5 Additions That Can Increase Your Home’s Value

January 3, 2022
edcurrie

Did you know winter is actually one of the best times of the year to plan an upgrade for your home with a room addition? Unlike muddy, humid spring and summer months, the dry air and frozen ground are ideal conditions for laying foundations and pouring concrete. And because many builders aren’t booked up during winter months, it’s easier to find the perfect contractor for your project. So if you’re ready to add value and space to your home this winter, here are a few ideas to help you get started. Enclose Your Patio Or Add A Sunroom Three-season rooms and outdoor patios are the perfect settings for entertaining guests and enjoying the outdoors without having to worry about annoying pests like mosquitoes. Simply by enclosing your existing patio, you can use existing space to add extra room. Depending on the size and scale of the project, the cost of enclosing your patio is typically anywhere between $8,305 and $24,402 while three-season rooms cost anywhere from $20,000 to $70,000. Add A Mudroom Mudrooms are a perfect way to keep your home clean and organized. Existing entryways can be expanded with minor upgrades allowing you to incorporate coat hooks and cabinets for a stylish, space-saving addition. On average, mudroom additions cost between $2,880 and $7,200. Expand Your Laundry Room And Move It Upstairs Convenience is becoming an important part of modern living, with most new homes incorporating a second laundry room on the second floor. So if you’re looking for a way to add value to your home, consider this addition. Adding this sought-after home feature typically costs between $5,000 and $7,000. Increase Your Kitchen Space While expanding your kitchen space can cost between $12,000 and $21,000 for a basic expansion, homeowners can recoup most of the costs of the upgrade when they sell their home. Bump-out additions help increase the square footage of your kitchen and are perfect for walk-in pantries or breakfast nooks. Upgrade Your Bathroom Whether it’s upgrading to a master bathroom or adding a new bathroom to your home, this addition is a great way to increase your home’s value and many homeowners see a return on investment on average of 60 percent or more. Depending on the size of the addition, you can expect to spend $6,000 to $15,000 for a remodel or upgrade, and between $50,000 and $90,000 for a full addition. Looking for help financing your next addition? Ed Currie and his team are here to help. Whether it’s discussing construction loan options or rates, they’ll make sure you get a loan that fits your needs and your budget. For more information about financing your next home addition, schedule an appointment with construction loan expert Ed Currie today or call us at 847-214-2404. Check us out on Facebook, Twitter, LinkedIn, Pinterest or Instagram for our latest tips and updates!

Enclose Your Patio Or Add A Sunroom

Three-season rooms and outdoor patios are the perfect settings for entertaining guests and enjoying the outdoors without having to worry about annoying pests like mosquitoes. Simply by enclosing your existing patio, you can use existing space to add extra room. Depending on the size and scale of the project, the cost of enclosing your patio is typically anywhere between $8,305 and $24,402 while three-season rooms cost anywhere from $20,000 to $70,000.

Add A Mudroom

Mudrooms are a perfect way to keep your home clean and organized. Existing entryways can be expanded with minor upgrades allowing you to incorporate coat hooks and cabinets for a stylish, space-saving addition. On average, mudroom additions cost between $2,880 and $7,200.

Expand Your Laundry Room And Move It Upstairs

Convenience is becoming an important part of modern living, with most new homes incorporating a second laundry room on the second floor. So if you’re looking for a way to add value to your home, consider this addition. Adding this sought-after home feature typically costs between $5,000 and $7,000.

Increase Your Kitchen Space

While expanding your kitchen space can cost between $12,000 and $21,000 for a basic expansion, homeowners can recoup most of the costs of the upgrade when they sell their home. Bump-out additions help increase the square footage of your kitchen and are perfect for walk-in pantries or breakfast nooks.

Upgrade Your Bathroom

Whether it’s upgrading to a master bathroom or adding a new bathroom to your home, this addition is a great way to increase your home’s value and many homeowners see a return on investment on average of 60 percent or more. Depending on the size of the addition, you can expect to spend $6,000 to $15,000 for a remodel or upgrade, and between $50,000 and $90,000 for a full addition.

Looking for help financing your next addition? Ed Currie and his team are here to help. Whether it’s discussing construction loan options or rates, they’ll make sure you get a loan that fits your needs and your budget. For more information about financing your next home addition, schedule an appointment with construction loan expert Ed Currie today or call us at 847-214-2404. Check us out on Facebook, Twitter, LinkedIn, Pinterest or Instagram for our latest tips and updates!