Homeowners looking to add-on to their existing property do so to increase their living space and the comfort of themselves and family. They also understand the expense home additions in Denver create to the wallet and want the assurance that their project is worth the (sometimes major) investment and brings a good ROI.

Homeowners planning to sell their homes soon certainly need that extra assurance before making Denver home additions. You’ll be happy to learn that home addition almost always increase the value of the home and bring a good ROI.

The National Association of Realtors reports that every 1,000 square feet of added home space increases its sale price by 30% or MORE! Room additions in Denver benefit homeowners while they live in the home with their families until the property sells.

Room additions typically cost between $75 and $300 per square foot. Many factors affect the price of addition, including the area of town you live in, the materials selected, the size of the addition, and other factors. In the Denver area where homes sell at prices well-above national average, don’t be surprised to find some companies charging $500+ per square foot added to your home.

This amount sounds pretty large but considering the amazing Return On Investment (ROI) home additions offer, it’s a small price to pay for long-term rewards. The investment of a room addition sets your family up for more comfort and peace of mind while occupying the place, and more money in your pocket when it is time to sell the property.

Best Room Additions in Denver

Remodeling magazine says bathroom and bedroom additions bring the greatest ROI, bringing back as much as 86% of your original expenditure while creating a more comfortable, spacious living environment. Adding another bedroom to the pre-existing home can eliminate the need to relocate and certainly makes the home appealing when and if it’s placed on the MLS shortly.

Bathroom additions sometimes become necessary for larger families. Sharing the bathroom with one or two other people is not so challenging, but increasing that number to five or six and bathroom duties can become tedious for everyone. Since bathroom additions in Denver benefit the family significantly and offer such great ROI, why not consider a bathroom addition?

A major kitchen overall, so long as it sticks within 6% of the home’s total value, offers great value to the home and brings as much as 63% ROI. New kitchen additions can include new flooring, cabinetry, countertops, and appliances which add value as they pop out at buyers looking at your home.

Remodeler Beware

Beware any home addition in Denver that requires major changes to plumbing and/or electrical systems. Such additions jack up the cost of your project and significantly lower the ROI.

Home Additions for Every Reason

Whether you want to maximize profits when you sell your home in the near future, have outgrown the property but hate the idea of relocating, or simply want to maximize the value of your home so that stands out from the rest, home additions in Denver make it easy to achieve your goals.

The endless ideas for room additions help homeowners achieve their dreams for their homes. Long to have a theatre in your room? Does the thought of a home gym appeal to you? These room additions are among many ways to turn an ordinary home into something extraordinary that better suits your family’s lifestyle and needs.

How a Room Addition in Denver Adds Value to Your Home

Now that we’ve discussed the various benefits of a room addition in Denver, let’s briefly discuss the ways the project adds value to your home.

1) Drive Traffic to Your Home

When your home is listed on the MLS you want to drive as much traffic to the listing as possible. Photos work great in this category, but you’ll need pieces to show off in those photos to stand out. When you’ve updated your home with extra rooms, it draws in buyers who eagerly want what you have. They’ll pay top-dollar for the property.

Denver is a seller’s market right now, with homes selling for an average median price of just over $600,000. There are still tons of ways to maximize the profits you enjoy during the sale of your home. Without question, sexy, lavish homes sell quicker than fixer-uppers and mediocre homes -and they have higher ticker prices. Anyone who wants to live the Denver high life wants a home ready-to-move-in and benefit their needs. Room additions do just that.

An oversized kitchen, outdoor living space, home office, or theater room can certainly be the selling factor in your home when it comes down to your property or the next. You’ll attract buyers to the property when you have luxurious additions and pocket more cash when it sells.

• More features to brag about
• More selling points to discuss in real estate ads
• More glamorous photos to post to showcase the home
• Rooms that families want and need in their home

Tip: A well-staged home embellishes your room additions so they stand out and create a more homely, comforting atmosphere for potential buyers. Do not forego the staging process when selling your home.

2) More Space

Large families need larger homes to accommodate their families and lifestyles. Buyers look for homes with extra space and all of the lavish amenities that traditional homes do not. These add-ons give more square footage to your home, which adds value, and makes it more attractive to buyers.

Maybe you have rooms that are not finished yet, such as the attic or basement. Finishing these rooms is just as beneficial as adding on an entirely new room as far as added value is concerned. The more usable space available in the home, the more valuable it is to buyers.

Buyers want homes that give them enough room to live comfortably now and grow in the future without burdening them when it’s time to clean. The more space your home offers, the more potential buyers will come forward to stake their claims in the property.

3) Increased Functionality

We all look for things that make our lives a little bit easier. Room additions increase functionality around your home, minimizing future purchases and upgrades. You can add on a room with modern technology and features that make life easier and still enjoy added value to your property.

Tips to Maximize the Value of Your Denver Home Addition

Now that we’ve discussed the potential value that home additions in Denver bring your way as well as the ways they add value, let’s cover a few tips that can help maximize the value of your project.

• Choose the Right Home Remodelers in Denver: Home remodelers vary in expertise, experience, dedication, and price, so it benefits homeowners tremendously when they compare their options. Select remodelers that seem genuinely interested in your project, offer free estimates, and those that stand behind their work. Research finds the ideal contractor to complete your room addition in Denver.
• Set a Budget: Set a budget before completing any major home improvement project. Getting in over your head to complete a home addition in Denver is the last thing that you want to happen. With a budget set, there’s less risk that will occur.
• Electric & Plumbing: Don’t make changes to the home that require you to move the electrical or plumbing systems because this increases the cost of the project and brings on a tremendous amount of undue stress.
• Go With the Flow: Choosing a room addition in Denver that matches the flow of the current home’s design is the most affordable route to take to get a great deal on your project.
• Consider Your Additions Carefully: Do not choose ultra-sheik or eccentric designs that could potentially be difficult to sell. Adding spaces that buyers want will dramatically increase its appeal and selling power.

If you would like to chat more about home additions in Denver and learn how they increase the value of your property, give us a call today at 720.902.5773 or send us an email.