3 Home Additions Worth the Investment
With home prices up 18.6% from September 2020 to September 2021, according to the Case-Shiller U.S. National Home Price index, homeowners are gaining equity -- making this a perfect time to use that newly gained equity to improve their homes. One improvement that really makes a difference in day-to-day living while adding value to a home is an addition.
There's no question that a properly executed addition done by a licensed contractor adds value to a home. The question is, how much value does it add? Additions are expensive, so if you're considering doing one just to add value before a sale, you might be better off just selling as is.
Additions are for people who intend to stay in the home awhile after completing the project. The reason: You'll almost never be able to recoup the entire cost of the addition right away, but you could still earn a pretty sizable return on investment by doing one.
Source Fool.com
