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Room additions are a good idea if you want to expand your floor space a little more. But how valuable are they for old homes? Hereu2019s an overview.
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How to Determine the Added Value of Calgary Home Additions Perhaps an essential piece of advice you can receive regarding home addition is to stick with the popular choices. People want the common features of a home because they can accurately measure the added value, and they want to avoid strange features that are hard to quantify monetarily.
Study Your Market Right in line with our first piece of advice, studying your residential market is key to the success of your home additions. Many fantastic home additions add real value in many areas of the country. Typically, this property market values the following additions: • Kitchen renovations • Basement development • Porch additions, like enclosures or expansions • Dormer extensions for lofts, second bedrooms
How Much Value Do Calgary Home Additions Actually Add? According to The Nest, an addition like a shed roof dormer may cost between $10,000-$15,000 or upwards of $20,000. This is not an unreasonable amount to ask for a second-floor observation deck, and they continue on to say that homeowners can expect to “add 80 percent of that [the cost] in value.”
Although some homeowners might call home additions “costly,” the truth of the matter is that they’re not one-time purchases; they’re investments. And as such, spending money on them is—often—extremely worth it.
