As a home owner, you can add value to a property through making upgrades to the home, like new kitchen counter tops, cabinets and flooring. You could also add to that crown moldings, upgraded bathrooms and new vinyl windows. But what if your home is undersized or doesn’t have the bedroom count needed to support the value?
You add on the functional things! like more bedrooms or bathrooms. You rarely see the opportunity to add on a 3rd or 4th bedroom and extra bathroom(s), but that is precisely what can be done to maximize the value of a property. Many times the cost to add on can vary from $100 – $250 a square foot to design, permit and build on. But in most cases spending $100,000 to add on a home can create $150,000 or more in the properties value once completed. There are other factors to consider like the size of the lot and what size the yard will be after the remodel happens. When the right combination comes together you can take a two bedroom, one bathroom home and create a three or four bedroom home with 2 or even three bathrooms and still have a large back yard for the kids to play or entertain. This is worth considering!
I love real estate and working by referral. I would like the opportunity to earn your referrals and build a long-term relationship with you. Call me with your real estate questions at (714) 293-4786 or use my contact form in order to get the process of buying or selling your home started.
Mike Rains, Realtor
Huntington Beach, Orange County, CA