Five Additions That Add Value to Your House

by K.J. Castle

    Remodeling a home takes time, energy and most of all, money. Homeowners often focus on funding projects that add value to the price of the home. Generally speaking, a home addition that increases the functional space of a house -- such as adding another bathroom -- is more valuable than a project that makes the house look better aesthetically. The return-on-investment estimates include the cost of professional labor, which can vary based on company and region.

    Adding a Bathroom

    Installing an additional bathroom, particularly if your home only has one, is a cost-conscious investment. Find the space for a second bathroom by scrutinizing under-used spaces in your home, such as guest rooms or large closets. Half-baths require at least 18 square feet of space, according to MoneyCrashers.com, while a full bath with a stand-up shower needs at least 30 square feet. Adding a full bathroom with a tub requires at least 35 square feet. According to Remodeling Magazine’s 2013 Cost vs. Value Report, you’ll recoup nearly 55 percent of the cost of adding a mid-range bathroom and add more than $20,000 to the value of the home.

    Adding an Outdoor Deck

    Installing a deck adds square footage to your home, which increases the value. A wooden deck is more budget-friendly than using composite materials; however, a composite deck adds more value to the home. According to the Cost vs. Value report, you’ll regain 77 percent of the cost of a wooden deck and 67 percent of a composite deck, but the latter adds $10,000 of value while the former adds just over $7,000.

    Adding an Attic Bedroom

    Creating additional living space is a sure-fire way to add value to your home, and one way to do that is to turn the unused, dusty attic into a fresh bedroom. This addition will cost approximately $48,000, according to Remodeling Magazine, but it’s significantly cheaper than other room additions, says U.S. News and World Report. A living room addition can cost upwards of $80,000. An attic bedroom addition will tack on approximately $35,000 to a home’s value, and you’ll get back around 73 percent of the money you put into it. Other living space additions that will increase resale value and have a high return on investment are a master suite addition, family room addition, sunroom addition and garage addition.

    Adding a Second Story

    Building another story on your home is undoubtedly one of the most-expensive additions you can undertake -- an average of $152,000, according to Remodeling Magazine -- but it also adds nearly $100,000 of value to the home. Before beginning construction, contact the local zoning office to ensure you’re legally allowed to add another story. Some codes have height restrictions.

    Adding a Steel Entry Door

    Installing a steel front-entry door is the number one project in the Cost vs. Value report, with homeowners recouping more than 85 percent of the cost. A steel door adds security to the home and increases energy efficiency. It’s also more cost-efficient than adding a fiberglass door. The fiberglass variety adds approximately $1,800 to the home value, while steel doors add around $1,000. A new door also boosts curb appeal, according to Remodeling Magazine’s editorial director, Sal Alfano, in an article in U.S. News and World Report.

    About the Author

    K.J. Castle began writing and editing professionally in 2007 after graduating with a degree in journalism from Pennsylvania State University. She's currently on staff at a nutrition magazine and enjoys running and cooking.

    Photo Credits

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