One of the reasons people get their homes renovated is because they’re trying to increase its overall value. Sometimes, it’s as simple as conducting regular roof maintenance. But some residents prefer to conduct bigger projects in order to ensure bigger returns. The question is: what is the best home addition when you’re interested in increasing your property’s value? Here are a few suggestions.
Improving or expanding the kitchen is one of the biggest investments one can make when it comes to home additions and renovations. This project can improve the way your kitchen works either by adding or changing up the existing furniture and appliances or can free up more space by increasing the available space the kitchen uses.
The potential returns for this project are high. The kitchen can be a great place for a family to bond, since the more comfortable it is, the more time they’ll be spending there. It can also become a place for hosting dinner guests, which makes it an integral part of any modern home.
Expanding the kitchen may entail expanding the residential roofing overhead if necessary, but this can be an added expense well spent: kitchen renovations generally have an up to 76% return of investment.
Most people who don’t have the space for a patio opt to have a deck installed instead. This addition is a little bit like getting a patio replacement installed, and can be used for the same activities a patio can. This makes it a great multi-purpose addition to any property, and a great draw for potential buyers.
One thing you’ll have to consider when installing a deck is that your roof will have to be extended over the deck itself to protect it from the elements. Since it will be a relatively exposed structure, consistent roof repair might be necessary to ensure that the deck doesn’t get too affected by the elements. When you consider that this can yield up to an 80% return on your investment, it doesn’t sound like such a bad idea.
This is a little bit easier to understand. A property with a master bedroom is always a good investment since it offers the promise of a bedroom with plenty of space and a personal toilet and bath. On the other hand, converting an attic into a bedroom can increase the number of rooms in the property, making it easier for potential homeowners to host guests on the fly. These two additions can offer a potential ROI of 67% to 70%.
If you have any home addition ideas you’d like to discuss, give us a call at Pressure Point Roofing, Inc. We’ll be happy to discuss your project with you, and help you figure out how much it could potentially increase your home’s overall value. You can reach us at (541) 423-3146 or by sending us a message through our contact form. We serve residents of Medford, OR and other neighboring Oregon areas.