Home additions are a great way to increase your living space without having to move. They also add to your home’s value and can be a great selling point when you decide to sell.
A well-designed home addition will look as though it has always been part of the house and will enhance your property’s beauty. But there are some important things to consider before making this major investment.
Increased Living Space
A home addition is a great way to add more living space to your home. Whether you need more bedrooms for growing children or want to turn your basement into a functional living suite, the options are endless.
Self-contained additions, such as a garage apartment or basement suite, also offer the opportunity to generate rental income. This can be a great way to offset the costs of your mortgage and help pay for other investment opportunities.
Aside from boosting living space, room additions can also increase your home’s overall value. This is particularly important if you plan on selling your property in the future. A qualified contractor will be able to advise you on the best type of home addition to suit your needs and budget.
A Stress-Free Alternative to Moving
Home additions allow you to stay in a location that you love, while customizing your living space to fit your needs. They can also add value to your property, making them a good investment for homeowners who plan to sell in the future.
When it comes to funding your home addition project, make sure you know how much you can afford and find a contractor that offers financing. It’s also important to understand zoning laws and building codes in your area before starting construction.
Before you start your renovation, hire an architect or floor plan designer to help you determine what type of home addition is best for you. This way, you can avoid any surprises down the road. Also, make sure to hire a contractor that provides carpentry, plumbing, and electrical services so you don’t have to deal with multiple contractors.
Increased Home Value
Home additions can significantly increase your home’s value, which is a great benefit for homeowners who are thinking of selling their property. For example, a master suite or kitchen addition can return over 68% of the cost upon resale, according to Remodeling Magazine.
Similarly, adding a garage or enclosing an open porch can provide a space that is highly desirable to potential buyers. Keeping these factors in mind when designing your home addition can help ensure that you’ll receive the highest possible ROI should you decide to sell your Phoenix property down the road.
Additionally, home additions can also offer the possibility of rental income if they are designed with a separate entrance and an occupant-ready bathroom. This can be a valuable source of extra income that can help offset mortgage payments or can be used for other investment ventures.
Increased Comfort
Whether you want to add a home theater for relaxing evenings or an extra bedroom for a growing family, room additions can enhance your comfort and improve the overall functionality of your house. Smart home systems can be integrated to make the new space more user-friendly and convenient, with options including automated lighting, air conditioning, and smart locks.
Home additions can also be designed with specialized spaces like home offices, gyms, or hobby rooms to provide a comfortable and private environment for personal or professional pursuits. This kind of dedicated space can increase efficiency and focus, especially for those who work remotely or have children that need a distraction-free area to work on their schoolwork or extracurricular activities.
However, it’s important to hire a qualified builder to ensure compliance with local zoning laws and other regulations, which can significantly impact project costs.
Less Maintenance
A home addition, such as an enlarged kitchen, is a fantastic way to upgrade your space without the hassle of moving. However, it is important to consider the impact that construction will have on your everyday life. Be sure to plan for any potential disruptions and work with a professional contractor who will be transparent about the entire process.
It is also wise to consult with a professional architect, engineer and real estate agent when embarking on any home addition project. This will ensure that your addition is well-designed and aligned with current market trends.
When it comes to home additions, there are endless possibilities. Whether you would like to convert an old porch into a family room or turn your basement into a bedroom, a professional contractor will be able to help you realize your dream space.