Your house is not only a place of comfort and personal enjoyment, it is also a potent investment. If you plan it right, the money you put into it could grow by leaps and bounds if you ever decide to sell.
What ups your house’s value requires additions. Adding onto a house can be a long process, but with the right forward planning, it can be smooth and lucrative.
Interested in seeing what you can do to up that property value? We have the guide for you. Read on below!
The Things to Consider When Adding Onto a House
Adding onto a house is a big deal. Construction can not only cost a lot, but it can get in the way of your day to day activities. There is a lot you need to consider before you jump ahead.
The pre-project phase has a lot of details but boils down to 3 major parts. You need to consider each of these aspects with care. Some of them can even stop your entire project!
1. Planning Permissions
Building permissions is a big part of living within the jurisdiction of a city. While you may own the property and the house, there are guidelines for building in certain areas.
These guidelines are set up for people’s safety for the most part and while most mundane projects around the house are fine, you should always double-check with your local government.
2. DIY vs. Professional Care
Big home improvement projects take a lot of work and require a lot of time, labor, and an understanding of how to get from blueprint to finished project.
It can be tempting to try and do a Do-It-Yourself project for your home renovation. This can save you money on labor costs, but you may pay for it in other ways, such as redoing mistakes and lost time with a smaller crew.
On the other hand, you can hire a professional team. This will put a lot of money upfront, but for that cost, you can get a professional guarantee of quality.
In the end, it depends on the scale of a project you are willing to push. If you feel your handy work is up to the task, then use your best judgment. When in doubt, professionals are there to help.
3. Cost vs. Value
When you are ready to decide on a project to add value to your home, crunching the numbers boils down to whether the project costs less than the value you are adding to the house.
There are other factors. Even if you end up losing money overall, the added value could be in the speed you were able to sell the house.
If you ended up enjoying the addition to your home for a few years, then the value added by selling can be pure extra.
The Seven Big Options
What project you choose for adding onto a house is up to your personal tastes. Some add a lot of value depending on the area or time of year. Some can add more personal enjoyment at the cost of monetary value.
These 7 additions to your home are some of the most popular items of significant value. Consider them as you plan out your project.
1. Converting Old/Unused Places
From old cellars to unused garages, if you didn’t build the house from scratch, there is liable to be some open areas waiting for renovation. What you do with them depends on your goals for the future and the rest of your house.
Lacking a bedroom for guests? Turning the unused garage into an insulated and comfortable guest house can be fantastic. Need more storage space? Some simple fixes and upgrades to a cellar can work wonders.
2. Splitting Off Into Apartments
Renting space is a popular idea for property managers. Renting a house can be expensive, but with the right kind of sectioning, a house can become a series of apartments.
The best part of this build is the sectioning doesn’t have to force a use. A house sectioned off for apartments can still be a single functioning house with the right use of doors.
3. Expanding the Kitchen
A kitchen is often a wonderful meeting place for family meals and parties. Adding on to the kitchen can mean any number of things.
You can craft a space for an in-kitchen dining area, allowing for more easy, casual gatherings.
You can sprawl out the kitchen itself into other rooms to make space for more appliances or an island for more counter space.
4. Loft Bedrooms
Loft bedrooms are a popular addition. They give a nice sense of privacy and a unique bedroom feel to it. Lofts can also help split your house up into more than different floors, giving your home a different shape and design.
For those interested in a small center to take themselves away from the activity or a simple interesting view that a regular bedroom can’t afford, the loft gives you a lot of options.
5. Adding On a Pool
Pools are the pinnacle of summertime fun. They are often a center point around dozens of gathering. Turning a simple backyard into a backyard with a pool is a huge upgrade, but it can cost ya.
How much does it cost to build a pool? This is a massive project and a major investment. Leaving it to the pros is in your best interest. Follow the link to Sahara Construction and they will help you out.
6. Growing a Garden
A beautiful garden is a wonderful thing to gaze at over a cozy Sunday afternoon or a perfect end to a stressful day in the evening light.
Whether you have a green thumb or not, a garden can be a great investment. Unlike the other projects, they are more form over function, but also require maintenance and care.
On the other hand, starting a garden is the lowest cost project on this list and can even be a fulfilling hobby in itself! Build it into your porch, or next to your new pool, and you can have a vibrant backyard for everyone.
7. Conservatory Additions
To fit with a garden project is potential conservatory additions! Conservatory windows often stem from floor to ceiling with thick windows, keeping insulation while taking in sunlight and a gorgeous view.
You could install conservatory windows almost anywhere, to give views of your backyard, front driveway, or even potential ceiling windows for a sun view.
Home Additions for the Lifestyle You Crave
Getting some solid ideas for your own home? With a better perspective about adding onto a house, your new projects will not only look nice but give you some fantastic late-term value.
In the meantime, there is much you can enjoy around the house and elsewhere! From lifestyle and tech to travels and more, The WoW Style has so much to keep you going. Check out one of our other articles today!