Are Home Additions a Good Investment?

 

We often get asked if it is “worth it” to add an addition to a home in Greenville, SC. When someone asks that question, they usually want to know if they will get a full return on the money they put into the home addition. The answer to that question depends on a variety of factors. We will review some of them below, giving you the opportunity to decide if an addition is a good investment for your home!

 

How Long Do You Plan To Live In This Home? 

 

• If you plan to live in this home for 3 years or less, you will likely see a partial return on your investment since the home will not appreciate enough to cover all the costs. 

 

• If you plan to live in this home for 5 years or more, you will probably see a return on your investment. Most homeowners not only break even but will see an increase in home value sometime between the 3 and 5-year mark. 

 

• If this is your forever home, but you need more space, an addition is a perfect solution. Not only will you live in the home long enough to see a return on your investment, but you will also get to enjoy the additional space for many years to come!

 

Who Is Planning The Addition? 

Ideally, your addition should blend into your existing home. A professional architect or designer can plan a home addition that will integrate seamlessly into the original home inside and out. Matching siding, flooring, trim details, paint colors, and other details will make the addition feel like it has always been part of the home. 
 

 

Who Is Constructing The Addition?

Make sure that whoever you hire for the job is licensed, insured, and an expert in residential construction. The right contractor will keep the project on schedule, complete it on budget, and refuse to cut corners. Hiring a trustworthy professional will prevent costly mistakes and give you a quality product that will increase the value of your home instead of detracting from it. 

 

What Is Comfort Worth To You? 

Beyond the resale considerations, a home addition can dramatically improve the functionality and comfort of your home. Additions transform your routine, tailoring your home to your lifestyle. Read about the types of additions below and how the space added to the client’s quality of life. 

 

Most Popular Types Of Additions:
 

 

Sunrooms & 4-Season Room Additions

If you love the outdoors but hate the bugs, sunrooms and 4-season rooms give your home that “outdoor living” feel with more protection from the elements! These spaces are great for quiet mornings with a cup of coffee or hosting dinner parties al fresco.
 

 

Bathroom Additions

A bathroom addition can come in a variety of shapes and sizes. This can look like expanding the Primary Bath to add a large tiled shower, adding a powder bath for guests to use, or building an outdoor poolhouse bathroom so family members and guests do not bring much water into the house!
 

 

Primary Suite Additions

Imagine a new Primary Suite with a spa-like bathroom or a sunroom to read and relax in. Many homeowners want their Primary Suite on the first floor to limit trips upstairs and provide easy access to the main living areas. A first-floor Primary Suite will also allow you to live in the home as long as possible! For those considering aging in place, wide doorways, zero-entry showers, and subtle grab bars are great features to include in the design. 
 

 

Kitchen Additions

The kitchen is the heart of the home and another popular addition. Expanding your kitchen into the backyard or another part of the house can make a huge difference in opening up the space. This will give you the option to add extra features like a larger island or breakfast nook.
 

 

Casitas & Mother-In-Law Suites

Do you host out-of-town guests often? Is a friend or family member coming to live with you long-term? If so, adding a casita or Mother-In-Law Suite is a great investment. This can be a separate area of the house with a kitchenette, a basement apartment with a full living space, or even a separate guest house (or Accessory Dwelling Unit). 
 

 

Other popular additions include garages additions and basement additions

Addition Experts

Ferguson Builders has served upstate SC since 2010! Additions have become one of our primary projects in the Greenville area. Our team enjoys designing an addition that integrates perfectly into your existing home and addresses the cramped spaces in your home. If you are considering an addition of any kind, call our office and discuss your ideas with a Project Planner. We are happy to assist you with your project or point you in the right direction.