Regardless of the size of your home, installing an addition can be a priceless investment. Homeowners often mistake home additions as a lofty expense, but this isn't true.
With an array of possibilities available, you can expand your home's living space and boost its overall value by adding a unique addition that suits your needs and your budget.
1. Adding a second story
Whether you install a full second story or a partial section, this is a surefire way to increase your home's living space. It is
also ideal for homeowners who need more space but don't want to go through the hassle of selling and settling into a new place.
According to Seattle architect, Jeff Pelletier in a Board & Vellum Architecture and Design article, effectively calculating the cost of a second story all depends on where you live, the size and of the home, the contractor you choose, and the materials they use.
He estimates that in order to install a second story that will accommodate your needs, it may cost up to $300,000. But, it is safer to invest $400,000 to $450,000 for any unexpected costs.
2. Installing a bonus room above the garage
Do you need extra space but don't want to invest in an entire second floor? If your home has an existing garage, then installing a bonus room above it could be the perfect solution.
While this addition may not seem as complicated as building a second story, installing a bonus room is still a pricey and complicated project. Where you live, the size and style of your home, and the contractor you choose will all still impact the price. But, there are areas where you save, according to How To Add A Bonus Room Above A Garage' from Remodel Works.
If you were building an additional room out rather than up, then you would need to install concrete footings and new support beams. For a bonus room above the garage, this isn't the case.
According to SalterSpiralStair, a room addition above a garage will cost up to $35 per square foot. This accounts for furnishings like insulation, flooring, and wiring.
3. Installing a kitchen expansion
It'll probably come as no surprise that a kitchen renovation offers one of the highest returns on investments in terms of home upgrades. But, if your kitchen is lacking in space, then the quality of your kitchen appliances and fixtures may not make much of a difference in swaying potential home buyers. Expanding your kitchen is the perfect way to increase your home's curb appeal and value while also enhancing its level of functionality and convenience.
Like other home additions, the cost of a kitchen expansion is affected by different factors, including the current state of your kitchen, like its size and condition, the contractor you choose, where you live, and the style of your home.
According to Home Advisor's True Cost Guide, expanding your kitchen could cost anywhere between $48,000 to $95,000.
4. Installing a deck
A beautiful, large yard is enough to sway any potential home buyer. But, without the right space to enjoy it, is it really worth it? A deck can create the perfect outdoor oasis, a place to sit, relax, entertain, and seek refuge from the sun. Installing a deck is a creative and smart investment to your home. Plus, you can earn up to 80 percent of the total cost of your deck back upon selling, according to Home Advisor.
The total cost of a deck installation will depend on the parts used, the size of the deck, and the contractor. According to Home Advisor's True Cost Guide, this project can cost you up to $11,000.
5. Installing a mudroom
A mudroom is a charming and functional addition to any home. Not only can you create an elegant entryway, but it will also expand your storage space and give your family a place to shed their outdoor accessories. Hooks, cubbies, and cabinets are all ways you can personalize a unique mudroom that also serves a valuable purpose.
According to Trees Full of Money, installing a high-end mudroom with all the right furnishings that will boost both your home's functionality and curb appeal can cost up to $25,000.
Contact A HomePro Match Contractor Today!
After reviewing your home's needs and your budget, HomePro Match can connect you with a local contractor who can help you choose the right home addition!