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10 Home Addition Projects to Increase Your Property Investment Value

Completed with substantial details that you can take to expand your chances to own more property or at least new options to survive the current economic recession or the upcoming one, if any

Source: 10 Home Addition Projects to Increase Your Property Investment Value

Do you still remember the moment you bought a house after getting married? At that time, you might have thought that living in a small home was not a big deal because there were only the two of you.
Now, you have your kids with you, and everything has changed. You wish you had bought a bigger house. If that is the case, do not worry! You can try these 10 home addition projects to increase your property investment’s value.

These projects will not only improve the functionality of your house but also increase its value. So, let’s check them out! As always, Simphome presents you with the list.

10 Home Addition Projects to Increase Your Property Investment Value Poster

10 Home Addition Projects to Increase Your Property Investment Value Video

10. More Space to Unwind

Some houses have extra bathrooms for guests, which is fine. But, what is the point of having more bathrooms if you lack space for the entire family or friends? For this reason, you can remove and turn it into a living area, like a sunroom.

This house featured more bathrooms, but it did not have any sunrooms. Therefore, the homeowner decided to turn it into a hallway that provides convenient access to the sunroom.
The hallway also makes a great coffee bar. This way, you can grab your coffee or tea while relaxing in the sunroom without going to the kitchen.

9. An Additional Bedroom for Guests

Building an extra bedroom is not a bad idea because you can use it as a relaxing sleeping space for any visitor who stays for a few days.

You can build this extra bedroom on your existing patio. It will be better if it has a cover, so you only need to add walls and use the cover as the roof. This way, you can retain the unique midcentury-modern structure while adding more function to your house.
Consider installing sliding glass doors that enable your guests to access the outdoor area. Besides, these glass doors also allow natural light to come into the bedroom, making the small space look airier and more spacious.

8. A Small Change with Big Impacts

If you lack space but want to add function and value to your home, you can go with this idea – adding a dormer.
Some of you may have left your attic untouched. Thus, it is a perfect space to store unused items. Now, you can finish your attic by adding dormers.

Adding dormers will increase the loft ceiling height and give you more space for a living area. This way, you can turn your attic into a master bedroom, an office, a playroom, or anything you want. You name it!

Dormers also allow more natural light into your attic, making the space airier. Besides, the protruding windows improve the curb appeal of your home immensely.
Unfortunately, adding dormers is not something that you can do yourself. You need to hire professionals to have them installed.

Another change,
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7. Finish Your Basement

Like the attic, you can also finish your basement to add a living area without taking up more valuable space.
Before finishing your basement and turning it into a living area, you have several things to consider. First, you have to apply for a permit.
Then, take care of dampness because you do not want to install drywall in a damp space. To tackle the dampness in your basement, you can invest in a dehumidifier.
After that, you can install insulation and frame the walls. For the ceiling, you need to consider installing a drop ceiling that conceals utilities and the structural ceiling.

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6. A New Living Space over the Garage

Foam is applied to the walls to warm the house during the construction

Adding a new living space over your garage sounds fascinating. Just think about it! You can have a contemporary bedroom without sacrificing your backyard.
This idea may sound viable. However, you still have several things to consider. When you decide to hire professionals to build a new room above your garage, they will need to check the existing framing and foundation.

Garage walls usually feature exposed framing. If you use drywall to finish it off, you will need to cut away the drywall and let the contractor see what is behind it.
The contractor will also dig several holes to check the depth and condition of your garage. It may sound like complicated steps that require a lot of money. It is necessary to ensure safety, though. Besides, the result will be worth your money.

5. Go for a Modular Addition Instead

Instead of building an additional room from scratch and creating a construction area in your home, which can be dangerous, you can try investing in a pre-fabricated room.

This type of room is made elsewhere, which makes it a healthy choice because the construction area will not take over your yard. Besides, a modular room tends to be more affordable than traditional home additions. This way, you can save your money, time, and energy.

4. An Elegant Sunroom Addition Idea

The covered patio in this house has turned into an elegant sunroom where you can kick back and relax.
If your house has a similar structure, you can try to implement this idea. You do not need to rip the cover because you can use it to make the roof of your sunroom.
You only need to renew the ceiling and build walls surrounding the sunroom. Consider installing floor-to-ceiling glass windows to let more natural light enter the space.

