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A home addition is something that not every homeowner is excited about. There is a lot of effort and money influx required for this project, and many people postpone it. However, if you wish to improve your lifestyle and the property’s value, there is no other way to go. So, have a little patience and use some creativity; you are sure to go a long way and reap some amazing benefits in the future.
Before heading on to the list of benefits you get to avail from this investment, let us delve into different types of house additions you can choose from:
- Bump out
- Second story
Following are the advantages you can later enjoy –
- Increased Square Footage
One of the first benefits for homeowners spending thousands of dollars on this project is that they add more usable space. Whether it is in the form of kitchen, bathroom, bedroom, or basement, the possibility to add area just opens a whole world of opportunities for the entire premises. It doesn’t matter how small or large scale you go, you will have some extra space to experiment with.
- Expanded Area for Family
It is fine to live in a compact home when it is just you and your spouse or young kids, but as your family grows, everyone needs privacy and separate bedrooms. A home addition is indeed your best bet in such a situation, especially when you don’t wish to move out or relocate. It is also a great idea if you have your parents or in-laws staying with you for extended periods.
- Extra Source of Income
By extending your home to include an extra bedroom and bathroom, you get the chance to rent it out and enjoy a new source of income. You can build a separate entrance for the tenants altogether to avoid their interference. For the ones who don’t mind sharing their homes, you can always find people looking for one-room rentals and make a little more income.
- Improved Storage
Homemakers with a big family always have a ton of stuff to use but nowhere to store properly. Things like sports equipment, musical equipment, clothing, boots, children’s toys, etc., can be lying around and cluttering up the entire space. Building an additional storage area surely comes as a sigh of relief and improves house and mental health overall.
- Enhanced Property Value
This shouldn’t come as a surprise to you. We all know that buyers today have become very selective during their home purchase and look forward to something extra. A house addition like a music room, home office, or gym adds a unique touch to the otherwise average property and attracts better investors and selling price. And even if you don’t plan to sell the house anytime soon, you can enjoy living in it meanwhile.
Things like sports equipment, musical equipment, clothing, boots, children’s toys, etc., can be lying around and cluttering up the entire space. Building an additional storage area surely comes as a sigh of relief and improves house and mental health overall.