Homeowners in Petoskey know the value of home addition renovations. Home addition renovations add square footage of living space and add value to your property and lifestyle in Northern Michigan. If you're on the fence about starting home addition renovations, here are some of the most compelling reasons homeowners choose this type of project.
1. Your Family Is Growing
Your home might have been the perfect size for your family when you bought it, but many things change over time. You might have more children or have an elderly parent that needs to move in with you. When you need more space to accommodate your family but don't want to move into a new home, building a home addition is a great option. You can use a home addition as extra bedrooms, a playroom for children, or even an in-law suite!
2. You Want to Increase Your Home's Value
If you're looking to increase your home's value, adding any sort of addition is a smart move. For example, an extra bedroom or a home office will enhance your home's value and be very appealing to buyers if you choose to sell down the road. According to a study from the National Association of Realtors and the National Association of the Remodeling Industry, with a full kitchen renovation, homeowners can recoup about 59% of the cost, and a new master suite will typically return 50%. This makes creating a new kitchen or primary suite out of a home addition very appealing to many home buyers. Even if you're planning to stay in your home for years to come, an addition that enhances your home's equity will be beneficial if you choose to take out a line of credit.
3. You Need a Specialized Space
With many homeowners working from home nowadays, specialized spaces are more important than ever. For example, working at your kitchen table or in your bedroom is not ideal. With a home addition, you can create a specialized space for a home office! If you have school-age children who are learning from home, you could also consider creating a homework or classroom area.
If you're ready to expand the living space in your home, the right home addition contractor can help. Your home has a lot more potential than you realize. Call us today at McBride Remodeling to take all the stress out of your home addition project.