For those looking for a worthy construction project that will increase property value and make the home more comfortable, a home addition may be a good idea. Older homes will get a new life that not only increases their curb appeal but can also improve the look of the whole neighbourhood. There are many reasons to consider adding on to your home, which iRemodel Home Renovations would like to explore below.
Increase Your Living Space
The main reason property owners add on to their home is to increase the amount of available useable space in their homes. A new room or even an extra floor can transform the look and feel of your home immensely. More space also means more amenities such as a larger family room, an extra bedroom, or even a customized kitchen. Not every addition has to be supersized, even smaller additions can turn a cramped space into a dream home.
More Family Space
The cost of living has increased tremendously in recent years. This means that the newest generation that usually would have been buying homes are waiting even longer to leave the nest. Many parents or older residents that are in their retirement years are also holding on their properties longer to accommodate their adult children. Seniors, even those without dependants are noticing that the cost of housing is increasing as the years go by. Adding on to the house gives more space for loved ones to live comfortably and affordably. In some cases, the extra space may even be turned into a rental.
Speaking of rentals, adding on to a home is a great way to earn extra money while increasing your property value at the same time. If you have smaller kids, finding a renter may be tough. In this case, you can rent to a family member or even a college kid who is on a budget. While this may not be the only reason for adding on to the home, it is a great way to make the most of the extra space you have.
Boost Property Value
In most cases, adding more space will give your property a dramatic boost in value. It is important to keep in mind that some additions will add only a small boost or even none at all. Working with a professional construction company like iRemodel Home Renovations will ensure that you make the best choices for your property and your budget.
Home additions are not cheap, but they tend to cost much less than buying or moving to a new home. There are expenses that come with packing, moving, changing schools, and even changing jobs that can be avoided simply by upgrading your current space. Time is also a factor. You can maintain your current schedule during an upgrade, but with relocations, you may have to put your life on hold.
More Light, Better Aesthetics
Adding onto your home will allow you to bring more natural light into your space. This can help reduce energy costs and improve the aesthetics of your home. Speaking of aesthetics, you can create a more luxurious getaway within your own property at a fraction of what you would expect to pay.
How iRemodel Home Renovations Can Help
If you are looking for a solution for your cramped space, or if you want to expand to accommodate your family, we can help. Our skilled construction team will work with you to transform your space into the home of your dreams. To find out more about our Toronto home addition and design packages, give us a call at (416) 825-2542.