5 Renovations that Add The Most Value to Your Home
As a homeowner, it is always a good idea to do periodic home renovations to keep your home up to date. It can be difficult to decide which projects are the best to invest in. Ultimately, be strategic in your home renovations by choosing products that will increase the value of your home over the long term.
In this blog post, we list 5 renovations that add the most value to your home.
1. Kitchen Remodel
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Kitchens are one of the top-selling features of any property, so it’s no surprise that a major kitchen remodel can increase your property value.
According to HGTV, minor kitchen remodels that update the cosmetic features without changing the floorplan yield an average 98.5% return at resale. Cosmetic upgrades can include new cabinets and drawers, updating countertops and backsplashes, replacing old fixtures and faucets, and installing new flooring.
For some kitchen reno inspiration, check out our blog post: Kitchen Design Features that Just Make Sense.
2. Bathroom Remodel
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According to the Appraisal Institute of Canada, renovating your bathroom is another key remodel to boost your property value.
Consider replacing old interiors with items that give your bathroom a more luxurious and modern look by replacing the vanity, tub, shower, and toilet. Consider splurging on tiled showers instead of settling with prefabricated shower units for a truly luxurious space.
3. Finish the Basement
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Finishing your basement increases your property value due to the increase in usable square footage in your home.
Even if you feel like you have all the rooms you need, a basement can be a great place for features such as a wet bar or an in-home theater, both of which are great additions to Edmonton homes, even if only for hockey nights.
Visit our sister company Beautiful Basements to get started on creating the basement of your dreams!
4. Deck or Patio Space
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Home reno’s shouldn’t be limited to the interior of the home. According to Mike Holmes, one of North America’s most trusted contractors, decks and patios are great home improvement projects because they increase the amount of usable space and bring extra enjoyment.
5. Exterior Remodel
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Renovating or remodeling the exterior of your home is a great way to make sure it maintains its curb appeal.
Updating older siding or stucco with newer materials such as fiber-cement siding can give your home a more modern look while increasing the resilience of your home to the elements. A bright coat of paint on the front door and touch-ups on the entryway can also go a long way in revitalizing your home and catching a potential buyer’s eye.