Room addition cost

A recent survey showed that approximately 66% of homeowners are planning to renovate their homes. In addition to newly-built custom home designs, many existing homeowners are finishing their basements to create additional space for entertaining and other purposes. If you’re thinking about purchasing a newly-built home or are renovating an older house, you may be interested in a few recent trends.

Trends in Newly-Built Custom Homes
The 2016 U.S. Houzz and Home survey indicated that 68% of the participating homeowners were planning to add a recreational area to their custom-built homes. The types of recreational areas that were planned for 29% of these homes included gaming and entertainment rooms.

In 2016, there were 561,000 newly-constructed single-family homes sold, according to the United States Census Bureau. Out of this number, 388,000 had a two-car garage. When homeowners plan to purchase these new-home constructions, they tend to be able to choose a variety of features, such as adding on that second garage space.

Trends in Basement Finishing

The National Association of Home Builders recently conducted several surveys. These surveys revealed that over the past 20 years, finished basements are at the top of the list for the most-popular renovation projects. While many home additions and upgrades can increase a homeowner’s return on investment, Home Advisor indicates that the average basement remodel can bring a potential 70% return. While you may be planning to live in your house for decades to come, it’s still important to know that your remodeling can increase your home’s value.

Contact a Home Renovation Contractor to Learn More

Are you looking for a home remodeling contractor to finish your basement? While there’s a good chance that you already know how you’ll use this room addition, you may also be looking for a few basement design ideas. When you consult with a home remodeling contractor, they will be able to show you photos of their previous projects. Furthermore, once your contractor views and measures the space that you have available, they will have additional ideas and recommendations. At this time, you can also discuss what you envision, such as creating an entertainment room, a guest bedroom, or an office space.

Leave a Reply