Whether you’re living in your forever home or thinking of putting it up for sale, an addition is a great way to increase your property’s value. However, there are certain interior renovation projects that deliver a better return on investment. Find out which additions qualify in this post.
Bathroom
Potential buyers tend to shy away from homes with too few bathrooms. Adding a full bathroom or a half-bath can increase your home’s value significantly. The same goes for remodeling your existing bathrooms. According to HomeAdvisor’s True Cost Guide, you can get up to a 53 percent return on investment for a bathroom addition.
Kitchen Renovation
The kitchen is the busiest part of the house and where most people spend their time. Even minor upgrades, such as kitchen cabinet refacing and replacing old appliances, can boost your home’s value. If you have a small kitchen, expanding it can also attract potential homebuyers.
Master Bedroom
The return that you can get from a master suite addition depends on how it compares with the rest of the homes in your neighborhood. The more common this room is where you live, the more you can recoup from this addition.
Attic Bedroom
Converting your attic into a bedroom will increase your living space and also grab the attention of buyers. With this addition, you can get an estimated 77 percent return on investment. An attic bedroom can also be used as a home office.
Basement Conversion
In the U.S., finishing a basement can deliver a 70 to 75 percent return on investment. By finishing your basement, you may be able to build one to two extra bedrooms. In most localities, a basement must have at least two forms of egress to be considered a living space.
Deck
Consider adding a deck if you don’t have a patio. Building one will increase your home’s overall living area and is a great investment. According to experts, you can recoup up to 80 percent of the cost when you sell your home.
Design Your Dream Home With DreamMaker
At DreamMaker Bath & Kitchen of Madison, our team can help you choose and design the best addition for your needs. You can count on us to provide you with accurate budgets, timelines and quality workmanship for interior home remodeling! Give us a call at (608) 352-9944 or fill out our contact form to get in touch with our design experts in Madison, WI.