There are many reasons that you might want to invest in a home addition. Adding square footage or new structures to your home will not only increase your property value but also add more space for all your family members to live and enjoy their time together too! In this article, we’ll explore some of the most popular types of additions and provide helpful tips for optimizing your return on investment.
1. Bedroom additions
Adding an extra bedroom to your home can be a great way to increase its value while also providing needed space for a growing family. According to a recent study by the National Association of Realtors, adding a bedroom can increase the value of your home by as much as 10%. When planning a bedroom addition, it’s important to keep the following in mind:
- Bedrooms should be at least 9 feet square in size, with enough closet and storage space.
- The addition should be designed in a way that is compatible with the existing style of your home.
- Bedroom additions should be positioned so as not to reduce the value of adjacent homes.
2. Kitchen additions
The kitchen is often considered to be the heart of the home, and a well-designed kitchen addition can add significant value to your property. A well-made kitchen renovation can increase the value of your home by up to 80%. Try to make sure that your kitchen addition includes all of the following features:
- Plenty of counter space.
- Efficient storage solutions, including cabinets, pantries, and drawers.
- A breakfast bar or eating area.
- A refrigerator, oven, and stovetop.
3. Garage additions
Garage additions are a great way to add value to your home while also providing much-needed storage space. A well-constructed garage can add up to 15% to the value of your home, making it a wise investment. Make sure that the garage is large enough to comfortably store all of your vehicles and tools. You also want to invest in high-quality garage doors that will keep your belongings safe and secure.
4. Home office additions
The number of people who are working from home is on the rise, and home office additions are becoming increasingly popular. A well-designed home office can add value to your property while also providing a quiet and comfortable place to work. According to a recent study, home offices can add up to 10% to the value of your home. When planning a home office addition, make sure to include the following features:
- A work area with plenty of storage space.
- A comfortable desk and chair.
- Good lighting and ventilation.
5. Sunroom additions
Sunrooms are a great way to add extra living space to your home while also enjoying the natural beauty of the outdoors. A beautiful sunroom can add value to your property while also providing a place to relax and enjoy the view. Sunrooms should be designed in such a way that they can be used all year round. Consider the materials as well to ensure durability in different seasons. Glass and vinyl are both good options, as they allow for natural light while also providing insulation.
6. Deck additions
Deck additions can also value to your home. A new deck can provide a place to relax and entertain guests. It can also be used for additional storage space.
7. Home theater additions
A home theater addition can be a great way to add value to your property while also enjoying your favorite movies and TV shows in comfort and style. Home theaters can add up to 10% to the value of your home. When planning a home theater addition, make sure to include the following features:
- A viewing area with comfortable seating.
- Good lighting and sound quality.
- A media storage area.
8. Swimming pool additions
Adding a swimming pool to your home can be a great way to increase its value while also enjoying a refreshing swim on hot days. Swimming pools can add up to 15% to the value of your home. When planning a swimming pool addition, make sure to consider the space requirements and the type of pool that you want. In-ground pools are generally the most popular option, as they provide a lot of space for swimming and relaxation.
9. Home gym additions
A home gym addition can be a great way to get in shape while also enjoying the comfort and privacy of your own home. Not every home has a home gym, so this can be a real selling point for potential buyers. A well-designed home gym can add value to your property while also providing all of the equipment you need to stay fit. When planning a home gym addition, make sure to include the following features:
- A workout area with plenty of space for exercise equipment.
- A good selection of cardio and weight-lifting equipment.
- A comfortable place to rest and recover.
There are many home additions that can increase the value of your property. Take a look at our list and see if there is anything you’ve been considering doing to update or improve your digs. Make sure to consult with a real estate agent to know if your home addition can actually increase the value of your property.