Home renovations don’t have to be money pits that will only amplify the appearance of your home. Renovations in certain places in the home can give you a nice return if you ever decide to sell or refinance your house. While vanity renovations will modernize your home, getting particular work on the house done will instantly increase the value of your home that can one day turn into a decently sized profit.

Navigate what areas in your home could potentially increase the value of your home with budgeted and planned renovations!

Interior focus

The Appraisal Institute of Canada has officially stated in a 2018 report that the best rooms and areas to renovate to increase the value of your home are the kitchen, bathroom, and interior painting. According to the same report, to garner more profit, replacing your lighting, curtains, and all of your countertops, flooring, and finished basements are also worthy investments.

Kitchen

Both minor and major kitchen remodels can significantly enhance the value of your home, and the return value remains high at 75%. Use your renovation to modernize your kitchen and make it as functional as possible. Buyers will immediately notice the style and functionality of a kitchen upgrade, as the kitchen is one of the most enticing rooms for interested buyers. Even if you don’t plan to sell your home, redoing your kitchen will make it a more inviting central room for visiting guests and your family.

Bathroom

Remodelling your bathroom will give you a chance to remedy any imperfections that might have come about over time. Repainting this room, replacing old plumbing fixtures, and adding new tile flooring can all give you a 75% return rate. It would be best if you renovated this room also to have it match the aesthetics and style of the entire home for consistency, comfort, and flair.

Finished basement

Finishing your basement can take a lot of effort and time to complete, but it has a 70% return rate and is worth all the renovation strife. Potential buyers will look at a finished basement as precious square footage in the home and is often sought after. This project will add value to your home and extra storage space and room for your family to enjoy. It would help if you looked into the proper permits and insulation work that are needed for this project.

Exterior

While redoing the interior will add a lot of value to your home, you should be cautious not to neglect the exterior to maximize profit and value. The most valuable exterior renovations include replacing your windows with energy-efficient and modern ones, attic insulation for more energy-saving value, and a roof replacement if your shingles have become worn.

Getting the most out of your renovation

Renovating productively to gain back profit means remodelling the rooms and parts of the exterior that will increase value. Redoing rooms that need repairs or upgrades can result in an improvement in functionality and appearance that might be valuable to you, your family, and potential buyers of your home in the future! Whether you get the help of a team or a contractor, make sure you receive support and guidance from building professionals when planning your renovations.

Trademark Renovations Ltd. is the leading renovations company in Calgary, with over 30 years of experience, a wealth of design and building knowledge, and winner of numerous consumer choice awards. Our commitment to producing outstanding work, as well as offering honest, transparent customer service, is why we are recognized throughout the industry. With the experience of our Project Managers and the workmanship of our renovation contractors in Calgary, you get a team that is fully equipped to manage your project, working on any bathroom, basement, or kitchen renovations in Calgary. From concept to completion, we will be by your side, offering open communication and weekly reports, so you know you are in good hands. Whether you are looking for a new home addition in Calgary or just a revamped kitchen, Trademark Renovations Ltd. is your trusted company for all home renovations in Calgary. Contact us at 403-277-5600.

Home renovations can be a pricey endeavour and can sometimes take months or even years to save up for. So why not maximize your projects and make them increase the value of your home while you’re at it? That way, your home can serve you as you live in it and when it comes time to sell.

Let’s take a look at some home improvement projects that can increase your home value the most.

3 Renovations That Will Increase Your Home’s Value

Bathroom Renovation

Bathroom renovations are guaranteed to increase the value of your home. But, generally speaking, when it comes to home improvement, bathrooms tend to be the last room in the house to be touched – and it shows.

From a visual standpoint, outdated fittings, colour palettes, and fixtures aren’t appealing to anyone, from the homeowner to potential buyers. From a more practical perspective, the design of older bathrooms doesn’t tend to fit our needs anymore.

By simply replacing the toilet, shower, and bath and updating the vanity and walls, you are instantly able to see your bathroom turn from outdated to modern. However, if you’re wanting your room to really pop, consider playing with tiles in the shower or wallpaper behind the vanity. Adding personality will take your renovation to the next level.

Kitchen Renovation

The kitchen is the heart of the home, so why not treat it with the love it deserves? Kitchen renovations are another excellent project to focus on when it comes to your home’s value, as potential buyers tend to place a lot of emphasis on this room.

Older homes often come with kitchen layouts that no longer work for us. From storage to accessibility, consider how a new design could better serve your needs. Additionally, kitchens feel bigger when there are fewer obstacles. By removing any over-counter cabinets that impede your vision, you’ll allow for the space to flow.

As well, consider adding a kitchen island that can accommodate an eating bar if you don’t already have one. Since the kitchen is such an integral part of the home, it’s important to create an opportunity for the whole family to gather in one place.

Deck Addition

This is a relatively straightforward project but can definitely increase the value of your home. Decks are seen as additional living space by homeowners and buyers alike, so don’t hesitate to maximize your home’s square footage by adding to it outdoors.

Whether it’s a simple space to place a barbecue on or an expansive backyard oasis featuring a fireplace and lighting, decks create an environment that homebuyers can envision having gatherings on.

When it comes time for your home renovation, it always helps to consider what you would look for as a potential buyer. Ultimately, however, don’t forget to consider your own needs; you’re living there, so you want your home to work for you!

Trademark Renovations is the leading renovations company in Calgary. With over 30 years of experience, a wealth of design and building knowledge, and numerous consumer choice awards. Our commitment to producing outstanding work, and offering honest, transparent customer service is why the industry regularly recognizes us. Whether you are looking for new home additions in Calgary or a new kitchen, we are your trusted company. Contact us at 403-277-5600.