We will tell you 7 Reasons to Invest in a Home Extension. Adding extra space to your home through an extension can greatly improve your quality of life. While the initial investment may seem high, a home extension is one of the soundest investments you can make. Not only does it add valuable living area, but it can also increase the resale value of your home.
This article will explore seven reasons why investing in a home extension is worth considering.
It is the budget-friendly alternative than buying a home
When looking for additional space to live, buying a home isn’t always very practical. It is costly and time taking. If you need extra space, why not consider a home extension? At first glance, it might seem expensive, but ultimately it can save you money down the road.
For example, consider the city of Syracuse, New York. Here, home values have risen 6.6% to $171,254 compared to last year. This growing market presents an opportunity for homeowners to increase the value of their homes by remodeling or adding extensions. Instead of investing in a new house, remodeling is an excellent way to enhance your current living space and increase your property’s value, particularly in a thriving market like Syracuse.
When the extension is done, you can model it the way you want – no restrictions. For those living in Syracuse, the C. Michael Exteriors home remodeling company is a great resource, having over 20 years of experience helping homeowners add extra space. Their team can handle projects of any size and style to create a seamless extension tailored to your home.
Add a new room without moving
If your family is expanding, you may feel like you’re bursting at the seams in your current home. Adding a new baby or family member means you need more space. An extension allows you to add an extra bedroom, bathroom, playroom or living area without the hassle and expense of moving.
Rather than trying to find a larger home that meets your needs, an extension lets you customize the space to your family’s requirements. You can determine the layout, size, features and style that work best for you. An extension also avoids the disruption of packing up your belongings and getting settled in a new neighborhood. With some clever remodeling, your current home can accommodate your growing family.
You can use the added room for a dedicated workspace
In today’s era, work-from-home is the new norm in many work domains. You know how valuable a dedicated workspace at home is if you work online. Making do with your lounge couch or kitchen counter might work, but you can do much more with a dedicated workstation.
A home office provides a convenient way to separate your work and home lives. You can remain busy and focused while doing this. You get interruption-free desk space, design your station, and keep your work-life balance in check.
When you plan on selling your home, you will realize how many potential buyers want a home with a workspace.
You won’t have to leave your neighborhood
Uprooting from a settled life, convincing your kids to leave behind their friends, finding the right neighborhood, and fitting into the local community isn’t easy. Extending your current home is an ideal option to upgrade your home without hassle.
When you’ve lived in a home for years, it’s easy to grow comfortable with the neighbors, surroundings, local shops and schools. Leaving this familiarity behind isn’t always desirable. An extension allows you to stay in the neighborhood you know and love while gaining valuable extra space.
Rather than packing up and starting over in a new community, a home addition enables you to expand within your current home. Kids can stay at the same schools, you can keep patronizing beloved local businesses, and you can continue fostering neighborhood relationships. An extension helps you achieve your goals without facing the challenge of leaving your community.
It increases your home’s value
Adding extra living space with an extension can significantly boost your home’s value. Extending to add another bedroom, bathroom, kitchen, living area or garage can increase the market value and meterage.
According to industry experts, adding a single bedroom can increase value by 20%. Expanding the kitchen can add 15-20% value. Extra living room space boosts value by 10%. Adding a bathroom increases value by around 5%. In most cases, the value gained from an extension will surpass the initial building costs over time.
Some of the most valuable extensions include an additional bedroom, loft, extra story, conservatory, or garage. Strategic renovations tailored to your home can maximize the return on your investment when it comes time to sell. Investing in an extension now will pay dividends later.
You can personalize it the way you want
When you remodel your home, everything is in your hands (unlike when you purchase a furnished home). You can personalize your living space however you desire. You can choose how much space you wish to add, what architectural design meets your taste, and how you want to furnish it.
Finding such flexibility isn’t always possible when buying a home.
You can add storage space
Another reason for a home extension is additional storage space. Sometimes getting extra storage space is the only way to eliminate clutter in your living space; after all, not everything can be discarded.
You can dedicate the additional space to items you don’t want cluttering your space but want close by. For instance, you might have out-of-season clothes, event decorations, sports equipment, or even furniture you cannot discard but take up too much space.
If you are considering a home extension, opt for it! It is a wonderful alternative to buying a home since it is more budget-friendly, less time-consuming, and more personalized. You can use the extension to add skylights, create a dedicated workspace, or add storage space. You can put your creativity to the test and let your imagination run; it is all in your hands!
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