Home Improvement: Increasing Resale Value with Another Room

A house is probably the most expensive investment that you have and will ever make. Most people go into debt that they had to pay off over 15 to 30 years to buy their own house. Moreover, after purchasing the home, the expenses do not end. The homeowner now needs to spend more money to renovate, redecorate, repair, and replace different areas throughout the entire house.

The Joys and Struggles of Being a Homeowner

It is expensive and exhausting, but it is a worthwhile purchase because the property becomes your own. You can tailor it based on your preference and needs without meaningless restrictions from your landlord.

It will also provide you with an assurance that you will always have a roof over your head. You will not be at the mercy of an owner who may suddenly increase the rent and make the space too pricey for your budget. Your monthly due is decided when you take out a mortgage at the beginning of your house buying journey.

In addition, over time, the property will likely rise in value. By the time you are ready to upgrade to a bigger and better house a decade or two in the future, you will get back the money you spend on the property and more.

However, like every investor, you want your house to have a high return on investment (ROI). Many homeowners make improvements to the property to increase its resale value. One home improvement project that is sure to increase the resale value of a home and make the property more desirable for potential buyers is an additional living space.

new homeowner

The Great Outdoors

Nowadays, an outdoor living space is a necessity. Everyone went through a year-long pandemic where they were asked to stay indoors to be safe from the spreading virus. Those who had an outdoor space were lucky because they had a chance to breathe in the fresh air and hang out outside without having to wear a mask. The rest had to spend the entire day inside all day.

It is unhealthy to spend so much time indoors. The most dangerous consequence of surrounding yourself with walls and roofs is the lack of exposure to natural light. Your body needs sunlight to produce vitamin D, an essential nutrient that supports strong bones and the immune system. Moreover, sunlight resets your circadian rhythm, the internal mechanism that determines whether it is time to wake up or time to sleep.

In addition, being in nature has a healing effect. It improves mood, reduces stress, and boosts vitality, the feeling of recharging your physical and mental energy. In contrast, staying indoors does the opposite.

A Room of One’s Own

During the pandemic, outdoor living spaces were in high demand. Contractors across the country had long waiting lists of clients who needed to build patios, decks, and pools as soon as possible. However, the garden room is one of the best additions that you can make to your home.

A garden room, as the name suggests, is a living space that either provides a look at or is located within the garden. It can either be connected to the house or a completely separate building. It is also a versatile space. Many garden room ideas online can inspire you, but most people use the space as a breakfast nook for entertaining guests, a wellness studio, or a home office. Others also use the space as an additional bedroom for when they have guests over.

The goal of the space is to bring you closer to nature. It can be a plant room where all the foliage you have collected can get more sun.

Impact on Property Value

The best part, once you are ready to sell the property, your garden room will raise the house’s value because it is an additional living space. According to some experts, a garden room gives the property 1.5 times their initial cost depending on materials used and installation of the building. Most garden rooms can increase the overall value of the property by 5 percent. Its presence also makes the house desirable to buyers. It will make selling the property a lot easier.

An outdoor living space is an excellent addition to any home. It is versatile. You can turn it into anything you want. Moreover, it brings you closer to nature by removing the walls and doors that separate you from the environment. In the future, once you are ready to sell, it will continue to benefit you by increasing the property’s resale value.