There are many ways to add value to your home. This list may include large construction projects or smaller cosmetic changes. One of the most significant ways to add value to your home is by adding new square footage or changing the current layout to include room additions. Each room addition will likely have a direct impact on the current value of your home. You will be surprised just how valuable each room addition may be.
When you are considering room additions in your home, one of the quickest ways to add value is to add a new full or half bath. According to realestate.com, even the addition of one half bath could add up to 10.5% to your home’s value. A full bath can add up to 20%. This is a large percentage, and one that will help ensure you receive your investment money back when you sell the property. Think of it in money value: If you own a $200,000 home, adding a full bath could raise the value of your home to $240,000. This is likely well within your remodel costs, and you have an exciting new addition to your home.
This same article concluded that each additional bedroom is likely to raise the value of your home by around 4%. This is a less significant number than adding a bathroom, but it will open your home to a wider range of buyers. Each additional bedroom is a functional space that you, your family, and potential buyers will appreciate. Bed and bath room additions are the fastest ways to add value to your home.
For tighter budgets, it may be better to focus on updating what you already have. Kitchen and bathroom updating, no matter what you do, will add value to your home. You can also upgrade your current heating or cooling system for an added reassurance for potential buyers, or change out your old appliances for a more up-to-date model.
For more tips on adding value to your home or to schedule a consultation, contact Eden Construction today!