In the construction industry it is universally understood that a home addition which increases the functional space of a house holds more weight than a project that alters the aesthetic look of a home. Depending on your overall goal, it can be a costly undertaking, but one that reaps the biggest reward.
According to Remodeling Magazine’s 2013 Cost vs. Value Report, the national average for a two-story addition costs $152,000, adding close to $100,000 to your home’s value. That is over a 65% return – not many investments can award you that significant of a jump in a relatively short amount of time.
This additional space for your family could include a new bathroom, bedroom or family room and give you that desired square footage to make your house feel more like home. But it is important to remember that each property depending in what country its located has different zoning restrictions which limit what you may be able to do with your home. If you are unsure exactly what your house and lot has to offer, please contact us. We would love to look at your property, help you see the potential in your home and the best ways to add value.