Owning a home is one of the most significant financial assets in today’s society. In the United States, 64.8% of Americans are currently homeowners.
Most homeowners want to increase their property value but don’t know where to start.
Adding on to your home is a great way to increase value and upgrade your home. Additionally, doing so will allow you to be more profitable once you decide to sell your property.
There are a variety of different add-ons that owners contemplate installing. Keep reading to learn about some home additions you should consider!
1. Swimming Pool
A swimming pool is a great home improvement for those wanting to add recreational fun to their property. An underground pool is a luxury many families look for when buying a home. Pools are especially sought after in hotter climates as owners want an easy way to cool off.
Installing a pool onto your property can increase its value by up to 8%. The cost of installing a pool may be expensive, but you will hopefully profit off it when you sell your home.
Underground pools are great for families, athletes, and the elderly. Families enjoy pools throughout the summer while athletes train and condition. Elderly folks can use the pool for low-impact exercises that help with arthritis and stiffness.
Another way to increase home value is to add a garage to your property. A garage is a structure that many homebuyers see as a must-have. Most buyers want at least a two-car building with extra room for storage.
Garages offer protection to vehicles from bad weather, sunlight, dirt, etc. It also helps maintain the value of their cars by keeping them in good condition.
A garage is also a great place to store belongings, tools, and equipment. Many include workout gear in the area to avoid going to a public gym.
3. Guest House
A guest house is another asset to consider if you have enough room on your property. This house will allow frequent visitors to have their own space for their stay. They’ll feel more comfortable as they can have complete privacy when needed.
This add-on doesn’t have to be huge but should have enough room for the essentials like a bathroom and bed. You can add anything else you think your guests may need during the building process.
A guest house is an excellent option for resell as many buyers will see this as an investment. If it is well outfitted, you could rent it to a tenant for income.
Some owners choose to use this space for themselves when no guests are present. They may use this house as an office, gym, or entertainment area.
4. Privacy Fence
Installing a privacy fence will boost your home’s value for multiple reasons. These fences are made from various materials and are usually around six feet tall. This height offers seclusion from neighbors and those passing by.
You’ll feel more comfortable as you don’t have to worry about peering eyes in the area. These fences are great for pet owners, as they don’t have to worry about their furry friend escaping.
A privacy fence offers security to your home as well. Trespassers usually watch the house before intruding. Thanks to a privacy fence, most don’t know what’s on the other side and won’t take the risk of being caught.
The first thing people look at is the outside of your home and landscaping. Landscaping may not seem like a necessary addition to your home, but it does add value. Landscaping is where people make their first impression of your home.
Good landscaping will give them a positive outlook on the home. Your lawn can accentuate your home’s exterior by creating vibrant colors. These colors will help with curb appeal and bring interest to your house.
Hiring a professional company may benefit those with overgrown grass, trees, bushes, etc. They will work to trim everything down and get everything back to a healthy state. Landscapers will help educate you on what will grow well in your area and how to maintain your lawn.
6. Upgraded Appliances
Upgrading your appliances will increase value in multiple ways. As you’ve lived in your home, your appliances have probably become worn over the years. They may no longer be working efficiently, making your electric bill more expensive.
Most new appliances are Energy Star certified, meaning they take less electricity and are cleaner to run than dated appliances. You’ll spend less money powering new devices and help the environment simultaneously.
If you plan on selling your home, buyers will be happy to see new appliances. They will often spend more since they won’t have to take on outfitting the house with necessities.
A sunroom is an addition perfect for those who love the outdoors and relaxing. This add-on gives homeowners a place to enjoy the outdoors without worrying about the weather, bugs, wind, etc.
Many families enjoy leisure areas like sunrooms to spend time together. A sunroom gives you versatility as it can be used for many different things. It can be an extra area for visitors, parties, or hobbies.
Home Additions That Add Property Value
Home additions are a great way to improve your property overall. As you add on, your value will increase while creating more benefits for your home.
Contact us today to get a quote if you have any drafting needs! We will happily help you design any of your ideas here at Jay Cad!