February 17, 2017
With the share of the U.S. workforce working from home increasing over the past several years, home builders have an interesting opportunity to add to potential buyers. Specifically, houses with a value-add amenity such as a home office (or finished basement) can add some value.
At least, in theory.
Remodeling Magazine pointed out that a mid-range home office remodel ends up recouping 48.7% of its construction costs upon resale. And while adding a home office did recoup slightly more of an initial investment than a sunroom, it was behind that of a basement remodel (72.8%) or a mid-range attic bedroom (77.2%).
However, the universal design concept – involving spaces with a cross-functional value, such as a finished basement that can host overnight guests while leaving room for a desk and storage – are experiencing more attention.
For comments, questions or concerns, please contact Amy Sorter