More and more homeowners are doing room additions to their homes so they can better suit their needs. This can also potentially increase the value of your home. But what should you consider when determining whether to add a room? Is it a good idea to add a bedroom suite or a second story? We’ll talk about how a room addition or home expansion can add value to your home.
Adding a room to your house can have many benefits. A room addition can be a way to increase the value of your home and it can potentially add value to the property that you are building on. Additionally, you will gain extra living space for your home for additional living space, bedroom, master suite or second story. A home addition is a great way to improve your living conditions without having to move.
There are many ways to improve your home, here are the most common room additions homeowner’s ad to their homes:
Sunrooms
A great idea for warmer climates found in Phoenix and Sacramento. A way to enjoy the views and outdoors without having to be outside.
Room Conversions
Have a room or space in your home that takes up valuable square footage? Convert this room into a useful space.
Second Story
For single story homes, most of the time to gain a substantial amount of space is to build up. Adding a second story increases the number of bedrooms & bathrooms along with additional living space that adds square footage value to your home.
Full additions
Have empty space to the side, front or back of your home? Expand your home by building a room addition for a living room, larger kitchen, master suite or anything you can imagine.
According to a study for the National Association of Realtors, every 1,000 square feet added to a home increases its sale price by at least 30%. Estimates will range from $80 - $250 a square foot to build an addition but the value will be in the value of your home once completed. In larger metro areas such as Phoenix and Sacramento, your value will increase more than a home in a small rural town.
The additional income you'll make on your room addition is well worth the time and money.
For more questions about a room addition in Phoenix or Sacramento, give us a call to discuss your options.