A big renovation is a significant investment. If you want to increase your home’s resale value, you want to choose home improvements that have a good return on investment. Two smart home renovations that will improve function, aesthetics, and value are kitchen renovations and basement renovations.
BAM! Renovation and Construction in Calgary is a professional renovation company. They share more about the value of kitchen and basement renovations.
Kitchen renovations have great ROI
Compared to other interior renovations, a kitchen renovation has a great return on investment. Kitchens are the heart of the home. We spend a lot of time there preparing and enjoying meals and spending time with our families. Having a modern, updated kitchen will increase your property value and make your home more marketable to future buyers.
Remodeling’s cost vs. value report shows that even a minor kitchen renovation can recover 77.6% of its cost at resale. So, if you spend $20,000 on a kitchen renovation you can expect to add about $15,520 to the resale value of your home. Even if you’re not planning on selling, a kitchen renovation will add value to your life at home.
BAM! Renovations and Construction will help you choose materials and finishes that will best suit your lifestyle and needs. They can also make suggestions that will ensure your kitchen renovation is valuable and produces the best ROI.
Basement renovations create functional living spaces
With a finished basement, you can nearly double your functional living space. With more people spending a lot of time at home these days, that extra living space matters. You can create a family room, home theatre room, a space for learning, exercising, or a home office. Working with BAM! Renovation and Construction, you can create the best basement renovation design plan to meet your needs.
A renovated basement can also increase property value. The cost vs. value report states that a basement remodel can recoup 70% of its cost at resale.
If you want to turn your basement into a revenue stream, creating a legal secondary suite is a great option. If you don’t need the space, renting out your basement to tenants can give you extra revenue to assist with your mortgage or other expenses. Plus, a home with a basement suite will attract real estate investors if you decide to sell down the road.
General Contractors in Calgary
Bam! Renovation and Construction have 45 years of experience when it comes to quality renovations and construction. They pride themselves on their ability to create dream homes and to start each project with trust and honesty. Their services cover a wide range from interior renovation, landscaping, project management, custom homes, and much more.
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