Renovation Ideas You Can Count on to Update Your Home & Add Property Value

Posted on July 14, 2023

Modern White Kitchen - Renovation Ideas You Can Count on to Add Value to Your Home

If you're considering remodelling, it's important to focus on renovations that will not only enhance your space but also ensure it's up-to-date for modern buyers. This way, you can make an actual return on your investment. Here are seven renovations that consistently add property value, according to our experts.

1. Modernize Your Kitchen

The kitchen is often regarded as the heart of the home, serving not only as a place for cooking and dining but also as a gathering space for family and friends. Because of its central role in daily life, updating your kitchen can significantly enhance your property's overall value and appeal.

Think about investing in modern appliances that improve efficiency and offer the latest features. High-end options often save energy and add convenience, making everyday tasks easier. Quartz or granite countertops are excellent choices for both durability and aesthetics; they elevate the kitchen's visual appeal while providing a functional workspace for food preparation. Additionally, high-quality cabinetry can transform the space, offering both style and storage solutions.

2. Refresh Your Bathrooms

Much like the kitchen, bathroom renovations can significantly contribute to your home's value. Consider installing walk-in showers, double vanities, or heated floors. Upgrading fixtures and tiles can also create a fresh, updated look.

Additionally, incorporating energy-efficient fixtures can reduce water usage and utility bills. Don't forget to include adequate lighting and storage solutions, as these elements can improve both functionality and aesthetics.

3. Increase Living Space

Adding more living space to your home, such as adding an extension or finishing a basement or attic, can dramatically increase its value. These areas can be transformed into guest bedrooms, home offices, or entertainment areas, offering additional functional space for the whole family.

4. Install Energy-Efficient Appliances

Incorporating energy-efficient fixtures, such as high-efficiency HVAC systems or Energy Star-rated appliances, can decrease energy consumption, reduce utility bills, and increase your home's appeal to environmentally conscious buyers. Don't forget about LED lighting inside and outside as well!

5. Improve Insulation

Upgrading your home's insulation, especially in older homes, can significantly reduce energy costs and increase comfort. Consider adding insulation to the attic, sealing windows and doors, or even opting for new siding. Luckily, the Canadian government is also offering rebates for upgraded insulation, so you can lower the cost of your renovation and, in turn, increase the ROI of this upgrade.

6. Landscape Your Yard

Landscaping is an often overlooked home improvement project that can drastically impact resale value. A well-maintained yard can greatly enhance your home's exterior while also offering the home's first impression to potential buyers and appraisers. Consider professional landscaping, adding a deck or patio, or even installing an outdoor kitchen for entertaining on warm summer nights.

7. Replace Old Windows and Doors

Replacing old, drafty windows and doors with energy-efficient alternatives not only improves your home's appearance but also reduces energy costs and increases its market appeal. Modern windows are one of the rare additions that impact the wow factor inside as much as it does outside. This is also another one of those projects that may be eligible for rebates, making it well worth the investment. Be sure to check federal and provincial programs for more information.

Work with Team Shane for a Custom Whole-Home Renovation

Implementing these renovations can substantially increase your home's value, making them strategic investments in your or your family's future. As you choose renovations that align with your lifestyle and home's overall design, remember that Team Shane is here to guide you every step of the way.