Whether you are looking to sell your home or simply want to make sure your renovation is a good investment, it is always wise to research before remodeling.The right remodeling project has the potential to add a lot of value to your home, but you need to make sure you are choosing the right construction companies in Vancouver.
construction companies in Vancouver This list is here to help you This list is here to help you understand if your home renovation ideas are financially wise.
1. Install Double Glazing
Many people now view double glazing as a necessity when buying a home, meaning that your windows might be the deciding factor in a potential sale. As Clayton Roofing explains, double glazing is so valuable because of its energy-saving benefits. Double glazing helps homeowners to cut down on their electricity bills and reduce their carbon footprint by sealing the cooling or heating within your home. Whether you are looking to sell your home soon or not, double glazing can be a valuable investment, helping you reduce bills and be more sustainable.
2. Renovate Your Basement
Studies have found that renovating your basement can be a hugely valuable investment to make. The main reason why adding a basement is so valuable is simply because it adds square footage to your home. Adding square footage to your home can actually bump up your property into a higher price bracket. Although it might not be the cheapest of renovations to make, studies have found that a homeowner might expect to recoup 70% of their investment made in a basement renovation.
3. Improve Your Curb Appeal
Improving your home’s curb appeal can help your property make the right first impression on a potential buyer. You should never underestimate the power of a good first impression, especially in the real estate market. In fact, 94% of realtors surveyed reported that your curb appeal would add value to your home. As improving your curb appeal might involve only small jobs like mowing the lawn and completing some landscaping, it is a completely realistic renovation any homeowner can make.
4. Replace Your Garage Door
Replacing your existing garage door with a newer and more impressive model will pay off big time. On average, homeowners could expect to recoup 95% of the investment made in a new garage door, or even more, if they reuse the existing electric opening system.
5. Update Your Flooring
According to the Remodelling Impact Report, updating your flooring is one of the most valuable remodeling projects that you can undertake. Findings show that by refinishing your existing hardwood floors, you can expect to recoup 100% of your investment made at the point of resale. If you choose to install new wood flooring, you can expect to recoup a staggering 106% of your original investment.
If your floors are in good condition, or you are selling your home at a very high price range then you might not need to update your flooring. This is because buyers of expensive properties tend to remodel the whole building to suit their tastes.