option for increasing living space. This type of room addition can be less expensive than building up, but it does require more yard space.
One of the main advantages of building out is the ability to create a larger living area without the disruption and inconvenience of adding a second story. This can be especially useful if you have limited yard space or if you want to create a more open floor plan.
Another advantage of building out is that it can provide more flexibility in terms of design and function. For example, you can add a sunroom, home office, or playroom that is tailored to your specific needs and preferences.
Building out can also increase the value of your home. According to the same Remodeling Magazine report mentioned earlier, a midrange family room addition has a national average cost of $93,448 and can recoup an average of 61.9% of the cost in resale value.
In conclusion, room additions can significantly increase a home’s value and provide many benefits, such as more space and functionality. Choosing the right type of room addition, whether building up or out, depends on factors such as available space, budget, and zoning regulations. With careful consideration and planning, a room addition can transform a home and enhance its livability, while also boosting its resale value.
Transform Your Home with Stunning Room Additions – Contact Roy’s Builders & Remodeling Today!
Are you looking to add more space and functionality to your home? Look no further than Roy’s Builders & Remodeling! Our expert team can help you create stunning room additions that will not only enhance your living space but also increase the value of your home. From building up to building out, we offer a variety of options to suit your needs and budget. With our attention to detail and commitment to quality, you can trust us to deliver exceptional results. Contact us today to schedule a consultation and start transforming your home with beautiful room additions.
