If you keep eyeing “For Sale” signs, it might be a sign your house needs a facelift. Houses can lose their luster over the years, and a few small upgrades might be just what your home needs to feel new again. If you’re looking to truly boost your house’s value and transform it into an asset, then a home addition is the best possible solution. With a small initial investment, you’ll have extra square footage that will give your home extra value and pay off in the long run.
- Don’t Waste Money on Moving
If you’re unsatisfied with your current house, it can be pretty tempting to just pack up and jump ship. The idea of moving into a fresh new house can definitely seem more appealing than staying put and fixing your house. What people tend to forget, though, is that moving is expensive. It’s not just the cost of packing up your belongings and paying movers that you have to worry about, but all the fees and extra costs associated with buying and selling a house. It can add up to more than you bargained for and cause you a heck of a lot more hassle.
A way more affordable and easier option is to simply add an extension to your house; you’ll get more space with a modern design for less than you’d expect to pay – especially if you enlist the expertise of pros like Granny Flat Finder. Plus, you could have the extension completed in a week or so, instead of the months spent preparing to move and settling in.
- Increase Your Selling Value
The added space of a home addition will boost your home value much more than you’d expect: people love space in houses, especially extra areas that have a little privacy from the rest of the house. It can be a major selling feature to buyers, especially if it is modernized and has bonus features like an en-suite bathroom or kitchenette. Creating extra square footage in your house is one of the best decisions you can make if you plan to eventually sell it, and it can be a lot easier than you’d think. Converting a loft into an extra bedroom with a private bathroom or extending the side of your house towards the back for an extra living room are easy ways to make your house work for you in the long run.
- Make a Profit
Not only can you boost the selling value of your house for the future, but you can actually start seeing a return on your investment right away. A bedroom or apartment can be rented out for hundreds to thousands per month, depending on your area. A few months of this can quickly recoup what you initially put into the addition, and continue to turn a profit for you—who wouldn’t like a bit of extra cash each month? Plus, if you decide to stop renting, you still have this extra living space for your family to use and enjoy. Win-win!