Home additions are a great way to transform your home and give your family the necessary amenities and space they always dreamed of. While many families across America look into remodeling plans, others are taking full advantage of the numerous benefits a home addition can provide such as added space, potential rental income or more natural light. There are many other advantages to investing in a home addition.
1. Home Additions Give You More Space
One of the first wishes all homeowners bring up when they are updating their home is more space. Americans like to store photo albums, bikes, workout equipment and so much more. A home addition can greatly add to your usable square footage, whether it be in the form of a kitchen, bathroom, bedroom or family room. Sometimes, even a very small addition can yield big results. Adding just three or four feet to a small kitchen or bathroom can open up a world of possibilities.
Whether you choose to add a living room, dining room or maybe even a bow window, a home addition will give you the extra space you know you want.
2. Home Additions Can House Extra Family Members
It is no secret that more kids are moving back home. In fact, according to a recent study by the Pew Research Center, almost 40% of young adults live at home with their parents. In 2012, a record 21.6 million millennials (ages 18 to 31) did so. Furthermore, elders are choosing to move back in with their children. In 2011, 4.6 million elders moved back home.
If you have the space, home additions can include an entire bedroom. In fact, if the plumbing allows for it, you can even add a small bathroom or extra guest bathroom. The extra bedroom and bathroom would be perfect for out of town guests as well.
Home additions can get expensive, as we noted in our home addition cost estimator, but when it comes to family, you can’t attach a price tag.
3. You Can Rent It Out for Additional Income
If you choose to build a full bedroom and bathroom, homeowners could also rent out the additional space. While the entire home may get cramped, some homeowners are choosing to rent their addition to make up for the building costs. It’s not the most common route to take for home additions, but certainly one that can’t be ignored given current times.
If you would like to talk about ideas for remodeling or renovating your home in Fairfax, Mclean, Springfield, Woodbridge, Alexandria, Arlington, and Falls Church VA, reach out to us at Foster Remodeling. Call now for a free consultation!
written by ImproveNet by CraftJack