7 Key Benefits of Home Additions

Are you considering expanding your home? 

Homeowners are always looking for ways to make their space more functional while increasing the value of their homes. If you are considering adding an extra room to your home, you came to the right place. 

Read on to learn how to create a quality home with home additions. 

Create An Specialized Space

One of the main advantages of home additions is that they will allow you to create a specialized space in your house. If you need a specialized room in your house that you cannot convert with what you have, adding a specialized space is the right move. 

Adding home additions can help you finally have the sunroom, office, music room, or library that you always wanted in your house. Having the extra room for specialized use will keep you from taking over another room in your house for this purpose. 

This addition will help make your house more functional if you plan to make it your family home for many years. 

Added Storage

If you have a large family, it might seem like you can never have enough storage to keep up with your family’s needs. Adding an extra room to your house can help give you the added storage you and your family needs. 

You can add an extra room in your house to use as a mudroom or store away extra supplies, coats, etc. Having an extra room will allow you to add more shelves and cabinets to increase the storage in your home. 

Your Family Is Growing

Adding an extra room to your house is one of the best home additions you can add to your house. If you have another child and run out of room, you could consider adding an extra bedroom to your house rather than buying a new house. 

When you add an extra bedroom, you give your family the space they need without uprooting their lives and moving to a new house. Adding extra bedrooms is never a waste of money, for they will give you the flexibility to turn them into guest bedrooms or an office when your children grow up and move away. 

Not to mention, building an additional bedroom in your house will increase the value of your house.

Alternative to Moving

If you have outgrown your current house, you might think buying a new house is the only alternative. However, buying and selling a new house can take a very long time, be time-consuming, and relocate your family.

When you love your current house and see yourself living there for a very long time, making home additions is the best alternative to moving. Having an extra room added to your house is a more practical and less expensive solution that will eliminate the hassle of moving. 

Added Source of Income

If you want to make passive income, adding an extra room to your house can help you bring in extra income. While having a tenant living in your home is not everybody’s dream, some people find this a suitable option. 

Consider adding a small kitchen, bathroom, and a separate entrance, and you can create a separate apartment and collect rent. 

If you don’t want to live with strangers, you can consider renting it out to friends or relatives.

Increase the Value of Your Home

Are you planning on selling your home in the next few years? If so, adding an extra room to your house will help increase the value of your home. 

For example, if you add an extra bedroom, you can list your home as a 4-bedroom rather than a 3-bedroom home. Adding extra bathrooms or more office space will also help increase the value of your home. 

Even if you don’t have plans to sell your home in the near future, increasing the value can increase equity and reduce your mortgage. 

Modify the Space

When you think about home additions, you think about building an extra room in your house. However, home additions can mean you’re modifying a space. 

For example, if you have a basement or attic that you only use for storage, you can modify it to add an additional bedroom, family room, or a small apartment. 

Modifying the space will also increase the functional square footage of your home and the value. 

Cons of a Home Transformation

Even though we have given you plenty of good reasons why you should pursue your dream home, there are also some cons to home additions. You should consider the positive and the negative before you can make up your mind. 

Home Disruptions

Depending on the complexity of the additions, you’re looking at months of construction in your home.

If you’re building an additional room in your home, you should expect weeks of dealing with dust, noise, and overall disruptions. You might need to relocate your living room or lose partial function of different rooms while the renovations are happening.

Even if you don’t want to live in your home during the renovations, relocating to temporary lodging can be more disruptive and end up costing you more money.

More Costly Than Expected

Although we mentioned before those home additions are less expensive than moving, they can also be the other way around. If you don’t have a clear eye on the bottom line, the renovation can end up costing more than buying a new house. 

You must stick to your budget to prevent the renovations from adding up.

Lose Yard Space

If you decide to build out into the back of your house, you run the risk of losing yard space. Losing yard space might negatively impact your lifestyle and the value of your home. 

A smaller yard will get in the way of your children having enough space to play. If the additions don’t fit well with the style of the home, it can affect the curve appeal. 

Are You Ready to Build a Quality Home?

Now that you know how to build a quality home and create the space of your dreams, you’re ready to start. 

The many advantages of home additions include added space, a specialized room, create added storage, and more.

If you enjoyed this article and would like to learn more, check out the rest of our blog.