Add Property Value with an Addition
In the world of real estate, the quest for increasing usable space and improving property value often leads homeowners to consider enhancements that will entice potential buyers in the future.
Some remodels can have a poor return on investment (ROI). Several factors, including the property value "ceiling" for that location, the type of remodel, the quality of the work, and the preferences of potential buyers can influence the potential future returns. Certain high-end or niche remodels, such as adding a swimming pool or highly customized remodels with unique designs can only appeal to a limited number of buyers and often have a lower ROI.
On the other hand, more universally appealing designs and practical upgrades, such as kitchen and bathroom renovations, curb appeal projects such as fresh paint on the exterior, upgrading or adding porches and outdoor living areas, updating landscaping, and adding new front doors tend to have better ROI.
Some of this reasoning behind low or poor ROI may not matter if the property is your "forever home" or "for-a-long-time'' home because quality enjoyment from the remodel is more important.
If you love your home, but could use some extra space, a thoughtful way to make use of any additional square footage like an unused patio is to turn that space into an addition.
When you work with a construction company like our team at Anderson & Rodgers Construction, we can help create gorgeous and usable spaces that will add both physical value and potential real estate value to your home.
Option 1: Expanding Living Spaces
One of the best ways to add to your home is expanding your current living spaces. By working with our experienced home remodeling contractors in Lexington, KY, you can expand your living spaces in a manner that is both beautiful and functional. Whether it's adding an extra bedroom, a spacious living room, or even a home office, these additions cater to the immediate needs of homeowners and serve as significant life improvements and future selling points, contributing to long-term property value.
Option 2: Elevating Homes with Patio Remodels
Beyond interior enhancements, the value of a property is also significantly influenced by its outdoor appeal. Patio remodels in Kentucky and Ohio are emerging as a popular choice among homeowners aiming to create inviting outdoor spaces. Imagine a beautifully renovated exterior space that is perfect for entertaining guests or enjoying a quiet evening with family. Through strategic patio remodeling, homeowners can enhance their quality of outdoor living areas and enjoy the overall value of their property.
Option 3: Bathroom Remodel
Bathroom remodels can significantly elevate one’s quality of life and enhance a property's value and appeal. Modern, well-designed bathrooms are a personal sanctuary. When you upgrade your bathroom with contemporary fixtures, energy-efficient features, and luxurious touches, a bathroom remodel can instantly elevate the beauty and value of a home.
Return on Investment
Investing in home additions is not just about immediate gratification—though creating a more enjoyable space is certainly a vital part of any construction process—but it's a long-term financial strategy. With the right additions, homeowners often witness a substantial increase in property value, be it through kitchen remodels, bathroom remodels, additions, or patio upgrades.
Why Work with Us?
Choosing the right team for your home addition project is crucial. Our home remodeling team in Lexington, KY, bring a wealth of experience and local expertise to the table. Our knowledge of construction and design ensures that additions to your home are built with lasting quality and value in mind. From navigating building regulations to employing top-notch craftsmanship, our professionals play a pivotal role in the success of your home remodeling project.
Contact Us Today
For homeowners in the area looking to boost the usability of their home and its property value, we cannot recommend home additions and patio remodels enough. Collaborating with our seasoned home remodeling contractors ensures that the process is smooth, professional, and tailored to the unique characteristics of the local housing market.
Contact us today at Anderson & Rodgers Construction to get started on your home project. Plus, visit our portfolio to see our previous work.
Anderson & Rodgers Construction is located in Cincinnati, Ohio, and Lexington, Kentucky. We proudly serve the greater Lexington, Cincinnati, and Central Kentucky areas including Versailles, Georgetown, Richmond, Winchester, Kentucky.
