Are Home Additions Worth the Investment in Minnesota?
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Are Home Additions Worth the Investment in Minnesota?

You love your home, and your family is growing. Now, your lovely home is a little too small for everyone to live comfortably. 

Or, you like your home and would like to add an addition to make your current home your dream home. Whatever scenario you fit into, adding a home addition to your Minnesota home can have many positive benefits. Not only will you enjoy your home more, but you can have more space to relax, entertain, or sleep. 

But is it worth the investment? 

Apple Construction set out to answer this question. 

Is a Home Addition in Minnesota Worth the Price?

The short answer is yes! Home additions are worth the price and investment in Minnesota. 

If you add an addition to your home, you can expect to see an ROI based on the number of square feet you add and what type of addition you choose. 

Overall, your home can increase in value by about 30% for every 1,000 square feet you add. That means that if you have room to expand, you should do it! 

Adding value to your home in monetary terms is always great, but getting more enjoyment out of your home is even better. 

How Much Value Can an Addition Add to Your Home?

As we mentioned, you can add value to your home; however, not every addition is equal. Let’s take a look at some average ROIs for home projects based on different types of additions. 

Remember: these ROIs are based on the amount of money invested in the addition.  

  • Kitchen bump-out: A kitchen expansion will get you an ROI of about 80%. 

  • Second story addition: A second story drastically changes the value of your home. Doubling your square footage is appealing to homebuyers. You can expect an ROI of about 65%. 

  • Primary Suite Addition: If you create a primary suite with a walk-in closet and bathroom, you can see an ROI of about 63%. 

  • Extra Bedroom: Bedrooms must be about 70 square feet or more and have lighting, a closet, and a window. Adding a bedroom can increase your home value by about 53% to 75%.

  • Bathroom Addition: Bathrooms can recoup about 53% of the investment you make. 

Things to Consider for Home Additions 

Before you dive into a home addition, consider some of the following:

  • Your mortgage interest rate might increase even if you tap into your home’s equity. 

  • If you’re selling in the next year, maybe consider tackling some smaller projects.

  • If you’re staying in your home for a while, the home addition will be a great way to add value to your home. 

  • You can’t expect every penny back from your home addition investment, but being comfortable in your home is essential. 

Choose Apple Construction for Your Home Addition Projects

Apple Construction is a family-owned and operated contractor company in Minnesota. We have been in business since 2012 and since then, have helped many homeowners beautify their homes. 

Call Apple Construction today at 651-36-APPLE (651-362-7753) or send us a message online. Let us design and build your new home addition! 

 

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