If you’re like most of the country, you’ve probably been spending a lot more time at home this past year. Is it time to invest in a new home addition? If so, choose carefully. Not all additions and renovations are created equal—some offer a high return on your investment, while others are less likely to increase your home value. Reading these tips and working with the best Michigan general contractors ensures that you’ll get the most bang for your buck.
Not having enough bathrooms is one of the top things that turns buyers off. No one wants to fight for a shower time slot, especially when their family includes a child or two. Adding additional bathrooms will net at least a 53 percent ROI—and will significantly improve your sanity, too.
If you already have enough bathrooms for your home size, remodeling them is a high ROI proposition as well. Adding modern fixtures, larger windows, glass shower doors and other simple luxuries will go a long way toward transforming your bathroom into a peaceful oasis.
A second story
You can add a lot of value to your home simply by adding more square footage. A second story addition is a great way to increase the number of bedrooms and bathrooms, and you can expect a 65 percent ROI. This is a major project, so expect to pay anywhere from $20,000 to $65,000 on average.
Expand your kitchen
Kitchens are another “make it or break it” feature in your home. Renovating or expanding your kitchen will net a significant ROI, depending on what you choose to do. As always, adding more square footage to your home will attract buyers, but it also means a higher price tag. If you can get away with simply remodeling and replacing your appliances, you’ll still be in great shape when it comes time to sell.
Add a master suite
Adding a master suite to your home (including an en suite bathroom) can return about 63 percent on your investment. Plus, a bigger bedroom offers plenty of opportunity for relaxation, bigger closets and more. Prospective buyers will love having a quiet private space.
Build a deck
Finally, outdoor space attracts buyers, too. Consider building a deck outdoors to make the most of your backyard. This project offers an 80 percent ROI, which is the highest percentage on this list. Buyers love having additional entertaining and living space, especially during the warmer months.
Whichever renovations you choose, make sure you do your research first. Making smart remodeling or addition choices can significantly increase your home’s overall value.
Thanks to the weather in Michigan, construction season here typically starts in April or May. It’s hard to stay on schedule—which is why Qualified Roofing is running 5 to 7 percent off discounts when you agree to flexible scheduling. If you’re ready to work with the best Michigan general contractors, call us today to learn more and schedule a consultation. We look forward to hearing from you!
Categorised in: Home Additions