Boost Your Property Value by Adding a Home Addition

by | Jan 15, 2024 | Home Design

Boost Your Property Value by Adding a Home Addition

If you’re happy with your current home and neighborhood, but want to add to your home’s square footage, need more bedrooms or bathrooms, or are looking to increase your property value, a home addition may be just what you need.

Like any home remodel, additions come in all shapes and sizes, and yours should be tailored to your specific needs, goals, and budget. A home addition may be as simple as renovating an unfinished basement or adding a room to a house, or it may be as extensive as building a fully functional ADU.

With the right vision and the help of experienced designers and contractors, adding an addition to your home can make the space more livable and enjoyable and boost the value of your property.

Does an addition add value to a home

Does an addition add value to a home?

It’s well known that investing carefully in your property over the years can yield substantial gains when you finally decide to sell. There are lots of ways to add value to your home through remodel and design projects, and one of the best investments you can make is a well-planned home addition.

When you think of a home addition, you may picture tearing down walls and adding a whole new wing to your property, and this can be a great way to boost your home’s value. But many home additions involve a less invasive approach, such as finishing an unfinished space like an attic or basement. A home addition can turn an existing unfinished storage space into a beautiful family room or home office that could become one of your most used and enjoyable spaces.

Whether you’re building onto your home or renovating an unfinished space, a home addition adds livable square footage, which increases the value of almost any property. Adding an addition to a house can also be an excellent way to add desirable amenities like an office, home gym, or sunroom. It can also add more bedrooms and/or bathrooms or even opportunities for multi-generational living, which can significantly expand your potential buyer pool when it’s time to sell!

Choosing the Right Kind of Addition for Your Home

Choosing the Right Kind of Addition for Your Home

Every home addition is different, and yours should suit your unique goals, home, and neighborhood. The type of addition that’s right for you should depend on your family’s needs, your city’s building codes, any HOA restrictions, and your budget.

Remember, your home is part of a larger neighborhood, and buyers seeking a home near yours may have specific items on their wish lists. If the homes on your street boast large, well-maintained backyards, for example, building a side addition may take away from this feature. But adding a second-floor expansion or a finished basement may be the ideal solution!

Here are some popular additions that can not only increase property value, but also make your home more comfortable and desirable:

  • Home gym
  • Larger master suite
  • Home office
  • Pool and pool house
  • Game room
  • Laundry room
  • Second floor
  • Family room
  • Sunroom
  • Guest house or ADU

If your lot size or city’s building restrictions won’t allow for an addition, you may still be able to maximize your home’s square footage and increase its resale value by turning an attic into an office or bedroom or converting a garage or basement into a family room, bedroom, or other living space.

How to Maximize Value Through a Home Addition

How to Maximize Value Through a Home Addition

By working with the right people and making educated, careful decisions about your project, adding an addition to your home can be one of the best ways to increase your home’s value.

Firstly, it’s important to find experienced, quality designers and contractors you know you can trust. Working with a remodeling company that has demonstrated experience with home additions is vital. When looking for a local design/build company to take on your home addition project, pay careful attention to their portfolio of work and customer reviews to ensure they meet your expectations.

At L. Evans Design Group in Portland, we understand the ins and outs of home additions and what local buyers look for in the home search. We’ll work closely with you to develop a detailed, personalized plan that works for your lifestyle, goals, and design tastes.

Here are a few of the best ways to maximize your property value through a home addition:

  • Consider the spaces home buyers most desire. These include walk-in closets, ensuite master bathrooms, and laundry rooms.
  • Make sure you fully understand the costs and benefits of a home addition.
  • Avoid ultra-custom designs that will be difficult to sell.
  • Choose a design that flows seamlessly with your home’s current layout and style.
  • Opt for high-quality, timeless materials.

Home Addition FAQs

What types of home additions are most valuable?

Getting the biggest bang for your buck really depends on your existing home. For example, simply adding a room to a house that has minimal square footage can go a long way. In other cases, building an ADU or refinishing a basement may be the most effective way to boost property value.

Here are a few of the most desirable home additions to consider:

  • Home gyms
  • Larger master suites
  • Home offices
  • Sunrooms
  • Second-floor expansions

Can I add an addition if I have limited space or restrictions?

Not everyone has the opportunity to add square footage to their existing floor plan, especially if you have to contend with a small lot and/or HOA restrictions. But you can still maximize your current square footage and increase property value by converting existing spaces such as attics, basements, and garages into more usable rooms. You can even strategically divide a large area to add rooms to your floor plan!

Does adding square footage add value?

Absolutely. Just about every method used to estimate the value of a home considers its square footage. More living space is almost universally desirable to buyers, so adding an addition to a house can make it appear better on real-estate sites and justify a higher listing price.

It’s important to keep in mind, though, that not all square footage is created equal. The layout and style of the space can significantly impact how much an addition can boost your property value, as well as the features in the new room(s). In general, working with a skilled designer is the best way to ensure you get the maximum return on your investment.

Should I build a home addition or refinish my basement?

The answer to this question depends on your existing home and your goals. In general, refinishing an unfinished area like a basement or an attic is a less expensive project than building a separate addition or adding a second floor. 

But you may not have an unfinished space to work with, or you may not be able to achieve your goals with this type of addition. For example, if you’re hoping to add a mother-in-law suite with a kitchenette and bathroom, you need to make sure your basement can accommodate the necessary utilities and meets the standards for a legal bedroom.

Are you ready to boost your home’s value through a home addition

Are you ready to boost your home’s value through a home addition? Have questions about where to begin?

At L. Evans Design Group, we have years of demonstrated experience working with clients to design and build home additions that add livable space and boost property value. We will consult with you to understand your vision and work within budget as we help you design and build the home addition of your dreams.

If you have questions about your project or would like to learn more about how we work, give us a call at (971) 404-1241 or contact us online to set up a project consultation. We can’t wait to meet you and hear about your ideas!

Get in Touch!

Let us help you with your next full home, kitchen, bathroom, custom addition, or aging-in-place redesign project today! 

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