Home additions can offer many opportunities from adding value to your home to increasing your living space. Located at the state capital of North Carolina, Raleigh is a vibrant city with a thriving real estate market. Adding value to your home through home additions can be a great decision to make for you and your home if you live in the Raleigh, NC area. At Oak City Remodeling, we understand the importance of making your home a comfortable and functional space that meets your family’s needs. In this blog post, we will explore the benefits of home additions and how our team of experts can help you create the perfect addition to your Raleigh home.
I. Benefits of Home Additions
Although additions may seem intimidating, the benefits far outweigh the costs. They are great solutions to growing families, increasing functionality, increasing home value, and a more personalized home. Home additions may require a bit more patience than a classic bathroom or kitchen remodel, but the outcome is always worth it.
1. Increased Living Space
It is possible that you bought your house at a time before you had children, before you needed to watch over your older relatives, or before you added pets to the family. These changes to the family and home dynamic can increase the need for more space in your home.
A smaller kitchen or a three-bedroom house may not accommodate a family of four to five people. Additions can range between small or large and can include: living rooms, dining rooms, bedrooms, sunrooms, bathrooms, offices, garages, etc. The main purpose of an addition is to add more living space to make the functionality of your home more suitable for you.
Perhaps you work from home and you would like an in-home office or maybe you enjoy practicing yoga in a sunny environment, but do not want to go outside in the winter to do yoga. In those instances, an office or a sunroom would fit your needs. Purposes for increasing living space might be for extra storage, growing families, or accommodating guests. Overall, additions are great ways to add living space to your home.
2. Enhanced Functionality
Additions also enhance home functionality. If your living room is very small, you may be less likely to invite guests over for celebrations or parties. Living room expansions are great solutions to increasing functionality of the common living spaces in your house. Another example would be a bathroom addition. Adolescents are very likely to outgrow smaller bathrooms which would make a bathroom addition a great solution to increase bathroom functionality. Likewise, couples may find it harder to maneuver around each other in smaller master bathrooms. Expanding the master bathroom can provide a double vanity, a walk-in shower, exposed tub, and even a walk-in closet.
3. Increased Home Value
The number one benefit to home additions is the increase in home value. While the estimate of an addition can vary greatly depending on the location and complexity of the project, an addition can cost anywhere from $100 – $300 per square foot in Raleigh, NC. The three biggest aspects that contribute to home value are the number of bedrooms, the number of bathrooms, and the square footage of the house. When you decide on an addition, at least one of these aspects are checked off. Bedrooms and bathrooms provide the greatest return on investment.
According to Open Door, adding a bedroom and a full bathroom will increase the value of a home by 6.2% to 7.6% in Raleigh, NC. For a $250,000 to $350,000 home, this is an increase of about $18,600 to $22,800. In addition, finishing a basement will increase the value of a home by 7.4% to 9% in Raleigh, NC. For a $250,000 to $350,000 home, this is an increase of about $22,100 to $27,100. To calculate the potential return on investment for your home, click here.
4. Customization and Personalization
With home additions, you have the opportunity to customize and personalize your home to better suit your preferences, needs, and lifestyle. Also, additions allow you to make design decisions early on in the process which is rare if you previously bought your house instead of building your own. A unique design customization would be a built-in shelving unit for an in-home office or even a butler’s pantry for a kitchen expansion. Customizations are meant to serve your lifestyle, add functionality, and make the entire addition process easier to anticipate. Oak City Remodeling offers in-house design services that can make the design of your new addition more attuned to your lifestyle.
II. Home Addition Trends
As the housing market evolves, so do the trends in home additions. Here, we will explore some of the latest trends in home additions and how they can be incorporated into your own home design. Whether you are looking to create more living space or simply update your existing home, these trends can provide inspiration and guidance for your home addition project.
1. Bathroom Addition
Bathroom additions are great ways to add value and functionality to your home. Also, bathroom expansions are great solutions to customizing your bathroom space in a way to accommodate your needs.
2. Kitchen Expansion
Kitchen expansions are perfect solutions for small kitchens with less functionality. They can also be designed in a way that can accommodate guests and entertainment. This can include amenities such as a bar or an island. A butler’s pantry can also accommodate larger gatherings.
3. Home Office Addition
Home offices have become a trending addition in the past few years, especially due to COVID-19. With more people working from home, there is a greater demand for home-office spaces. Additions allow you to curate your home-office space to be more comfortable and more personalized to you.
4. Home Gym Addition
Home gyms have also gained popularity since COVID-19. These additions often aim to accommodate a treadmill, elliptical, and even weight benches. Home gyms are great solutions for improving your lifestyle through an addition.
5. Sunroom Addition
Sunrooms often include lots of windows to create as much natural lighting as possible. This is going to result in a higher cost, as opposed to typical room additions that may only include one or two windows. These provide spaces for relaxation, or even serving as an indoor plant nursery.
III. How We Can Help
Overall, home additions add significant value to your home, while also increasing the functionality of your home and enhancing your lifestyle. The cost of home additions vary depending on your location and the complexity of your project, but there is a guaranteed return on your investment. Investing in a home addition may seem intimidating, but recouping the costs if you decide to sell your house and the added living space and comfort make it all worth it.
Oak City Remodeling is a licensed and insured remodeling company who specializes in home remodeling. With our knowledge and expertise in home remodeling, we can make the process of your new addition smooth and comfortable. If you live in the Raleigh, NC area and are ready to expand your home, we will be here to help!