An addition not only increases comfort, it can also increase your home’s resale value. Whether you seek basement finishing and remodeling or would like to extend your living space with an extra room, consider a few factors before deciding whether an addition is the right move:
- Evaluate the addition cost versus overall return: one of the best ways to determine if an addition will be cost effective is to measure the return on investment (ROI). Generally, homeowners can recover between 50% to 85% of their net expenses
- Consider which rooms garner the highest returns: a new kitchen or bathroom remodel will usually deliver the best return on investment when it comes to selling your home. However, expanded family rooms and even home offices can mean bigger bucks as well
- Understand that geographic location is important: where you live will impact how much you can get from certain type of additions to your home. Also consider the neighborhood. Determine whether additions such as a sunroom will be more valuable, or will basement remodeling make more sense to increase the value of your home
- Determine how long you plan to live in your home. If your intent is to live in your home for several years, a room addition will not only add value to your home, but bring you more enjoyment and space for comfort
For more information about room or basement additions, contact Chris Hollon Construction online or call 859-307-4895 today.