Has your family grown in the past few years? Maybe you’ve brought home a baby or added a couple of dogs to your pet family. Even if you’re the only member of your household, you may want more space for hobbies or entertainment. While you could move into a new home, the process is expensive, and you may love your current house.
Instead of moving to a new place, a home addition is an excellent way to get more square footage while increasing your home’s value. With a home addition, you get the space you need without the hassle of moving.
Unsure what kind of additions make the most sense? Here are some of the most popular home additions to consider if you want to increase your home’s value and make your house more functional.
Basement Remodel Or Finish
An unfinished basement is an unused space. Finishing your basement makes sense for many reasons. First, with all that extra usable square footage, your home has increased resale value.
Even if you don’t plan to sell anytime soon, you can finish or upgrade the basement to your exact specifications. Whether you need rooms for your children or a music studio, finishing your basement is an excellent investment. So, it’s not surprising that this is one of the most popular home additions.
Kitchen Upgrade Or Expansion
The kitchen is often the center of a home. It’s where you gather with friends and family for meals and parties, and it’s also the center of many daily activities. An outdated or small kitchen impacts your everyday life.
By upgrading or expanding your kitchen, you can create a much more functional space and also ensure it looks modern and aesthetically pleasing.
An Additional Room
While the options mentioned above expand upon existing infrastructure within your home, adding an additional room is a more extensive process. When putting in another room, the contractor must add elements like a foundation, framing, and walls.
However, with a new room, you’ll get the extra space you need. Just remember that you may need to check the local regulations in your area, as an addition may not always be allowed.
Bathroom Remodel Or Expansion
Like with a kitchen upgrade, a bathroom upgrade is popular since it’s a place people utilize multiple times a day. If your bathroom is too small, it makes daily life much more difficult. Bathroom upgrades or expansions can be minimal to extensive, so you can likely find an option within your budget.
A Deck
Many popular home additions are for the inside of the home but don’t forget about the exterior. With a new deck, you’ll have tons of outdoor space to enjoy. Whether you want to host BBQs in the summer or enjoy a good book outside in the fall, a deck is a multi-use space that adds value.
Are Home Additions Worth The Cost?
The price of a home addition varies greatly. Some of the elements that impact the cost include:
- The location of your home
- The average cost of construction services in your area
- The size of the home addition you choose
- The price of the finishes and materials
Some home additions are cheaper than others. For example, a minor bathroom upgrade is more affordable and usually costs around 5-10k. On the other hand, a basement refinishing project will likely cost upwards of 20k.
Planning A Home Addition
Have ideas for your home addition? The next step is finding a reliable contractor. You can get quotes and designs from a couple of top professionals in your area, and they can give you a better idea of the costs and preparation involved.
