Adding on to your home can do good things, both to its market value and for you while you live in it. It can be a pretty big investment though, so it’s important that if you’re adding on to your home you choose projects you won’t come to regret later. So what are some good ones worth considering?
If you have a lot of people in your home but only one or two bathrooms, mornings can be pretty crazy. Adding an extra bathroom means less fighting over prime time getting ready and less schedule juggling. It also increases your home’s value. This is especially great news if you’re preparing to sell your home, since bathrooms have the potential to be fairly expensive projects. Of course, how you go about adding the bathroom will impact the cost and value of the project, so look at how to maximize the ROI of your extra bathroom.
Do you own your own business or work from home? If so, you might consider adding a home office to your house. Having a home office can save you time and money by eliminating your commute. It can also improve your productivity, as you will have a space dedicated to working that you can keep private and quiet. Some expenses related to the office can be written off your taxes. This can help offset the cost of putting it together, whether you’re repurposing a room or building one. Keep in mind that for expenses to qualify for tax write-offs, you’ll need to use it exclusively for the purpose of your work.
Adding on to your home isn’t just limited to expanding indoor space. You can add on to the exterior of your home as well by building a deck. A deck can become the perfect place for hosting gatherings, doing some outdoor cooking, or just relaxing and enjoying the outdoors. It can also do great things for the market value of your home. Be sure to take the time to maintain your deck properly. This will help ensure that you are able to safely enjoy your deck and keep it in good condition for years to come.
If you’re home is feeling a little cramped or if you just want to raise its market value, adding on to it can be a good option. Consider adding an extra bathroom, a home office, or a deck to your home. These are some great renovations that should leave you feeling regret-free down the road.
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