Home Additions
A home addition is a major investment for a homeowner. With money at stake, it pays to be smart and do your research before undertaking a large remodeling or home addition project. Start by researching your local real estate market to get the scoop on whether your project will return your investment when it is time to sell. The amount you will get in return depends greatly on where you live.
Return On Your Investment
According to recent studies and across many real estate markets, kitchen and bathroom remodeling consistently offers the greatest return on your investment with percentages ranging from 80-100%. Basement, master suites and family room additions also offer a fairly high return. Remodels that convert unused space into functional living space, such as basements and attics, can vary widely from region to region. Deck additions also vary according to region, but in regions where outside activity can be enjoyed, deck additions usually return their full investment.
In addition to doing research in your local real estate market, you should also look around your neighborhood. Consistency among neighborhood homes is crucial to the overall environment and home buyers will notice if your house does not fit in. Any improvement you make to your home should be consistent with other homes on your block. For example, if you invest in an elaborate addition when your house is next to several modest homes, it will stick out like a sore thumb. Making this investment will not provide the return you are hoping because the truth is that home buyers that can afford such a house will look for one in a more expensive neighborhood.
Looking For More Information About Home Additions?
Building an addition onto your existing home is a great investment. You'll want to make sure you are choosing the right contractor for your project and your budget. We offer Free Quotes 24/7 or you can call us directly at our main number 1 (857) 523-0746
