One of the biggest mistakes that homeowners make when they purchase a new home is beginning expensive and needless projects in order to increase the value of the home. The fact is that although additions to a new home can increase the value it is first important questions such as “How many years will I live here for?” or “Will this add-on cost more money than it makes?”. With that being said, we highly recommend adding additions to your home that you want and or need. Here is a list of the best add-ons for your home to increase its value.
The Second Floor
Bigger isn’t always better, however, when it comes to homes, the addition of a second floor will no doubt increase its value. Buyers and real estate agents will often first look at a document that lists all your homes features including its square footage. If the prospective buyer likes what they read then you have more of a chance of getting potential buyers into your open house.
Increase Your Kitchen Space
There is no doubt that one of the features that tend to make or break a deal is the home kitchen. Is your kitchen too small? or is the layout simply odd? Adding additions such as a kitchen island or renovating your cabinets can vastly increase the value of your home and the chance of selling in the future.
Adding a Garage
What exactly is a prefab garage? Essentially this is a portable garage with extras features such as highly-quality material and electrical outlets. The fact is that most homeowners will not buy a home without a garage if your property lacks one and you have a good amount of land behind your home then an added garage might just be the solution.
You Can Never Have Enough Bathrooms
There is nothing worse than living in a one-bathroom house. Buyers want at least a full bath and an additional half-bathroom, therefore, if your home consists of the latter we highly recommend investing in an additional bathroom, this will no doubt catch the eye of families seeking to purchase.
Decks or Patios For Increase Value?
A little unknown fact is that decks are a big selling point for families, this is often the case when dealing with a home that is located on un-leveled lands that may distort the backyard. In addition, decks are a great addition to your home because not only can you enjoy them during the warm summer months but data shows that you earn back 80% of your investment if you decide to place your home on the market.
Masters Suites Are A Must
Although most homes come with bedroom master suites, older ones may not be up to today’s standards of what we consider a true suite. Therefore, we recommend either extending your existing master or simply knocking down a wall in order to form one. Note, however, that eliminating an extra room might devalue the property a bit, therefore, we advise you consult with an appraiser before beginning your project.