You may love your home and all that it has to offer but there is always room for improvement. By adding on to your home, you can improve your life in many ways. No matter if you are simply considering adding on a single room to your house or an entire floor, here are six reasons you should consider adding on to your home.
1. Adapt to Your Family’s Growing Needs
Many individuals add on to their homes to meet the needs of their growing families. It isn’t uncommon for families to dread leaving their current home or neighbourhood to move to a larger home. Their current house may offer many of the features they desire in a home, they simply need more space.
Your family’s needs may have changed from when you first purchased the home. For example, you may have more children, you may need a home office, etc. Luckily, no matter what type of room or feature you build, when you add on, you increase the square footage of your house. This will give you more space to gather, more room for additional family members, more privacy, etc.
2. Can Increase Your Home’s Value
While there are many projects around your Markham home that can increase your home’s value, a home addition is near the top of that list. Adding on to your home can greatly increase the value of your home and depending on the type of room that you add on, it can have a high ROI.
Here is a look at several room additions and the average ROI you can expect to receive.
Garage: You can receive up to a full 100% ROI, if you decide to build a garage, particularly if you build a detached garage and create a small apartment above the space to bring additional income to your household.
Sunroom: A sunroom will not bring you as much of a return as other spaces offer. However, you can still expect to see up to 50% ROI on this project.
Additional Bedroom: This addition offers an ROI of around 50%. Keep in mind that if you build a bedroom on your main floor, it will take away precious yard space.
Additional Bathroom: Several bathrooms throughout your house is a large selling perk and can increase your home’s sale price. By adding a single, basic bathroom with little features to your home, you can expect an ROI of approximately 60%.
Second-Story Additions: Adding on a second story of your home may sound expensive and an inconvenience, but it can transform your home and your living space. Additionally, you may find that it is less expensive than other home renovations as you can receive up to 65% ROI on this remodel.
3. A Home Addition Can Make Your Home More Sellable
In addition to increasing the value of your home, a house addition can also make your Kitchener property more sellable. Potential buyers are looking for a home that is move-in ready. They want a place that meets their family’s needs and provides adequate space. When you add on to your home, this makes it more appealing to many families and checks off more boxes on their “must-have” list.
Several additions that can make your home more sellable and appealing to potential buyers include:
- Larger kitchen
- Storage space such as a large pantry
- Dining room
- Master bedroom suite
- Home office
4. To Create a Work Area
Today, millions of individuals work from home. In fact, the number of individuals who work from home has increased by 140% since 2005. This means that more families are looking for a home office or a dedicated workspace. They want a home office where they can focus exclusively on work and be away from the mainstream areas like the kitchen. However, you may not be looking solely for a home office, but a place to perform hands-on-work such as a large garage or a shop.
No matter what type of workspace you plan to add to your home, keep the design of this space in mind. For example, if you are building a home office, you may consider a room with lots of windows. Studies show that offices with ample natural light improve productivity. One study found that individuals noticed an 84% decrease in symptoms such as headaches, blurred vision, and eyestrain in a well-lit office.
5. You Hope to Grow Old in the Home
If you love your current home and you can’t imagine living elsewhere, you should think about how the home will cater to your aging needs. You want to make sure that the home provides an adequate living space for you to move safely and without any assistance.
For example, if your current home has your master bedroom and bathroom upstairs, this may be too difficult to access if you are faced with mobility issues or certain health conditions. You may consider adding to your home and moving your master bedroom on your main floor.
Other ideas to consider to help you age in place include:
Adding a main-floor bathroom. If the current bathroom on your main floor is small, changes may need to be made. You need a space with a large walk-in, seated shower. You may also need additional space to make the bathroom accessible with a wheelchair.
Create wider walkways. Are the hallways throughout your home narrow? What about your door frames? You may need to make some home renovations to your Toronto home to make it easier to move throughout your property with a wheelchair or a walker.
Create larger gathering areas. Could your current living room be expanded to make it easier to move through it or to allow for additional furniture such as a reclining chair? Do you have a small set of stairs that takes you from your kitchen area to your family room? These are all features that will need to be carefully looked at as you age in place.
Build a main floor laundry room. In many homes, you may find the laundry room in the basement or upstairs near the bedrooms. You may want a main floor laundry room to make it easier to complete this basic chore.
6. Your Children Need a Place to Play
If you have young children, you may find that your living room is covered in toys. This will not only take away the beauty of your indoor space, but it will also make your room look small and cluttered. Creating a playroom gives your children a designated place to go. It helps to contain the mess. Not to mention, the living room and bedrooms will look nicer without toys sprawled all over the floor.
This room is also beneficial because it can grow with your children. While they are young, you can use it as a playroom and as they become teenagers, you can transform it into a place where they can go to hang out with their friends. You can place a ping pong table in the corner, hang a TV on the wall, etc. Once all of your children have moved away, you can then turn this space into a guest room or a craft/hobby room. The possibilities are endless.
If you are considering adding on to your home, work with professionals like The Renovators of Canada. These home renovation experts will work closely with you to help you create a home that you are proud to call your own. It will have the space, features, and qualities that you desire in your dream home. Call The Renovators of Canada today to schedule your consultation.