July 23, 2024
5 Amazing Additions That Add Value To Your Home
When you have your home just the way you like it but find yourself needing more space, an addition can be an excellent solution. Not only does it provide the extra room you need, but it can also significantly increase the value of your property. Here are some impactful additions recommended by expert home extension contractors Memphis. These home additions will surely enhance your living space and your home’s market value.
Finished Basements Memphis
While not traditionally considered an addition, transforming an unfinished basement essentially achieves the same outcome. If your basement lacks flooring, insulation, and walls, starting from scratch can feel like adding a whole new part to your home. A finished basements Memphis is a substantial renovation that deserves a spot on our list of significant home improvements.
- Benefits:
Finishing a basement is more than just creating additional space; it opens up a world of possibilities. You can design a new entertainment area, extra storage, or even a dedicated workspace. This blank canvas allows you to tailor the space to meet your specific needs and lifestyle.
- Value:
Investing in a finished basement can yield a return on investment (ROI) of 70-75% on average. If you’re focused on maximizing value, consider including a bedroom and bathroom in the basement. These elements tend to offer the highest returns when finishing this part of your home.
Expanding Your Kitchen with Home Extension Contractors Memphis
One of the most transformative additions is expanding the kitchen. Many homeowners crave more space in their kitchens, and this addition not only increases square footage but often leads to a complete remodel.
- Benefits:
With a larger kitchen, you can create the culinary space of your dreams. Take help from professional home extension contractors in Memphis and plan the expansion accordingly. Expanding the kitchen area allows for more efficient cooking and baking, ample storage, and the capacity to entertain larger groups. Imagine installing those double ovens you’ve always wanted or having enough room for a sizable kitchen island.
- Value:
While expanding your kitchen does add value, it’s worth noting that the ROI isn’t as high as with some smaller remodeling projects. Therefore, if you opt for a full kitchen addition, it’s best to do so with the intention of enjoying it for several years. Sticking to a budget is crucial to avoid overspending on this extensive project.
Adding a Bathroom with Home Extension Contractors in Memphis
Among the most popular home additions is the bathroom. Whether it’s a half bath for guests or an en-suite for the master bedroom, additional bathrooms significantly enhance comfort and convenience.
- Benefits:
Adding a bathroom is primarily about improving daily life. For instance, townhouses might benefit from a half bath on the main floor for guests, while families may enjoy the privacy of an extra bathroom in the master suite. It eliminates the hassle of sharing bathrooms and increases the functionality of your home.
- Value:
This addition can be particularly valuable if you currently have only one or 1.5 bathrooms. Adding another bathroom can make your home more appealing to potential buyers, who often prioritize having enough bathrooms to avoid future renovation costs.
Sunrooms Construction Memphis
A sunroom offers a unique way to enjoy the outdoors from the comfort of your home. Sunrooms construction Memphis can be achieved by enclosing an existing patio or deck, or by constructing a new space altogether.
- Benefits:
For those who love the outdoors but find the summer heat and insects overwhelming, a sunroom provides the perfect solution. It allows you to enjoy natural light and outdoor views without the discomforts of bugs or extreme weather. It also serves as a versatile space for relaxation, dining, or entertaining.
- Value:
Adding a sunroom increases your home’s square footage and entertainment potential. According to HomeAdvisor, a sunroom can increase your home’s value by about half of the addition’s cost. This means you get significant enjoyment and a decent return on your investment.
Bump-Out Addition with Home Extension Contractors in Memphis
If a full addition feels too extensive, consider a bump-out. This smaller-scale project involves extending a part of your home to create additional space, such as a walk-in closet, kitchen breakfast nook, or laundry room.
- Benefits:
Bump-outs are cost-effective and less intrusive than full-scale additions. They can provide the extra space needed for specific uses without overwhelming your budget or significantly disrupting your home life. Whether it’s a cozy nook for morning coffee or extra room in a cramped bedroom, bump-outs can make a notable difference.
- Value:
The added value of a bump-out depends on its purpose and execution planned by home extension contractors in Memphis. If designed thoughtfully, a bump-out can enhance your home’s livability and appeal to potential buyers. It’s essential to balance personal enjoyment with the potential for increased resale value.
House Renovation Contractor Memphis
Considering an addition to your home is a substantial decision that can provide both immediate comfort and long-term financial benefits. From finishing a basement to expanding your kitchen, adding a bathroom, building a sunroom, or creating a bump-out, each option offers unique advantages. If you want to enhance your living space through these home additions, consider calling a house renovation contractor Memphis. They can certainly make your space more appealing to future buyers. As you plan your project, carefully consider your budget and how long you intend to enjoy the new space. With thoughtful planning and execution, a home addition can be a rewarding investment that meets your current needs and adds lasting value to your property.
