Home Additions and How They Add Space and Value to Your Home
No matter if you have been living in your home for many years or it is a recent purchase, you want to create an atmosphere that you love and you are proud to call home. There are many ways that you can spruce up and create a gorgeous living environment, and there are also many upgrades you can make that will improve the functionality, look, and design of your property.
But, if you want to make a significant difference, increase the space in your home, and see a drastic increase in your home’s value, a home addition should be at the top of your list. Let’s take a closer look at home additions, their benefits, and several examples of these large renovations.
Why Choose a Home Addition?
It can be a challenge to determine if a home addition is the right project for your property. Before you proceed with the decision, you want to think about it carefully. There are several questions you can ask to help you make a decision that you don’t regret. These include:
Is a Home Addition the Best Option or Should I Purchase a New Home?
Many homeowners are faced with the dilemma of adding onto their home or to simply put their house on the market and purchase a new property. While both have their advantages, you will want to weigh several key factors before making your choice such as your budget, time, and future plans.
When you choose to complete a home addition, you have the ability to create a space as you want it.
Do You Have a Budget?
The amount of money you spend on a home addition will vary greatly by the size of the project, the contractors that you hire, and more. You can expect to pay on average $200 per square foot on the home addition but you should work closely with a licensed contractor to stick within your budget and to determine the best places to cut costs if needed.
Will a Home Addition Address My Concerns?
Do you have a growing family and need more space? Or do you want to increase your home’s value? Will a home addition address your concerns or are there other options that will require less time and money? The more research and thought you put into the project, the more satisfied you will be with the final results.
The Benefits of a Home Addition
As you determine if a home addition in your Toronto house is the best option, you must consider the benefits of this project. Let’s discuss a few.
Helps You Create Your Dream Home
As you work with a licensed contractor to renovate your Markham home, you can let your creative juices flow. You can work with these professionals to create a beautiful, trendy, and stylish living space that not only increases your home’s square footage but also improves the aesthetic appeal of the living space.
Many of the best contractors have galleries of past projects that you can browse through to gather ideas and implement small details into your project to create a truly customized and functional area.
Gives You More Room
For many individuals, they consider a home addition because of the increased square footage in the home. Whether you are adding a new room, bathroom, or even a garage, you have more space for your entire family and lifestyle needs.
Increases Your Home Value
One of the greatest benefits of a home addition is how this one project will greatly increase the value of your home. The type of room and the amount of square footage you add will affect your home’s value.
For example, adding a new bathroom to your home will give you the biggest return on your investment — an average of 86%. On average, you can expect that for every 1,000 square feet you add, you can increase your home’s value by up to 30%.
However, keep in mind that there are several factors that will impact the return you receive and your increase in value. A few of these include:
- The quality of the home addition. If it is done by professionals, you will receive more than if it is a DIY project.
- The room must be functional to be beneficial.
- The flow from the original home to your addition is smooth.
- You use high-quality materials to complete the addition.
It is best to work with a licensed contractor to complete this project and ensure you have the expertise and the knowledge to complete a beautiful, functional, and usable space.
Home Addition Ideas for Your House
As mentioned previously, one of the advantages to completing a home addition is you have the ability to create a home that you love — that you are proud to call your own. There are also many ways you can transform your indoor living space and ensure you have the space and features that you love. A few home addition ideas for your house include:
A New Bathroom
If you are considering selling your home in the future or your family is growing, a bathroom addition may be ideal. The cost of full bathroom additions will vary depending on the size of your project and the many features and appliances you plan to include. If you want to cut costs, you may consider building a half bathroom with just a sink and toilet. This is also a much faster and more simple project but you still reap many benefits.
Or, if you do not want to complete a full bathroom addition in your home, you can expand a current one to add more space and make the room more functional. Consider implementing more storage space and features such as a walk-in shower or a large vanity.
A Laundry Room
Many homes may have a laundry room in their garage or basement. By building a laundry room on the main floor of your house, you not only increase your home’s value but you make this dreaded chore much more enjoyable. Having a laundry room on the main floor is also a major selling perk if you plan to sell your home in the future. Consider incorporating a mudroom into this area of your home as well for even more appeal.
A sunroom is an excellent way to bring the outdoors inside. You can add large windows, skylights, and doors to create a bright and beautiful area. Brainstorm ideas with your contractor about how to include various features into this space to turn this room into a beautiful indoor living area.
A Family Room
You may feel like the most visited areas of your home are tight and difficult for your entire family to sit in and enjoy. By adding a large family room, your home not only looks bigger, but it is more comfortable, aesthetically appealing, and livable.
Expand the Kitchen
A large, open kitchen is all the rage and if you are considering selling your home in the future, it will greatly attract potential buyers. Rather than add a new room onto your home, just expand your current one. Add more square footage to allow for more counter space, sitting areas, and more.
If you are considering a home addition in your Canada house, contact a licensed contractor such as The Renovators of Canada.They can help you create the indoor living space that you desperately desire. Whether you are looking to add a new living room or even expand your kitchen, they can help you every step of the way. Plus, you can browse their gallery of past projects to help you generate creative and unique ideas to truly transform and turn your home into your dream living space.