Home renovations will improve comfort, function and aesthetics of your home. They will also increase property value. Because your home is an investment, you want to make sure you are spending money on your home that will improve that investment.
Many home renovations can improve resale value. Others might not add any monetary value, but could still be worth it if you’re planning on staying in your home for a while. Hudolin’s Renovations in Vancouver shares some examples of both.
Kitchen renovations are the most popular home renovation and they also are one of the most valuable renovations. This is because the kitchen is the most used room in the house. It’s considered the heart of the home, which is why it’s so important to potential buyers. If you’re sick of using your dated or dysfunctional kitchen, a kitchen renovation will greatly improve your own personal enjoyment of the space. If you decide to sell down the road, you can expect your renovation investment to pay off.
Master Suite Additions
Master suite additions are wonderful, but they don’t add too much to your home’s value. If you want to treat yourself to a beautiful oasis, complete with a full bathroom and all the luxurious finishes, please do. It’s worth it if you’re going to live in your house for a while and will really enjoy it daily. If you’re renovating with just investing in mind, skip this one for now.
Upgrading your basement or developing an unfinished space can improve the value of your home. A basement renovation can almost double a home’s usable living space. You can add bedrooms, bathrooms, a rec room, family room and plenty of storage. Not only is this valuable to you while living in your home, buyers will pay more for a home that has a professionally finished basement too.
Upscale Bathroom Additions
Adding a second bathroom in a space that exists in your house is more affordable and has a decent return on investment. An example of this would be adding a bathroom in a space the basement where there wasn’t one before. An upscale bathroom addition that is added onto the footprint of your house does not have a great ROI. If you have a growing family and need that bathroom, it’s worth the cost. If you are renovating to sell, put the money into upgrading the bathrooms you already have.
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Dave Hudolin has been a Ticketed Carpentry Tradesman since 1998 and has extensive experience in residential and commercial construction. Through his company, Hudolin’s Renovations, Dave focuses on home renovations from the most modest to complete home renewal. To each job, he brings his passion for quality service, master craftsmanship, and a well-known congenial manner, ensuring his clients consistently receive top quality work from top quality professionals.
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