Top 5 Home Additions That Pay Off When You Sell
Are you renovating a home? If you’re planning to sell in the future, make sure the home improvements you’re investing in will pay out later. Home remodels and additions often cost in the ballpark of $20,000 – $80,000. You can recover more than half your investment when you add square footage to your home with an addition.
Below are 5 Home Additions that add value to your home and dollars to your bottom line when you sell. If you’re looking for a Home Addition Contractor in SE Wisconsin, get a free quote from Bower Design & Construction.
Deck Addition
Is your home lacking an outdoor space – like a patio or porch? You can easily add value to your home by adding a deck! You’ll get a lot of enjoyment out of your new deck, and it will appeal to potential buyers too. A deck addition typically costs around $7,000 and often returns 75-80% of your investment.
Master Suite Addition
Home buyers love master suites. We can expand your home to create the open bedroom, walk-in closet, and master bath every homeowner (and potential buyer) dreams of. The average cost of a master suite addition is $20,000 – $65,000; with the probability of recouping 60% of your investment.
Bathroom Addition
The number of bathrooms a home has is at the top of every home buyer’s list. Adding a second full bath, a master bath, or even a half bath to your house will increase its overall appeal and sales potential. The cost of a bathroom addition varies. You are likely to regain 50% of your bathroom addition investment.
Kitchen Bump-Out
If your kitchen is cramped and undesirable, a kitchen expansion is a great way to add square footage and value to your home. The cost of a kitchen addition varies by project, and depends on the expansion size and current condition of your kitchen. Adding 200 square feet to your kitchen can cost between $45,000 and $95,000. You’ll recuperate more of your investment if your new kitchen is neutral enough to appeal to any potential buyers.
Second Floor Addition
Two-story additions often return more than half of your investment; up to 65% if your new upstairs features a master suite. Adding a second floor will increase the square footage of your home significantly, make your home more appealing to potential buyers, and increase your resale value. Two-story home additions typically cost between $20,000 and $70,000.
Have Enough Space But Want to Add Resale Value? Consider These Home Remodels
Minor remodels can increase your home’s resale value too. Turn your attic into a bedroom or your basement into a livable space (like a family room, home office, workout area, or bedroom & bath) and you’ll likely see a 70+% return on your investment. Kitchen and bathroom makeovers make your home much more appealing to potential buyers. You can also recoup more of your investment by doing a cosmetic remodel rather than luxury/deluxe remodel.
Home remodels & additions are an incredible way to improve your current living experience and the resale value of your home. Make sure you are working with a reputable contractor and that you agree on price before construction begins.
