There are horror stories of homeowners who spent thousands of dollars on renovations, only to find that their home turned into a white elephant. In such a situation, it is not only difficult to sell your home but also costly to maintain it as the value keeps plummeting. These aren’t just horror stories but lessons in disguise.
The moral of these stories is that if you’re considering home renovations, it is always a good idea to consider how they will add value to your home before getting started. As professionals, the team at Alair Homes has a lot of experience in this area. Here are some of our top financially smart renovation picks.
Updating your bathroom is going to increase your home’s value immensely. From the fixtures to the bathtub and installing new hardware, you’re almost guaranteed to see a boost in your property value by choosing to focus on this room. This is particularly true if your bathroom has seen a lot of wear and tear. If you’re strictly looking to add value, stay away from high-end objects such as getting a Jacuzzi tub. It might appear appealing, but not every homeowner is looking for this.
Moreover, luxury baths and showers mean that you need to invest in a bigger water tank, and they can even use up more energy. This just means more costs in the form of installation, maintenance and repair.
Kitchen updates are also a smart idea. A neat, clean and spacious kitchen is bound to increase the house’s overall value. What doesn’t usually end up increasing the value is the high-end kitchen appliances. While they might make your kitchen appear beautiful, few people end up using the same tools that a chef-style kitchen holds.
For this reason, keep your kitchen renovations simple, minimal and affordable. You can end up increasing the value tenfold by adding better lighting, improving the space available as well as offering good kitchen appliances that get the job done without any hassle.
A Versatile Room
As a lack of space in homes can be a major issue, a home addition can really increase the value of your property by adding square footage and more usable, flexible space. Room additions are functional and can easily be turned into a living room, a study area, a home office, rec room or even an expanded living room.
By reinventing various areas in your home, you can also ensure that you are able to give your home an illusion of space and a more open feel.
Energy efficient hardware, insulation, windows and appliances are going to exponentially increase the overall value of your home. While they can be costly to install, these are great investments as they end up helping you save money in the long run in electrical and heating costs. Turning your home into an energy efficient and green home is a practical option.
If you’re looking for a great company for your home renovations, get in touch with us. With years of experience and an eye for thoughtful renovations, Alair Homes Rosedale Toronto is an award-winning renovation company that can help give you the dream house you always wanted. Drop a line to access more details regarding our services.