Feeling a little cramped in your home? Looking for a way to increase your property value? If your current home isn’t providing you with the room you need, a home addition may be the best answer. There are a lot of reasons why people choose to renovate their current home. Often it’s because they run out of space when their family has grown, or they’d like supplemental income for their financial goals. Whatever the case may be, if you are experiencing any of following list….they may be signs you might need a home addition to solve your problems.
You’re Out Of Space
Often the home you buy as a couple doesn’t serve the same purpose when you have a family. When you’ve run out of space, a new home addition can help you get the room you need without having to move. Say goodbye to waiting for the bathroom, tripping over each other, and sharing closet space with your spouse. With a renovation, you can build an addition with an extra bathroom, a master bedroom with a walk-in closet, a spacious and functional kitchen, and much more.
You’d Like Rental Income
Need to supplement your income? Adding a separate apartment to your home for a potential renter can be just what you need. With a long-term tenant, you can get stable monthly cash flow to use towards other things, like a much-needed vacation, home upgrades, or to put towards your children’s college education.
Your Eldest Has Moved Back
Speaking of college, more and more graduates are moving back in with mom and dad after school. When they return they often come with more stuff than when they left, making it difficult to fit them back into your already cramped space. The easiest way to move them in and give you both the space you need for your sanity is a home addition. And when they eventually move out there’s no loss – a temporary on-suite can be later used for an aging parent or tenant, making it worth the investment.
You’re Looking For More Resale Value
If you’re thinking about selling your home in the near future, a home addition can provide a lot more value to your home. Every home improvement and reno that you make adds to the price tag. And when it comes to the rate of return on money spent, adding a bathroom, family room, or expanding a kitchen can ensure a high rate of return on your investment.
You’d Like To Work From Home
Whether you’re starting a new business or planning to work more from home, you need an area to conduct business without distraction. The kitchen counter often won’t do the trick when your kids are around. What you need is your own personal office, a space you can be productive and efficient. A home addition for an office space can get you all the space you need to work from home.