When considering a home addition, it’s essential to calculate the potential return on investment (ROI). A professional home addition contractor in Pacific can guide you through this process. Adding value to your property not only enhances your living space but also increases its resale value.
Types of Home Additions and Their ROI
1. Accessory Dwelling Units (ADUs) and Detached ADUs (DADUs)
With recent rezoning laws in Washington State, constructing ADUs and DADUs has become more attractive. These units offer excellent rental income potential and significantly boost property value.
2. Kitchen Remodel
A modern, updated kitchen is a strong selling point. On average, a minor kitchen remodel can yield an ROI of about 80%.
3. Bathroom Addition
Adding a bathroom improves convenience and typically offers a 70-75% ROI. It’s particularly beneficial in older homes with fewer bathrooms.
4. Deck Addition
A deck enhances outdoor living space and provides an ROI of around 70-80%. It’s an appealing feature for potential buyers who enjoy outdoor activities.
Factors Influencing ROI
- Quality of Construction: Higher-quality materials and craftsmanship increase ROI.
- Local Market Conditions: Demand in your area affects how much value an addition adds.
- Proper Permitting and Compliance: Ensuring builds comply with local zoning laws and building codes is crucial.
Benefits of Home Additions
- Increased Comfort: More space and improved functionality.
- Higher Resale Value: Well-planned additions make your home more attractive to buyers.
- Rental Income: ADUs and DADUs can provide a steady income stream.
Recent rezoning laws in Washington State encourage the construction of home additions, including ADUs and DADUs. Cruver’s Contracting, an experienced, veteran-owned business, designs and implements such builds in compliance with local building codes and zoning laws. For your next project, trust a professional home addition contractor in Pacific. For expert advice and quality construction, contact Cruver’s Contracting at (206) 752-6510.