Does a home office add value
You may be considering building a home office in your home or apartment, and it’s something more and more homeowners are considering as the COVID-19 pandemic dramatically increases the number of people who now work remotely. But if you own a home, the big question is whether adding a home office will increase the value of your home.
What makes home offices so attractive to buyers?
New York’s Capital Area is full of remote area properties designed solely for working from home. Let’s take a look at what makes home offices so appealing to buyers before they decide to move.
- A personal office serves as a single space for all your work essentials. These include a computer, various supplies, paperwork, files, etc.
- Having a separate room from the rest of the house can make it easier to focus on the tasks at hand.
- An office can also be used as a study for both adults and children. Researchers can do their work without having to worry about others disturbing their peace.
- With a locked or private workspace, members of your household are less likely to interrupt important Zoom meetings or conference calls.
- In some cases, adding office space can increase the size of your home. It can be considered an extra bedroom, which directly affects the value of your home.
Built-in desks and cabinets
One of the most popular types of furniture used in a dedicated workspace is a built-in desk. These rooms usually consist of an open shelf where users place their computer screen and keyboard.
They often include drawers under the desk for extra storage space. Some models are specifically designed for home offices, but there are also more affordable versions.
More attractive to potential buyers
If you plan to sell your property in the future, having a dedicated office in the yard will undoubtedly attract more buyers.
This is especially the case for working professionals with families, who are increasingly starting to work from home.
Option 2: Build an Extension
For the adventurous among you, extending a home office is perhaps the most lucrative way to add value to your home. Depending on the building permit and a good piece of land to build on, the choice for an office extension can amount to 10% of the value of your home.
Of course there is the cost of building the expansion. Depending on the size of the office and the number of bells and whistles you want to install, we recommend that you count between € 1000 and € 2000 for every m² of space in the extension. Economies of scale also play a role in the pricing of an extension, so if you’re going for a smaller extension it may be worth being careful and budgeting closer to £2000 per sq ft.