3. Turn a Porch into a Mudroom

You might think you do not need a mudroom because it is summer. Then, everything will change when winter comes because wet, muddy shoes will ruin the hallway in your house. For this reason, a mudroom is necessary.
If you do not have more space for a mudroom, you can try enclosing the existing rear porch. It means you can have an additional room without changing the original footprint.

2. Expand Your Kitchen even with a Bump-Out

Cooking in a small kitchen can be somewhat uncomfortable. You do not have sufficient storage and counter space to prepare the meals. Therefore, you need to expand your kitchen.
Unfortunately, it will be pretty challenging if you lack vacant space. For this reason, you need to opt for a bump-out.

A bump-out is a micro addition that typically adds approximately 100 square feet to your existing kitchen. This way, you can expand your cooking space without significantly impacting your home’s footprint.

Although a bump-out may not be that big, it still does in a pinch. You can have more space for storage and countertops. You can even have a proper breakfast nook if you add a bump-out.

Lastly, Number 1. Finish your Attic

Has the idea of using your attic instead of a storage room ever popped?
Attic has tremendous potential for adding more value to your home. After you finish your attic, you can have a chic bedroom or home office without significantly impacting your home’s footprint.

According to the 2019 National Association of Realtors Remodeling Impact Report, homeowners may anticipate returning 56 percent of that investment by turning an attic into a living space—we’re talking bedrooms, home offices, and playrooms, for example. If there is a restroom involved, that proportion rises. (Source: Apartmentherapy)

Adding more space to your home can help you live a better life. And these 10 home addition projects to increase your property investment’s value will do more than that because they are functional but also stylish and comfortable.

So,

Have you found the ideal answer on how to increase the value of your property investment?

If not, then there is no time like now! Your property may have already increased in value, but if it hasn’t, this article will show you how to increase its value in any way possible. It could take a little work, but if your property has appreciated by just 5%, that will amount to an additional £10,000!

As well as increasing the value of your investment property, it is also essential to consider what kind of return you want from it. With this in mind, you should try to target different markets. For example, you might decide to focus on student accommodation or retirement homes. You should always use your financial knowledge to assess whether your target market is likely to pay for your property.

Another thing you need to consider when investing in properties is taxes. When you buy a house, you have to pay stamp duty on the purchase. The government usually uses this money to fund local services—for example, schools, hospitals, and police stations. However, you can deduct stamp duty from the sale price when you sell your home. The reason why you can do this is that the tax system is set up in such a way that the government benefits from any profits made from selling a property. This fact also means that if you sell after five years, you can claim back all of the Stamp Duty you paid. This benefit makes selling property much less risky than buying one.

When you invest in property, you can expect a greater profit over shorter periods. This is because property prices tend to go up and down. You get plenty of interest as soon as you place an advertisement for a property.

Then, once people view the property, they start bidding against each other to buy it. If you can beat the competition, you can sell the property at a higher price than the others. Also, when you list your property, you will often get higher offers than expected. You can pick up these bargains by waiting until the end of the auction. Buying a property early on in the market is called “buying cheap,” It can make you a lot of money. However, truthfully, the fact is often working in the opposite of our expectations. Therefore, we lead you to the next page to continue your research.

If you look around for other ways to increase the value of your property, you might find that you can earn more than just money from it. As well as providing extra income, you can also help the environment by using solar panels. Not only will this reduce your carbon footprint, but it will also give you power. All you have to do is install a few solar panels on your roof to generate electricity. That way, you won’t need to rely on expensive energy bills anymore!

As we all know, there are two ways to generate electricity – natural (such as wind) or artificial (like coal and gas). But what about solar? Solar energy is an innovative way to harness the sun’s energy. It doesn’t require any fuel, and it’s completely renewable. All you need is sunlight and a bit of ingenuity. This article explains how you can use this technology to increase the value of your house, even if you don’t have much land to build the system on.

The benefits of using solar energy are already overstated. The most obvious ones are that it doesn’t pollute the environment and it’s entirely green. It also helps you save money since it doesn’t cost anything to run it. You can use it for free, and it won’t ever run out. If you want to learn more about solar energy, here are some great resources:

Now let’s talk about the pros and cons of installing solar panels

Pros of Using Solar Energy on Your Home

First, you’ll need to decide where to put your solar panels. You can either place them on your roof or the ground. Placing them on the top of the roof is ideal because you get a lot of sunlight throughout the day. However, you’ll have to be careful when installing the panels, so they don’t block the sun from reaching your home. Also, if you plan to sell your house, you might be unable to do this.

