expensive. Whether you’re adding a bedroom, expanding the living room, or building a new wing entirely, it’s crucial to weigh the costs against the potential ROI. Bedrooms and Bathrooms: The Big Winners Adding an extra bedroom or bathroom can be a game-changer when it comes to resale value. Buyers often prioritize homes with more bedrooms and bathrooms, especially in family- friendly neighbourhoods. A well-executed addition can make your home more competitive in the market and justify a higher asking price. However, it’s important to ensure that the addition is in line with the rest of the house. For example, adding a luxury master suite to a modest home might not yield the best ROI, as it could price your home out of the local market. On the other hand, a new bathroom in a home that only has one could be a highly desirable upgrade. Living Room Expansions: Open Up the Possibilities An expanded living room can make your home feel more spacious and inviting. Open floor plans are highly sought after, and creating a larger, more versatile living area can appeal to a wide range of buyers. When expanding the living room, consider how the space will be used. Will it flow seamlessly into the kitchen or dining area? Can it accommodate both everyday family activities and formal entertaining? These are important factors to consider when planning the layout and design. Remodelling for ROI: Where to Focus While room additions are one way to increase your home’s value, remodelling existing spaces can also yield a strong ROI if done strategically.
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