Top Home Renovations to Help You Increase Your Home’s Value
Even if you are not considering selling your home any time soon, it is important to be aware of the potential return on investment when you make home renovations. Some home renovations can have quite a high ROI, and others… well, not so much.
So what home renovations are best when it comes to increasing the value of your home? Here are some of the top according to the Appraisal Institute of Canada.
- Kitchens
Kitchens on average are the most expensive rooms to renovate because you are dealing with so many components including cabinetry, plumbing, electrical, fixtures, etc. But you don’t always have to do a major renovation to bring your kitchen up to date. Sometimes simply by putting in new countertops or refacing your cabinetry, you can revive a tired looking kitchen.
- Bathrooms
Bathrooms are another pricy home renovation for the same reasons that kitchen reno can be expensive. Again though, you don’t necessarily have to gut everything. A modern faucet, showerhead, and cabinet can go a long way.
- Flooring
Replacing outdated or stained flooring is another home renovation that can help you increase the value of your home. Give your home a warmer and more welcoming feel by changing outdated laminate and adding fresh hardwood or tile flooring, or by laying some new carpet.
- Closets
While it’s hard to put a dollar figure on how much ROI you get by adding closet space, we do know that it is something that home buyers look for. Adding more closet space will not only help you keep your own things more organized, but it can be a great selling-feature in the future.
- Energy upgrades
With more focus on the environment than ever before, home buyers want homes that are energy efficient. Besides making your home more saleable down the road, upgrades to your furnace, windows, doors or insulation can also start saving you money on your utility bills right away.
If you are considering any type of home renovation, it is important that the job is done right. Only then can you be assured of getting the best possible return on your investment. If you are looking for a company that can help with these renovations, looks no further than Superior Construction. Call us today at 905-805-8883.
