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Are Home Additions Worth the Investment?

Contractor speaking to a couple

Have plenty of floor space but not enough living space? Remodeling projects are a great way of repurposing existing space. However, if you want to expand the floor and living space in your home at the same time, a home addition would be a better choice. 

What are the pros and cons of adding to your home? The siding and remodeling contractors at VillWell Builders, LLC, list them in this guide. 

The Pros 

  • Better quality of living – Expanding the amount of living space inside your home can improve your home’s functionality and by extension your quality of living. 
  • Maximum design flexibility – Moving to a new home isn’t always an option for homeowners with growing families. But if you want to add a personal touch to the house you recently moved into, you might want to consider pursuing a home addition instead of a home renovation. Unlike remodeling projects, you’ll have total control over the design of the home addition. 
  • Excellent returns on investment – While ROIs vary depending on the type of home addition and the conditions in the property market, home additions generally have excellent ROIs. In fact, according to certain studies, it’s possible for homeowners to recoup their initial investment on a mid-range two-story addition at the time of sale.

The Cons 

Of course, a home addition is not without its disadvantages. For many homeowners, the significant investment home additions require is a big disadvantage. However, it’s important not to get too preoccupied with project costs when investing in a home addition when pursuing a home addition or kitchen and bathroom remodeling projects. What you should focus on is maximizing the ROIs. 

For instance, you can consider the average ROIs for home additions. The home additions with the best ROIs are two-story additions (ROIs of up to 65%) and master suites (ROIs of up to 63%). What’s important is you’re working with a contractor who can help you make the most of your home addition. 

VillWell Builders, LLC, a company with over 20 years of experience, offers a wide range of professional exterior services, including deck and addition services. To schedule an appointment, call us at (475) 271-1242 or fill out this form. 

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