There are several advantages to placing the panels on the ground. First, you’ll have better access to the sun. Second, you’ll be able to install them wherever you want on your property. Third, you’ll be able to add more solar panels later on. Finally, you won’t have to worry about blocking the sun from reaching your home.

Cons of Using Solar Energy on Your Home

However, there are some disadvantages to consider before installing solar panels. For instance, you’ll have to take care of the solar panels yourself. You’ll have to clean the panels regularly and check their condition. In addition, you’ll have to pay taxes every year.

Another disadvantage is that you won’t be able to sell your house if you decide to move. If you want to buy another one, you’ll probably have to remove the panels first. And lastly, you’ll have to deal with the installation process. It may take up to a few days, and you’ll have to hire someone to help you do it.

So, now that you’ve learned everything you need about solar energy let’s start.

Step 1. Choose the right location for your solar panels
You can choose between two types of locations. You can either place them on your roof or the ground. The best places to install solar panels are those that receive lots of sunlight during the day. However, avoiding areas with very little sunlight during the day would be best. These include shady areas like forests or buildings.

If you’re considering putting solar panels on your roof, ensure the area has plenty of space. Otherwise, you’ll have to cut down trees or other plants. You’ll also have to ensure that the roof isn’t too steep or flat.

Step 2. Decide whether you want to install them on the ground or the roof
Depending on where you want to install your solar panels, you’ll have to figure out which type of location is best suited for your needs. If you want to place them on the roof, you’ll have to prepare the site before installing them. You’ll also have to ensure that the panels won’t block the sun from reaching your home.

On the other hand, if you want to place them on the ground, you’ll only have to prepare the site after installing them. So, if you already own a plot of land somewhere, you can just install them. But if you don’t, you’ll have to find suitable land and install the panels.

Step 3. Prepare the site
Before installing your solar panels, you’ll have to prepare the site. Make sure that you have enough space. Also, you’ll have to dig holes for each panel. You can also cover them with soil to protect them against strong winds.

Step 4. Lay the panels
Once the site is ready, you can start installing your solar panels. There are different types of panels available. Each type has its advantages and disadvantages. For example, you can use glass panels that look beautiful but are expensive. But you can also use plastic panels that are cheaper but less attractive.

To conclude, there are many benefits to using solar energy in your home. However, there are also some drawbacks. Before making a decision, you should weigh all of these pros and cons carefully so that you don’t regret your decision in the future.

Have you decided yet whether you want to install solar panels on your home? Or maybe you still haven’t made up your mind. Don’t hesitate anymore. Follow the steps above, and you’ll soon see how easy it is to install solar panels on your house.

Let us know how you feel about solar energy. Do you think it’s worth investing in? Or would you invest in something else instead?

Return to our main topic,

You can do many things to increase the value of your investment property. These include renovating, improving energy efficiency, and finding tenants willing to stay there. You could do many things to enhance the value of your property, although it is hard to say exactly how much it will appreciate next year. If you don’t know what to do, then speak to your estate agent. They will be able to advise you on how best to improve the value of your property. Once you’ve done everything, put your property up for sale.

Nowadays, the majority of people buy their first home with a mortgage. Many people then buy another property within three years. That is because most people believe that real estate investments are safer than other types of investment. Real Estate Investment is an excellent choice to diversify your portfolio.

Real Estate Investments can benefit anyone who wants to invest in property. Whether you’re thinking about buying as a hobby, or saving for a big trip away, investing in property is a solid investment strategy that has proven effective against recession over the years. It comes with countless winning strategies to win the game; all you need to have to access those gems are little time and several search queries.

This article discusses some of the methods you can use to increase the value of your property. It is clear that there are many options available, but if you choose the wrong one, it can cost you a lot of money. To avoid this, you should check out various websites that provide information on how to increase property values. Once again, check Shesfind if you haven’t done it already.

References:

10. Info.neals.com
9. Thespruce.com
8. Extraspace.com
7. Extraspace.com
6. Palmercustombuilders.com, Thisoldhouse.com
5. Cehbuilds
4. Info.neals.com
3. Thespruce.com
2. Foyr.com, Thespruce.com
1. Extraspace.com

Written by Simpson

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