When it comes time to sell your home, you want to make sure that you’re doing everything possible to increase its value. Even a small home renovation project can add thousands of dollars to your home’s asking price. While you’re spending money on something that isn’t going to benefit you, it’s important to understand what renovations will give your home the greatest return on investment.
Here are a few renovation projects that are known to boost home values:
The kitchen is one of the most important rooms in a home, and it’s also one of the most expensive to renovate. However, a kitchen renovation can be well worth the investment. According to a study by Remodeling magazine, a minor kitchen renovation will return 82% of its cost at resale, while a major renovation will return 94%. A new kitchen will help sell your home more quickly, as well as for a higher price.
Here are some Kitchen Renovation Ideas that will increase your home’s value:
– Replace outdated cabinets with modern, sleek cabinets
Replacing your old, outdated cabinets with modern, sleek cabinets is one of the easiest and most affordable ways to give your kitchen a new look. A complete makeover can typically be completed within a few days or weeks, depending on how much work needs to be done.
– Install new countertops
The countertops in your kitchen are an important feature as they are one of the first things that people see. Installing new countertops can give your kitchen a fresh, new look. There are many different types of countertops to choose from, so you can find one that fits your style and budget.
– Install a new tile backsplash
A tile backsplash is a great way to add some personality to your kitchen and make it stand out. There are many different types of tiles to choose from, so you can find one that matches the style of your kitchen.
– Upgrade your appliances
Replacing old, outdated appliances with new, energy-efficient appliances can help increase the value of your home. New appliances are not only more energy-efficient, but they are also much more attractive.
– Add new lighting fixtures
Installing new lighting fixtures can make your kitchen brighter and more inviting. You can install any type of fixture that matches the style of your home, including chandeliers , lamps , or recessed lighting .
It is no surprise that the bathroom is the most popular project for home renovation in Barrie, ON.
According to the National Association of Home Builders, bathroom renovations are currently dominating home renovation projects.
Increasing the value of your house is often what causes homeowners to want to renovate their bathrooms in the first place, but they also benefit from additional purposes as well. When you make improvements on a bathroom, there are actually many different benefits – both financial and otherwise – that you can enjoy. Here are just a few.
Reduced Utility Bills
Any time you upgrade your home, especially when it comes to appliances and fixtures in the home, you could save on utility bills. For example, many homeowners install water-saving faucets and showers that flush less often and require fewer gallons of water per minute. The less you use your bathroom, the less you spend on your monthly water bill.
Increased Home Value
According to Remodeling Magazine’s annual Cost vs. Value report, a midrange bathroom renovation will give you a 72.5% return on investment when you sell your home. That means that for every dollar you spend on renovating your bathroom, you can expect to get back nearly three dollars when you sell your home.
A well-renovated bathroom can be much more functional than one that has not been touched in years. If your bathroom is outdated or just doesn’t work well for your needs, a renovation can solve those problems. Upgraded features like dual sinks, large soaking tubs, and glass-enclosed showers can make your bathroom more luxurious and easier to use.
A bathroom renovation can also improve the aesthetics of your home. This is especially true if your current bathroom is in bad shape or doesn’t reflect your personal style. Upgrading the fixtures, tile, and paint can give your bathroom a much-needed facelift and make it more appealing to potential buyers if you ever decide to sell your home.
There are many other benefits to a bathroom renovation, so don’t let the fact that you have one small bathroom stop you from considering it. Even making certain improvements can have tremendous benefits. If your budget is limited, try replacing older standard fixtures with low-flow models or learn how to do minor home repairs yourself instead of hiring a contractor. No matter what, always do your research to find the best value for your renovation dollar.
How to Choose Home Renovation Contractors
Home renovation contractors can be a huge help when it comes to making your home improvements. They can take on everything from the design work to the actual construction, which can save you a lot of time and effort. However, not all contractors are created equal, so it’s important that you know how to choose the right one for your project.
Know what you want and be specific
The first step is to know what you want. Home renovation can be a huge project, and it’s important that your contractor understands exactly what you’re looking for. If you’re not sure, take some time to browse home improvement magazines or websites to get some ideas. Once you have a general idea of what you want, sit down with your contractor and be specific about your desires. This will help them better understand your project and ensure that there are no misunderstandings down the road.
Get referrals from friends, family, or colleagues
One of the best ways to find a contractor is through personal referrals. If you know someone who successfully completed a home renovation project, ask them if they can recommend their contractor to you. Homeowners who love their contractors will often be happy to refer you to them, and that’s exactly what you want when it comes to such an important decision.
Search online for contractors in your area
If you don’t have any personal recommendations, you can search online for contractors using your city or state. Home improvement websites are great resources for finding contractors in your area, and they often have customer reviews so you can see what previous clients had to say about them. Homeowners love to share their opinions online, so you’re likely to find good information this way.
Check out the contractor’s website and portfolio to see if they’re a good fit for you
Once you have several contractors in mind, take some time to review their websites. Home renovation contractors usually post before and after images of previous projects, so this is a great way to see what they’re capable of. If possible, try to view some of the completed projects in person. Home renovation can be expensive, so it’s important that you verify their previous work before signing a contract.
Ask the contractor about their experience with that type of project before signing any contracts
It’s also important to ask the contractor about their experience with your specific type of project. Home renovation can involve many different tasks, so it’s crucial that your contractor has experience with the specific renovations you want done. If they don’t, they may end up subcontracting some of the work to other contractors, which could lead to delays and cost overruns.
Be wary of companies that offer financing options
Many home renovation companies offer financing options, but this should be a red flag. Financing a home renovation can be risky, and it’s important that you know what you’re getting into before signing any contracts. Often, these financing options have very high interest rates and can end up costing you a lot of money in the long run.
Home renovation can be a great way to improve your home’s value and make it more comfortable to live in. However, it’s important to do your research before starting any projects. By following these tips, you’ll be able to find the right contractor for your needs and have a successful home renovation project.
Contact us for a Home Renovation Project in Barrie, ON
Handyman Renovation is a Home Renovation Contractor in Barrie, ON. We provide a wide variety of Renovation Services, including Home Renovation, Kitchen Renovation, Bathroom Renovation, Flooring Installation and more. Our team of experienced professionals will work with you to create a Renovation Plan that meets your needs and budget. When it comes to home renovations, there are many alternatives, but what sets us apart from the competition is that we provide a variety of services. We provide excellent service at affordable rates. We do not charge extra for a wide range of high-priced add-ons, and our team is fully insured, which means you can rely on us to deliver outstanding care and top-quality results. If you are looking for a home renovation contractor in Barrie, look no further than Handyman Renovation. Contact us today for a free consultation!