Home additions have huge potential for your home’s value, but they are also a huge undertaking. Before you break any ground (or your budget), you should know which types of room additions offer the best ROI. This article outlines several home additions ideal for homeowners looking to get the most bang for their resale buck.
Double the Flavor With Outdoor Kitchens
You love your kitchen. Now, imagine having another one to love outside. Outdoor kitchens have seen a surge in popularity in recent years in southern California. This trend is largely driven by the suitable climate and the desire to add more functional spaces wherever possible. Outdoor kitchens open up new possibilities for both cooking and your home’s value. Your outdoor kitchen could recuperate 55% to 200% of its cost, depending on several factors.
Home buyers tend to love outdoor spaces of all kinds, but there are some common themes among outdoor kitchens that may yield the highest ROI:
- Integration with smart technology
- Built-in, energy efficient appliances
- Hidden storage and a sleek layout
More Bathrooms Are Good Business
An extra bathroom always comes in handy. All bathrooms add an extra layer of convenience and accessibility to your home, so it’s no wonder that additional bathrooms generally have a great ROI. In Los Angeles, you can expect to pay between $20,000 and $30,000 for a basic bathroom addition. These figures may increase based on several factors, including complexity and the new bathroom’s proximity to your plumbing system. However, on average, a full bath can increase your home’s value by 10% – 20% and a half-bath can boost it by 5% – 10%.
The best features to include in a bathroom addition to get the maximum value out of it include:
- A freestanding bathtub
- Double sinks and vanities
- Curb-less, walk-in showers
The Sun Is Out and Patios Are In
Patios are quite commonplace in southern California, so you’re really missing out if you don’t have one. Most home buyers in this area are looking for ways to enjoy the outdoors year round, and a patio is an excellent way to make it happen. A well-designed patio looks great, and offers even more living space. The cost to build a patio can vary dramatically, largely depending on size and materials. Small, basic patios may cost under $5,000 and large, elaborate ones could be upward of $40,000. In any case, they tend to be great investments, often boosting your home’s value by over 10%.
The best patio additions have a few things in common:
- Fire pit or water feature
- Pergola for shade and style
- Outdoor bar for entertaining
Your Home, Bigger and Better
You almost can’t go wrong with a room addition in Los Angeles, California. No matter your needs or budget, we can work with you to build a home addition that boosts your home’s value. Contact Creative Innovation Developers today to get started on your journey to a bigger, better home.
