One of the main reasons people invest into home additions is to get back their investment several folds when they eventually sell their property. However, if you are building home addition, you should know that not every addition is suitable for this. Here are some ideas that are guaranteed to help you maximize your ROI.
Building Up Has All The Advantages With Zero Drawbacks
In every other home addition, you are using the space that is already available to you, and what this basically means is that you are switching its use from one thing to the other. A few examples are using your lawn space to build a pool or taking down a garage to create space for another room or a garden. Building up on the other hand has no such restrictions and you can practically build a second story on your existing construction in whatever way you see fit. This essentially gives you as much double the living space for no extra cost, other than what you will incur for the construction itself, resulting in the maximum ROI you can get from any addition.
Design A Master Suite Complete With Amenities From Scratch
Another way to maximize your ROI through an addition is to build a master suite on your property. Load it up with all the essentials for living as well as any amenities that you think will help make it a lucrative proposition for potential buyers. It is okay if such an addition does not make sense to yourself, but a lot of people are searching for homes out there with such a feature, and since your only goal is to maximize ROI, these are the kind of buyers you are targeting.
Build An Additional Kitchen Or Perhaps Extend The Current
Another popular home addition among home buyers, especially young new couples who like to party it up with friends and family, is an outdoor kitchen where they can set up a barbeque and prepare food for celebrations without their main kitchen getting dirty. When building such a kitchen, make sure that it is self-sufficient, with its own water, gas and electric supply as well as a functional drainage system.
Extra Bathrooms Are A Smart Addition For Any Living Space
You can never have enough bathrooms in the room, and adding more bathrooms is a good way to maximize your ROI during a home sale. How much you get from your investment depends on the scale of the addition and the cost of the materials and addition contractors. A bathroom with luxurious furnishings and value added features like a built in Jacuzzi will obviously net you a much higher return on your investment compared to something that just has your basic bathroom features.
An Outdoor Deck Can Bring More Curb Appeal To Your Home
Improving the curb appeal of your home is one of the best ways to maximize your return on investment during property sale, and a viable method of doing that is to equip your home with a fully furnished deck or patio and assortment of lounge chairs and tables. This will help give your home a welcoming and cozy appeal for those looking from the outside. The exterior of your house is the first impression that potential buyers will get, and wooing them when they haven’t even set a single step in your home is the perfect way to seal the deal.
Pools Are In High Demands Among Potential Home Buyers
Want to go above and beyond with improving the return on your investment with your property sale? Couple the deck we suggested earlier with a swimming pool. The two make the perfect combination and will transform your home from just a place to live into somewhere where the whole family has fun.
Construct An Office In Your Home To Cater To The Pros
The pandemic has made it clear how important working from home is for people, and for many professionals out in the market right now for a new home, a place with a built-in home office is just the right place to live. Cash in on this idea, which has always been in high demand, but now its worth has skyrocketed.
Furthermore, choose home addition companies DC that have the best combo of expertise and experience.