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Home Renovations and Additions that Add Value – Milford, MA

14 Mar 2014

Posted by Joseph Coupal

Many homeowners need more space, but don’t want to move. Others want to move eventually, so are working on home repairs and renovations to make their homes more comfortable while they live there but increase ROI once they move.

Renovations within the existing envelope of your home – those that don’t require you to build an addition or expand the roof and foundation – often return more value than building extra rooms onto your home. But another advantage is that they are much cheaper. Basement remodels can be a great alternative to building an addition. Using space that is already within your home is economical and efficient. Basement remodels also increase the value of your home.

Converting an attic into a bedroom ranked third of the 35 improvements in the Cost vs. Value report, returning 84.3% percent of the amount spent. Turning attics into usable space is a popular and profitable improvement in areas where much of the housing is older.

Adding a powder room and then closing off a hall bathroom to make a bedroom suite is popular as well, and it doesn’t require adding to the home. But a home addition can pay – especially the right addition. A smart addition that’s not that expensive can add space to your life and value to your home.

For more information on home renovations and home additions, contact Manzola Carpentry.

money.usnews.com


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