Five Benefits of Home Addition Renovations
As our families grow and our circumstances change, we often find that our once-perfect homes no longer meet our needs. When that happens, some homeowners may choose to sell their homes and purchase a new property, while others make the decision to stay and improve their existing property through home addition renovations. Home addition renovations can provide homeowners with a range of benefits, including increasing living space, adding value to the home, and improving quality of life. Here are just five ways in which home addition renovations can benefit homeowners.
1. Increase Living Space
One of the most obvious benefits of home addition renovations is the increased living space that they provide. Homeowners who are struggling with cramped quarters or a lack of storage space can add extra square footage to their homes through an addition renovation. This is especially useful for growing families or homeowners who work from home, as it provides them with the extra room they need to entertain guests or work comfortably.
2. Add Value to the Home
Home addition renovations can also add value to a property, making it a smart investment for homeowners. The added square footage and usability of a home are sought after features in the real estate market. In fact, according to a 2020 survey by Remodeling Magazine, the ROI for a home addition renovation is an average of 70.5%, meaning the renovation generally pays for itself in added value to the home. Additionally, a well-planned and executed addition renovation can make a home stand out in the market when it comes time to sell.
3. Eliminate the Need for Moving
For homeowners who love their current neighborhood and community but have outgrown their homes, addition renovations can help them stay put and avoid the stress of moving to a new location. Moving is not only a hassle, but it also comes with expensive costs, such as a real estate agent’s commission, closing costs, and moving fees. Home addition renovations provide a more cost-effective way for homeowners to increase their living space and stay in their desired neighborhood.
4. Improve Quality of Life
Home addition renovations often provide homeowners with improvements in their quality of life. For example, homeowners may choose to add a sunroom or an outdoor living space that allows them to enjoy the outdoors while still being sheltered from the elements. By adding a home addition, homeowners can create the space they need to pursue their hobbies, entertain friends and family, or simply relax.
5. Customize the Home to Suit Your Needs
Another significant benefit of home addition renovations is that they allow homeowners to customize their homes to fit their current lifestyle. For example, an empty-nester may choose to add a home office or a guest bedroom for visiting friends or family. Homeowners with young children may want to expand their living areas to provide more space for play or indoor activities. By renovating or adding onto the home, homeowners can make sure that their living spaces are tailored to their needs and preferences.
Home addition renovations are an excellent way for homeowners to add value to their homes, improve their quality of life, and create the space they need to suit their current circumstances. By utilizing the services of a professional contractor, homeowners can make sure that their renovations are well-planned and executed, with minimum disruption to their daily lives. Whether you are adding a new bedroom, creating a home office, or adding an outdoor living space, home addition renovations can provide you with the extra space and amenities you need to create a comfortable, functional, and enjoyable home.