Undertaking a major home renovation should first be about transforming your house into your dream home. While making your home more functional and beautiful for your family is always the primary consideration, it’s also a good idea to choose renovations that are most likely to improve the re-sale value of your house. Unless you really want exotic and unique features, it’s a good idea to stick with renovations that other families will appreciate if you ever choose to sell your home. Here are some renovation ideas that are the best investment.
Everyone loves a great kitchen, so this is always a good place to start your renovation planning. Updating your kitchen with new cabinets, granite countertops, backsplash tiling, flooring and modern appliances are all a great way to add value to your home.
If you don’t plan on selling your home anytime soon, then don’t be afraid to build the exact kitchen you want. If you are not sure how long you’ll remain in your house, it might be a good idea to constrain your wants a little. Investing in overly exotic materials, ultra-high-end appliances and unique kitchen layouts might not be recouped if you choose to sell your house. Upgrading is great, but try not to overdo it.
If you haven’t replaced the windows on your home in the last couple of decades, it’s a good idea to consider having them upgraded on your next renovation. Most homebuyers are energy conscious and will be looking for a home that will keep heating and cooling costs down. Modern, high-insulating windows add a lot of value and comfort to your home.
New windows look great from the outside and in, improving that all important curb appeal. Modern windows also reduce drafts and make your home temperatures more consistent and comfortable. Add in the reductions to your energy bills, and you’ll see that investing in new windows makes a lot of sense.
Calgarians love their backyards. After a long winter, we all like to spend as much time outdoors as possible. A nice deck or patio will go a long way into attracting future buyers for you home. A beautiful outdoor space will improve your family’s quality of life and make it easier for potential buyers to envision living in your home should you decide to sell later on.
Older homes with a single bathroom or smaller bathrooms could definitely benefit from an additional toilet. More convenience for larger families will be valued when it comes to selling your home. Check out our article on ensuite spa bathrooms.
Finishing the basement in your home is also a renovation that is likely to be valued by future occupants. More usable space makes the home more attractive. Developing your basement is generally much less expensive than adding a room to your home so it is a very cost-effective way to add more space to your home.
There are many renovations that are expensive and not likely to appeal to the general population, making it hard to recover the costs if you are to sell your home in the future. Swimming pools, hot tubs, sunrooms, saunas, luxury appliances, etc. all are best to be avoided unless it’s what you family really wants. Consider the main features of other homes in your neighborhood. Anything that really stands out is likely to be under-appreciated by others.
Of course, the main reason to undertake any renovation project is to create the home your family will want to live in for years to come. The primary consideration for any remodelling project should be focused on your family’s lifestyle, now and into the future. If it makes sense for your budget and you think you’ll remain in your home for the long term, by all means build what you want. At Copper Brook, we’ll guide you through the renovation process to help you maximize your renovation budget. No project is too complex for our renovation experts.