As time passes and your family grows, you realize that your home needs to be expanded. When it comes to making a sound choice, there are two options to consider: search for a larger home or update your existing home.
While the thought of living in a construction zone may be unappealing, adding on is less expensive, less stressful, and will increase your property’s value. Additionally, you’re able to stay in the home where you and your family have built memories while being able to customize, update, and add value to your investment. We naturally grow attached to our homes on an emotional level, so this is a great choice for those not ready to let go.
Here are five ways to add space to your home that won’t break the bank.
Timothy J Dennis
1. Build up or out with an addition.
The average return value for an attached addition averages 86.4%, depending on the location, size, and type of addition.
Whether building up or out, a home addition is a great way to create more living space. Add a master suite, bedroom, family room, play room, office or home gym. In law quarters are another great way to add to a home when living with extended family. Doing so will give everyone privacy, personal space, and a customizable area that feels more like home to them.
2. Add a sunroom.
A sunroom has an average ROI of almost 50%.
Sunrooms are similar to additions in that they add versatile living space, but a sunroom adds more natural light and is a comfortable way to enjoy the outdoors in a climate controlled, bug-free environment. An all season sunroom can be used year round because it is insulated and climate controlled while a three season room is best enjoyed during the spring, summer, and fall.
3. Finish your basement.
A mid range basement finish has an average ROI value of 70%.
Typical basement finishes include framing, insulation, drywall, flooring, and ceiling. You can also add trim, doors, bedrooms, bathrooms, a bar, fireplace and other amenities. A basement can be finished to become a small apartment, family room, bedroom, or home gym. Before considering finishing the basement, you need to significantly decrease the level of moisture. This can be done by reducing seepage, filling cracks, sealing the foundational wall, and applying a waterproofer.
4. Finish your attic.
The typical ROI value for finishing an attic is 56%. If you need more space, you can even go the extra mile to have a dormer installed, which has an ROI of 40%.
Finishing an attic is a great way to add an additional bedroom, play room, craft room, or office space to your home. By adding electric, a subfloor, insulation, drywall, paint, and luxury vinyl flooring, the attic can be transformed from a storage area into a stylish living area. If it’s still a bit too hot, install a ceiling fan for airflow.
5. Transform your garage into living space.
A solid garage transformation can give you up to an 80% ROI value.
If you have a garage you rarely use, turning it into a home addition will save you yard space and prove to be a good starting point with the structure already being built. By adding insulation, air conditioning, electric, drywall, and windows, a garage can easily be turned into a master suite, in law quarters, or a couple of bedrooms.
Comfort, unforgettable memories, functionality and value are what we all want in a home. For more insight on what will work for you and your family and to schedule your free estimate, give the BLM Construction office a call at 717-650-1472 or fill out our online contact form.
About BLM Construction & Remodelling, LLC
BLM Construction & Remodeling is a local, family-owned residential and commercial general contractor that has been servicing customers in the York, Adams, Lancaster, Cumberland, Dauphin and Lebanon counties since 2001.
