The Best 5 Home Renovations to Increase Your Property Value
As families grow or their needs change through the years, you may find yourself outgrowing your home. However, if you love your space and have no desire to make a move, it may be time to renovate. But we know all too well that renovating a home may feel overwhelming and difficult to figure out where to start.
So, today, we will be sharing our top 5 renovation and addition ideas that will not only increase your livable space but also increase your property value…
1. Increase Value by Building Up
If your HOA and structure allows, building a second story to your home will double the space without expanding the footprint. Adding the additional square footage will always increase your home’s value.
Finding a contractor with experience and references in building a second story addition is key. Adding this additional space versus moving to a larger home, oftentimes, is the more affordable option.
2. Add Space with an External Expansion
If you are looking for an option that won’t disrupt your daily lives, and if you have the available space, adding an ADU (Accessory Dwelling Unit) to your property may be the perfect solution. There are several companies that specialize in this type of planning, permitting, and construction that are worth looking into. Whether you are looking to add a granny flat, casita, in-law quarters, or separate office space, the possibilities are endless. As property values continue to rise, this option is also far less than the cost of moving.
We have seen some adorable, stylish ADU's all over Pinterest and view this as a huge value for the investment.
3. Add a Wing and Increase Property Value
If adding an additional room or wing to your footprint is the thing you find the most desirable, this too will raise your value by increasing your square footage and room count. This option may be the best choice to guarantee a layout that you will be happy with for years.
Another option is a loft addition. We have been involved in several vaulted ceiling, loft conversions that are also a way to keep the existing floor plan, but mix it up to increase livable space and square footage. If you have a vaulted ceiling and can adapt to a lower ceiling height, this is a great way to increase your space.
4. Create a Livable Lower Level
If you are fortunate enough to have a basement in your home, finishing it to include a livable space is a great solution. This space could convert to a playroom, gym, office, or additional bedrooms. Things to consider with this type of renovation are adding on a bathroom to this space or creating additional storage elsewhere.
This renovation takes place in an area that you generally do not use day-to-day, making this a fairly easy way to add on without the discomfort other remodels might create.
5. The Money Room Upgrade
Let's talk kitchens. Updating your outdated kitchen will have the biggest return on investment. If it’s additional space you need in your kitchen, changing the floorplan of the kitchen and not always the size, can make a kitchen feel larger and more functional.
Oftentimes, clients hire us to help renovate their kitchens because the possibilities are endless, and it feels overwhelming to narrow down selections. It is also important to understand how your family functions and what additional cabinetry accessories or floor plan changes will be the most beneficial. Bringing in a professional can be very helpful to navigate this process.
If you find yourself considering a move to increase your space, we encourage you to look within and contemplate renovating your well-loved home. It almost always increases your home’s value while providing the space you desire.
And…if you're looking for a team to manage your project from concept to completion, we've got your back! Contact us and let's get to know each other.
Warmly,
Alison + Andrea
