Building home addition is one way of making your home more attractive to potential buyers but like every homeowner, you want to get the highest return on your investment so you should build the right addition.
If you are in this position, lucky for you as there are plenty of home additions that you can go with. Some of the best ones include:
Have you heard the expression, “Go big or go home?” it works in home additions and if you have the money, you should build a two-story house as it will pay off in the end.
According to real estate experts, building a home addition will see you increasing your return on investments by up to 65%.
When you are building the home addition, ensure that you have an upstairs master suite and a downstairs living area which is what most homeowners are drawn to.
You might be wondering why the two-story addition will make your house more attractive to potential buyers, right? Well, the addition increases the square footage of your house and since every homeowner is looking for a bigger house, they are bound to find your house more appealing.
Another home addition project that will see you laughing all the way to the bank is a kitchen expansion project. If your current kitchen is too small or cramped, you aren’t going to sell the house at the top dollar that you are looking for.
Also, refinishing the cabinets or replacing the old appliances isn’t going to cut it—you have to expand it.
As you are planning the kitchen expansion project, you should note that sometimes you can go overboard hence making your house less attractive to potential buyers.
For example, even if every homeowner wants a beautiful, decent-looking kitchen, none is interested in paying for the premium kitchen countertops so don’t use them on your counters.
Also, no homeowner is looking to pay a premium fee for one-of-a-kind premium kitchen appliances.
The most important thing when it comes to remodeling the kitchen is to expand its size. When it comes to the countertops and appliances, simply use the standard materials as using expensive unique products won’t give you the returns you are looking for.
Your home having not enough bathrooms can be a big turn-off to potential buyers so if you have the resources, consider adding an extra bathroom to the house. If the resources aren’t enough for a complete bathroom, add a half bath and it will still increase your home’s overall sale appeal.
Real estate professionals report that adding a bathroom to your home can see you get up to a 53% return on investment.
Like with the kitchen, don’t go all the way out when remodeling the bathroom as you might add some features that will make your unit less attractive to potential buyers. You might also spend too much money on a unit and fail to recoup your investment.
To be on the safe side, work with experts that will help you find a balance.
Adding an outdoor patio space
Every homeowner wants a place they can relax with friends and relatives during the warmer months of the year, making the deck such a valuable investment.
According to home addition companies Washington DC, when you properly install a deck you will recoup up to 80% of your investment when you sell the house.
Work closely with experienced contractors and find the perfect place to build the deck. You also should do your research and find the best materials for the deck. You don’t want extremely expensive materials that no homeowner will be willing to pay for it.
At the same time, you don’t want to use extremely cheap materials that will lower the house’s perceived value. Work with a professional that understands how to go about it and the best materials to use.