Is a room addition worth it?

Merging the new with the old, expanding your home is an excellent opportunity to increase the living space, functionality and the value of your home, while enhancing it with your own flair. While room additions can be costly, you can usually expect a 60% to 90% return on their investment.

regalrenovation.com - Room Addition: Is It Worth It? - Regal Construction and Remodeling

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Before committing, know what you want out of the home expansion project. From adding space to accommodate your family’s growing needs, additional income, convenience and value to your home, there’s much to gain from a room addition.

More Space

A home expansion is the best way to add more space to your home, and space translates to added functionality and convenience. Adding a home gym and sauna, for example, is an opportunity to personalize your fitness regime. Playrooms provide plenty of space for young children to play, and where you can control the clutter through the extra storage for large toys. Rental suites are an increasingly popular option in Los Angeles, as well as home offices, in response to the widespread transition to remote working as a result of the coronavirus pandemic. While a sunroom is an alternative to room additions, they’re sometimes viewed by future buyers as liabilities to be torn down. Adding a basement can provide extra living and entertaining spaces but, if not ground-level, they can quickly become dark spaces with limited natural light.

Your Own Creation

A home addition is a space you can claim as your own creation. The room is a blank canvas for your imagination and unique style. Think about what you want out of the room, and be liberal with your creativity — the room addition is yours to design.

High-Value Cost Ratio

With a room addition, you’re simply expanding the existing structure of your home. This is generally more cost-effective than new construction. Room additions also offer high returns on your initial investment. Usually, the cost of a mid-range two-story addition may be recovered at the time of sale. While it’s tricky to predict the real estate market years in advance, a home expansion is usually more affordable than purchasing a new home that’s equivalent to the space of your existing home, plus the addition. You can also maximize your payback by adding amenities that are sought after in your area.

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