Home additions are an economical and ideal answer to dealing with space issues as a person acquires more things or their family grows. The alternative of selling and buying a larger home has many risks, such as……??? A home addition will increase the value of home, and can be more financially viable in the short term. The best home additions are ones that add value and space necessary to meet the current and future demand of the homeowners. The three most common home additions, which have little drawbacks, are the following.
Second Master Bedroom and Bathroom
The best addition to make to a home is a multipurpose room, which can be used as a second master bedroom. Building the addition with an attached bathroom is also ideal. In the short term, this upgrade is great for a family that may need more space now and another bedroom in the future. When the decision to sell a home becomes the only option, one containing an additional bedroom and bathroom immediately carries a higher demand among buyers. This renovation is also typically more cost-effective than the following two home additions in terms of value retention.
Garage Addition
This simple addition can be very inexpensive, and would provide considerable additional space. Because it is a garage, a finished floor is often not required, nor are drywall, heating or cooling ducts. For a home without a garage, the financial aspects of adding one are immediately beneficial, as indoor parking often reduces car insurance rates. Other advantages include the additional storage space created,, allowing the owner to de-clutter and reorganize to open up additional space within the home. A home with a garage is more appealing to a potential buyer. Unfortunately, dollar for dollar, garage addition has a lower retention rate than a master bedroom addition.
Kitchen Addition
The kitchen is often the most trafficked room in a house and a small kitchen can be frustrating. A potential homebuyer will also shy away from a home with a small kitchen, or might make an offer significantly lower than the asking price. Kitchen additions often stand out from other kitchens due of the nature of their design. Using green technology, such as a water-efficient dishwasher or low-power refrigerator, and creating additional space for storage and preparationimmediately changes the general feel of a home, and is attractive to a potential homebuyer. Features such as built-in cabinetry, creative storage space, high-quality countertops, island working areas and larger, more efficient windows retain their value very well and will attract more buyers in the future.
Considering one of these additions is ideal for a growing family not ready to part with their current home, as they solve immediate space issues and provide the most value.