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Adding a bedroom or second bathroom has the biggest effect on the value of the house. The difference in market value between a 2-bedroom and a 3-bedroom house is massive as many families looking to upsize will want the extra room. While there is an upper limit where adding bedrooms doesn’t make sense when it comes to increasing value—a 9-bedroom home, for example—most homes see the most increase from these two types of rooms.

Modern cottage style holds true to the traditional architectural components of a cottage—including a small footprint, simple floor plan, and a focus on connection to nature. However, it also embraces more modern styling ideas that add some elegance to the rustic appearance, similar to the French country home style. The style includes natural materials, like wood, stone, and linen, but it presents them in a more modern or even contemporary way. Some modern cottage homes even incorporate more ornate decor, which wouldn’t hold up in a traditional cottage that focuses on simplicity and functionality over flashiness.

Redfin reported in 2021 that homes with fireplaces were listed on the market for around 13% more than the national median sale price, but this doesn’t mean that they actually sold for that much. While homebuyer demand reigns supreme, the actual ROI on a fireplace depends on various factors, including size, type, and material.

Open floor plans can come with drawbacks—mainly the lack of privacy and noise dampening. Walls act as an important barrier for traveling sounds, meaning in an open floor plan you could hear your dishwasher running while sitting in your living room. Storage limitations and separation of activities (for example, keeping the kid’s playroom away from the dining room) are other reasons some homeowners are opting out of an open floor plan.