Increasing Value Through Additions to Homes

Housing prices increased by 18.7 percent over the past year as supply remains tight in the market. The high home prices allowed most homeowners to profit from their investments years ago.

New homeowners can also benefit from the situation through custom additions to homes.

A home addition can increase the resale value of the home. They can range from simple enhancements to the interior design to a garden improvement to a complete home remodeling project.

Here are several home additions that many homeowners can make to raise the resale value of their homes:

Ways to Increase Home Value

Here are some ways for homeowners to increase the value of their homes.

Increase the Square Footage of the Home

Increasing Value Through Additions to Homes enhance outdoor living space
One way to add value to your home is by increasing the livable square footage. (Photo by Pixabay)

Home buyers are always looking for more space. One way to add value to your home is by increasing the livable square footage. Homeowners can do this by finishing a basement or attic.

Homeowners can also add an extension to the home. Not only will this make your home more valuable, but it will also make it more appealing to potential buyers. Here are some ways for homeowners to increase their home’s square footage.

  • Adding a home office. The pandemic saw many companies asking their employees to work from home. The situation created a demand for homes with an office. If you have the space, consider adding an office to your home. You can even convert a spare bedroom into an office.
  • Adding an extra bedroom. Another way to add value to your home is by adding an extra bedroom. This extra room especially appeals to families looking for more space. Not only will this increase the square footage of your home, but it will also make it more appealing to potential buyers.
  • Opening the floor layout. One of the trends in home design is open floor layouts. This means no walls separating the living room, kitchen, and dining room. This make