ROI is a term that is tossed around to real estate agents and construction contractors in the Noida & Greater Noida land area. It’s true that ‘return on investment’ is a very important part of the remodeling process. Your home is one of your few investments that can actually appreciate in value compared to something like a new vehicle purchase where you lose about 30% of the initial cost just by driving off the lot. One question that we often get here at MG Bros Construction is just how new home additions Noida & Greater Noida actually add value to your property? It’s quite simple, the squarer footage you have in your home the more market value it can command. In this case if you add on to your property, you’re making it bigger and thus legitimately worth more. When pricing a home, the figure that is used is price-per-square-foot. The bigger your home, the more your price-per-square-foot actually lowers. This is really a good thing when it comes time to sell your home, potential buyers won’t look at the ‘whole’ price, but how much house they’re getting for their buck. Gaur City 4th Avenue Resale Price / Gaur city 5th avenue Resale Price / Gaur City 7th Avenue Resale Price / Gaur city 16th avenue Resale Price
When you have more space to work with, you can increase the functionality of your home thus making it more valuable and more appealing to future buyers. With extra square footage gained by new home additions Noida & Greater Noida you can renovate an area of the house into a home office or a rec room or a media room or a wine cellar, etc. All of these types of features increase the market value of your home and thus raise the potential price you can list your property for. Increasing Value Is not Just About Adding Space, when some of our customers think of new home additions Noida & Greater Noida, they take the word literally meaning ‘adding on’ to the square footage of the home. The truth is you can increase your market value without changing the actual square footage – just the liveable square footage. Think of your current dank, dark, basement that we can renovate into a fully functioning family media room. Or how about an attic currently only used for storage that we can transition into an extra bedroom? Increasing livable space doesn’t just have to be about the interior either.
New Home Additions Noida & Greater Noida Are About More Than Financial Value, yes one of the goals of every home renovation is to increase your property value. That being said do not focus solely on the monetary return when calculating your overall ROI. For example, say you only recoup 50% of a basement media room conversion. Was it still not worth it to have 10+ years of family bonding, entertaining guests, and simply just having more space in your home to move about? Now ideally, you will actually make money on every new home addition, but even if you do not you should not count the project as a loss. Boosting your quality of living is a very valuable undertaking. If you did like some home improvement ideas or would like to schedule a free estimate, please feel free to contact us today.