4 Additions to Your Home That Pay for Themselves
By: Miller Matt
Tags: Construction Company, Home, Construction, Real Estate, Home Improvement

With the rising popularity of home improvement shows, homeowners are considering additions to their home now more than ever. Reasons for the additions range from a lack of space to the desire to add value to a home before selling it. No matter what the reason, there are four smart choices of additions a homeowner can make to get the biggest band for their buck:

Master Suite

Not surprisingly, home buyers expect a newer home to have a master suite. However, if a home was built before the era of spacious master bedrooms, there is still hope to grab a buyer’s attention. With the addition of a master suite, homeowners can expect an average increase in home value of $10,000 to $35,000 depending on the amount spent on the project.

Kitchen Expansion

Kitchen improvements come in a wide range of updates and price ranges. From the simple task of refacing cabinets to reconfiguring a kitchen, all offer benefits to the home. With this said, homebuyers have a certain expectation of an open and functional kitchen. To gain a kitchen with open sightlines and plenty of counter space (the two most demanded characteristics of a kitchen!) in an older home, an expansion may be necessary.

Adding 200 square feet to a kitchen can add on anywhere from $25,000 to $50,000 to a home’s value based on the expense of the remodel. However, this kind of expansion doesn’t just benefit resale value but the quality of life while a family lives in it. This fact alone make kitchen expansions one of the best options a homeowner can go with.

Bathroom

The number of bathrooms in a house can be a huge selling point for a home. In fact, houses with few bathrooms can turn off buyers even before they make it into the house. If your floorplan allows for it, even adding a half bath can increase the home’s value dramatically. Of course, a full bathroom offers the biggest bang for your buck if resources allow.

A bathroom expansion can add up to 53% of the cost of the expansion directly into the value of a home. While this doesn’t sound too impressive, it is another kind of expansion that increases a family’s quality of life within a home — which is priceless.

Second-Story Addition

If the structure and budget allow, turning attic space into a second story offers the biggest return on investment. In fact, this kind of addition boosts a home into a whole other level of dwelling. Simply put, buyers often go for a larger house with updated spaces, making this choice a great one.

Costs for this kind of addition vary greatly, and therefore, so does the increase in a home’s value. It’s safe to say, however, that this kind of work provided by a great construction company in Springfield IL can add thousands of dollars to the value of a home.

Choose the Right Construction Company

Putting trust in a company to handle expansions like these can be a difficult task. However, if you choose a trusted and experienced group like Mid-Illinois Companies, you can be sure that the work will be done correctly every time. For the best construction company in Springfield IL, people trust them to get the job done on time and efficiently. To learn more, visit their website here: www.mic123.com