Home Additions for Increasing Real Estate Value

4 Dec

Home Additions for Increasing Real Estate Value

Investing in renovations before putting your home on the market is always a viable option for the well-informed homeowner. According to a report from a notable home remodeling magazine, adding more space in the bathrooms can equate to a sizable increase in the home’s value in the market. Meanwhile adding sunrooms, converting attics and adding family rooms may also increase the value of the home tremendously.

Not only is the value of the home increased, but appeal to buyers is as well. More and more home buyers are looking for spacious homes that offer unique and innovative layouts. Additions and remodels are some of the best techniques in the real estate business that allow you to sell your home faster. When you’re planning to sell your home and you think that it may need more space, consider making extensions. Make sure all proper building permits are acquired before beginning any remodel or addition. This step is instrumental in saving yourself from any sort of hassle involving the completion of your home project.

According to a study by the National Association of Realtors in 2005, a 30 percent raise in a home’s value happens for every 1000 square feet added to the home. Expect that this type of home improvement maybe a costly, but worth investment.

Jennifer Fields
Oklahoma City & Edmond Real Estate Agent
405.330.0031

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