A home can be a great financial investment if you make choices that take into consideration more than just your personal desires.
Investing in renovation projects is a great way to build equity and value in your home and can help you build your overall wealth.
But not every home addition will give you a high return on your investment.
In the planning phase, when choosing a renovation project to undertake, it’s a good idea to consider what upgrades will increase your home’s value.
There isn’t always one answer that works across the board. What Arcadia luxury home additions provide the highest return on investment?
Value is often determined by location and what potential buyers in a certain area may want in their future homes.
So here are luxury home additions that are guaranteed to add value to your Arcadia home.
Open Floor Plans
Open layouts have been popular in recent years, and that popularity isn’t going anywhere any time soon. Open floor plans allow for easy entertainment and open sightlines throughout the home.
They can also give the appearance of more space, which is ideal for smaller homes. Open floor plans allow for natural light to flow throughout the living space.
If your home layout isn’t currently open, have a contractor remove the walls between the living room, dining room, and kitchen.
Paint the Exterior
You don’t want to neglect the exterior of your home when renovating.
Curb appeal is just as important as a beautifully designed interior. So dedicate some of your renovation budget to house painting or fixing the stucco.
A fresh coat of paint can attract potential buyers by making your home stand out from others on the street. And while it might be a big project, it’ll bring in a high return on investment.
Add a Home Office
Working remotely isn’t going away anytime soon, so many homeowners want a dedicated space where they can work uninterrupted.
Even if someone doesn’t work from home, having a place to get work down and organize house finances is always a bonus.
Create a dedicated working space in your home to get a higher return on your investment. You can convert a spare bedroom into a home office with a simple renovation.
But building the extra space instead of giving up a bedroom is definitely something potential home buyers want to see.
An addition to your home or a backyard accessory dwelling unit are two options for adding a home office.
Space for Outdoor Entertaining
With beautiful weather most of the year, of course, people want a space to spend time outdoors.
Outdoor spaces add to your overall living space and allow it to flow outside, so keep comfort in mind when designing outdoor entertainment.
Add a space to lounge and talk to friends and family. Adding a fireplace will allow you to enjoy the outdoors on chillier nights. An outdoor kitchen is also a great addition to your outdoor space.
Don’t forget about the cosmetic upgrades like new pavers for your patio or repainted boards for your deck.
You may also want to add water features like fountains and ponds for a wow factor. And if you want to take outdoor entertainment to the max, add a swimming pool.
Upgrade the Kitchen
The kitchen is the heart of the home, so of course, it’s one of the first places that homeowners go to upgrade.
If you’re looking to add value to your home with a luxury remodel, the kitchen is a great place to start.
Swap out your old countertops for high-end stone ones like marble or quartz.
New cabinets will also go a long way in adding value. Small details like drawer pulls and knobs will as well.
Brand new tiling will add some style to your kitchen as well as give you a pretty good return on your investment.
Natural light is often at the top of most homeowners’ want lists. And in a state like Arizona, where the sun is almost always shining, adding new windows to capitalize on all that light is a great investment.
New windows could also help regulate energy costs. Leaky or draft windows let out some air, making you raise or lower the thermostat to compensate. But high-quality windows provide insulation that can save you money and provide you a return on your investment.
If you want to add luxury to your home, the bathroom is the place to do it.
Everyone needs a place to relax and unwind at the end of a long week, so create a spa in your own home.
Enlarge the shower and add some high-tech features. Add a large tub to soak and relax in. Don’t forget about storage for linens, toiletries, and cleaning supplies.
Focaus on the small details to create a really luxurious home. Heated floors or towel racks will be the luxury touch that will transform a regular bathroom into an oasis.
New Garage Door
You’d be surprised at how far a new garage door can go. No homeowner wants the benefits of a garage but has a door that’s unsightly or doesn’t work well. It may have a few scuffs, scratches, or dents from the years you lived there, or it might not function well at all.
But replacing the old door with a brand new one will definitely provide a return on your investment.
Choose the Right Arcadia Luxury Home Additions
You may see beautiful homes online or on the glossy pages of magazines. But before considering a renovation, step back and ask if these Arcadia luxury home additions would add value to your home.
Whether you’re looking to sell in the future or just focusing on equity right now, you want to ensure you receive a high return on your investment by adding value to your home after a renovation.
You can custom build or remodel your dream home with 4 Gen Homes. We want to design a home that fits you down to the last detail. Request a consultation to get started on your home project today!
Our company can improve your home to meet your growing family’s needs!
Is it time to upgrade your home with a luxury home addition? We can help you transform your interior and exterior into something you will enjoy for years to come . As a top experienced, luxury remodeling firm, we have proudly served valley homeowners for over twenty years! Contact us to set up a consultation. Call (602) 694-7030 today!