With that said, you must
be ready and prepared of all the necessary plans, concept, budget and most
importantly, time and energy. Don’t just jump into it without getting all
the itsy-bitsy details straightened out first.
Impulsive decisions
brings nothing but frustration and disappointments. So before calling your
contractor, know what type of additions you are planning to build. Better yet,
know what type of additions do you need?
Defining those needs
allow you to have better perception on what or which part of the house requires
bigger and more functional space. With that in mind, it is now easier for you
to visualize the type of additions necessary for your home. You can even
conceptualize the design styles, the aesthetics, the paint colors and more...if
you have the art. Nonetheless, even if you are not that artistic, at least you
can now better convey your ideas to your contractor.
Once you are ready, you
can contact your contractor and discuss with him the necessary details: plans,
budget, design, etc...
To help you with your
planning and to give you more inspiring ideas on various possible additions for
your home that adds value to it; I have listed below some useful suggestions
you can include in your renovation plans.
Second Story Additions
If you think a space as
big as your current floor area is needed and necessary, then a second story addition
is best. That is of course presuming that your lot area is not that wide.
Although adding another floor is no doubt one of the most expensive additions
to carry out, but it also adds great value to your home. Before pushing
through with this plan, make sure to visit or call the local zoning office to
confirm if adding a second story is legally allowed in your area.
Bathroom Additions
Adding another bathroom
is a cost-effective investment for homes. Depending on the number of household
members, the space available, bathroom fixtures preference, etc... You can
install a half-bath, a full-bath, or a full-bath with a tub. For half-baths,
the space required is at least 18 square feet while for full-baths with a
stand-up shower must be at least 30 square feet. An additional 5 feet is needed
if a tub is installed. Adding a mid-range bathroom gives you a recoup value of
55% the most, that is according to Remodelling Magazine’s 2013 Cost VS. Value
Report.
Outdoor Deck Additions
Installing decks
increases the value of your home especially using composite materials. Wooden
decks however are more budget-friendly. But according to the Cost vs. Value
report, the recovery value of a composite deck is only 67% while the wooden
deck is at 77%.
Attic Bedroom Additions
Adding another living
space is a great idea, a sure-fire way to boost value of your home. And even
wiser if you will just turn your dusty, often ignored area of the house
into a sweet, clean and fresh looking bedroom – the attic. Isn’t that a perfect
idea?
Kitchen Additions
The kitchen is
considered by many to be the soul of the house. Thus adding more space to it or
refurbishing its appearance a bit, surely pay off. Normally, homeowners get to
recover 60% up tp 120% of your investment as long as it should not be too
exuberant compared to the other houses within your area.
Reinvent Existing Unused
Space
Many of us have unused
spaces in our homes. We just tend to ignore it or perhaps fail to realize that
it is actually possible to turn a junk space into something useful. It can even
be an income potential space.
Take basement for
example, more often than not, basement’s become our junk or storage area. Such
a waste of space right? If you turn that into a bedroom or an entertainment
room, a game room or even a study room, definitely it just wouldn’t look nice
but more importantly it gives added value to your home.
Here’s another great
space but then again turned into a junk spot - the garage. Yes, your garage can
be remodelled into a room, a pad, a rental space. Simply put, reinventing left
out spaces of your home gives you extra useful spaces and an increases home
value.
There are more ways you
can add value to your home. Additions or home improvements (as suggested above)
are great ways to keep your home market value competitive. However, lavish and
too luxurious improvements is way too expensive and is not practical anymore,
unless you are located in the elite community. Otherwise, make it simple yet
versatile and appealing yet useful.
What is important is
that the new additions or improvements you undertake adds beauty to your home
and gives you and your family comfort.
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