If you need extra space, consider expanding your home. You can choose from various home addition ideas to improve comfort and functionality while boosting your property’s resale value. Discover some of the benefits of home additions and which are worth the most time, effort, and money.
Cheaper Than Moving
Many homeowners find themselves in a situation where they have outgrown their house, but leaving their beloved home and community is not an option. The emotional and financial stress of moving outweighs the cost of building an addition. Customizing a house that has already been loved and lived in is often a better solution than starting over in a new home.
Home additions can provide additional space and functionality and can be a more cost-effective solution than buying a new home. The average home addition costs an average of $46,000.
Boosts Your Home’s Value
Home additions add square footage and functional space to a home, making it more attractive to potential buyers and increasing its resale value. The top ten home additions, including a finished attic space or a third bedroom, can increase the resale value of your home by between 2.2% and 7.3%, netting you up to $22,000 on the sale of your home.
Even if you don’t plan to sell your home, the addition can boost your home equity, increasing your net worth.
Before building a home addition, calculate the cost per square foot of the renovation and compare it to the price per square foot of similar homes in your area.
For example, if the total cost of the renovation is $50,000 and the actual square footage of the addition is 500 ft², the price per square foot would be $100/ft². If the cost per square foot of the renovation is lower than the cost per square foot of similar homes in the area, the renovation is a wise investment.
- Bedroom Addition
An additional bedroom adds value to a home and can increase the resale price by nearly $20,000. A bedroom addition can cost $100-$150 per square foot and usually requires a building permit.When planning a bedroom addition, consider your goals for the space. Do you need an extra bedroom to use as a nursery for your growing family? Or do you need a home office that doubles as a guest bedroom for visitors? - Bathroom Addition
A new bathroom can increase your home’s resale value by 5.7%. And, in situations where a home only has one bathroom, adding a second or even a third one can make a home more attractive to buyers. When planning a bathroom addition, consider the size, layout, and location of the new bathroom with the existing floor plan. For example, a bathroom near the bedrooms can be more convenient for early morning use. At Big State Construction, we opened up a cramped private bathroom at the Marlborough House by adding a larger shower area and connecting the space to the walk-in closet. - Spaces to Help Declutter
With approximately 17.9% of the U.S. workforce working remotely, creating a dedicated home office space has become necessary for many homeowners. - Bonus rooms can also provide children a space to play and help keep the main living areas free of toys and craft supplies. Mudrooms at the back door are an excellent addition to keep clutter out of living spaces and organize items such as shoes and sports equipment.
- Modified Spaces
Top Home Additions
There are several home additions to choose from, each with unique benefits. Deciding which type of addition you need depends on your lifestyle, budget, and the home’s existing layout. Some of the most popular home additions include:
Home additions don’t always have to involve the construction of a new space. For example, converting an attic into an extra bedroom or enclosing a patio to make a sunroom can provide additional square footage without requiring new construction.
Choose Big State Construction
At Big State Construction, we have been remodeling homes since 2017. We are passionate about making homeowners’ dreams come true through residential renovation and construction.
If you are considering a home addition to improve your home’s value and increase the functional space, call Big State Construction. We strive to make the construction and renovation process easy for homeowners and provide a warranty on all our services. Get a quote or contact us today to explore options for renovating your home.