KH Cabinets shares the top twelve tips on renovations that increase the value of your home instantly in the article below, by highlighting renovations of kitchen, washrooms, painting, landscaping, energy efficient hardware, flooring, patio / deck, home office, roof, attic, smart homes, and basement!

If you’re thinking of selling your home or simply looking to add value, there are a number of renovations you can make that will instantly increase the value of your property. Here are the top twelve renovations that will provide the biggest return on your investment.

1 – Kitchen Renovations

The kitchen is often referred to as the heart of the home, and it is one of the most important rooms in a house. A kitchen renovation can instantly add value to your property, as it is often the center of household activities, and one of the most important rooms in the house, and make it more appealing to potential buyers. Upgrading cabinets, countertops, flooring, lighting, and appliances can modernize the look of your kitchen and make it more functional. However, it’s important to keep the renovation in line with the rest of your home and not go over the top with high-end finishes. A kitchen renovation can cost anywhere from $10,000 to $300,000 or more, but it’s an investment that will pay off when you sell your home.

2 – Bathroom Renovations

Bathrooms can also make a big impact when it comes to adding value to your home. Upgrading to modern fixtures, such as a new toilet, shower, or bathtub, and installing new tile or flooring can give your bathroom a fresh, updated look. Adding storage and counter space can also make the bathroom more functional and appealing to potential buyers. Bathroom renovations can cost anywhere from $5,000 to $100,000 or more, but it’s an investment that will pay off when you sell your home.

3 – Painting and Updating Finishes

A fresh coat of paint and updated fixtures can quickly modernize the look of your home, and make it more appealing to potential buyers. Updating light fixtures, door handles, and cabinet hardware can also add a touch of sophistication to your home. This is a relatively low-cost renovation that can make a big impact.

4 – Landscaping

Improving the exterior of your home by adding greenery, new plants, and a well-maintained lawn can instantly increase its curb appeal and value. Adding water fountains in your gardens can also make your home more appealing to potential buyers. Landscaping can cost anywhere from a few hundred dollars to several thousand dollars, depending on the extent of the work.

5 – Energy Efficient Improvements

Updating the insulation, windows, and HVAC system can not only make your home more comfortable, but also make it more energy efficient, making it more valuable in the eyes of potential buyers. Energy-efficient upgrades can include installing a programmable thermostat, adding insulation, and replacing old windows with double-paned models. Regional governments (link to BC Govenment here, and BC Hydro here) may have some kind of incentive programs for you to take advantage of. These upgrades can cost anywhere from a few hundred dollars to several thousand dollars, depending on the extent of the work.

6 – Flooring

Installing new flooring can instantly make your home look more modern and well-maintained. Hardwood, tile, and luxury vinyl are popular choices that can add value to your home. This renovation can cost anywhere from a few thousand dollars to several thousand dollars, depending on the type and amount of flooring you choose.

7 – Adding a Deck or Patio

Adding an outdoor entertaining area can add value to your home and increase its appeal to potential buyers. Decks and patios provide a place for outdoor gatherings and could potentially be used year-round. This renovation can cost anywhere from a few thousand dollars to several thousand dollars, depending on the size and materials used.

8 – Adding a Home Office

With more people working from home, adding a dedicated home office can increase the value of your home. A well-designed home office can provide a comfortable and functional space for work and can also be used as a guest room when needed. This renovation can cost anywhere from a few thousand dollars to several thousand dollars, depending on the size and finishes you choose.

9 – Roof Replacement

An outdated or damaged roof can significantly decrease the value of your home, and make it less appealing, and make it potentially discouraging to potential buyers. On the other hand, upgrading to a new, top-notch roof can instantly boost your home’s value, and shield it from any future damage. The cost of this renovation may vary from a few thousand to several thousand dollars, depending on factors such as the size and type of roof you opt for.

10 – Attic Conversion

Transforming an underutilized attic into a functional living area can add significant value to your home by providing additional square footage. Renovated attic could be used as storage or bedroom depending on the design. This renovation typically entails the installation of windows, insulation, closets, flooring, as well as electrical and plumbing systems. The cost of an attic conversion can range from several thousand to tens of thousands of dollars, depending on the scope of the project.

11 – Smart Home Technology

Enhancing your home with smart technology can increase its appeal to tech-savvy buyers, and help increase its value. With smart home technology, you have the ability to manage various elements of your home, including lighting, temperature, and security, using just your smartphone or tablet. Smart thermostats (link to BC Hydro’s rebates for energy-efficient products here) can help you reduce energy expenses by allowing you to control the temperature of your home remotely, particularly during peak heating and cooling seasons. This can be especially useful during the summer and winter months when energy costs can be high. The cost of installing smart home technology can vary from a few hundred to several thousand dollars, based on the complexity of the work.

12 – Basement Finishing

If you have an unfinished basement, finishing it can add valuable living space to your home and increase its value. While an unfinished basement may serve as a storage area or laundry room, with a bit of creativity and renovation, it can be transformed into a comfortable and functional living space. Basement renovation may involve the installation of flooring, lighting, electrical, insulation, and plumbing systems, as well as the addition of a bathroom or kitchenette. With these upgrades, a basement can be an ideal location for a guest suite or home office or could be rented out as a mortgage helper. The cost of finishing a basement can range from several thousand to tens of thousands of dollars, depending on the scope of the project.

Conclusion

Renovation is a proven way to increase the value of your home. Incorporating the above tips into your home renovations can add value, and make it more appealing to potential buyers. Whether you’re looking to sell your home or simply add value, these renovations are a great way to invest in your property. It’s important to keep the renovations in line with the rest of your home, your budget, and not over-improve the property. After all, your goal is to achieve a good return on your investment.

If your intent is to sell your home, we advise that you please contact your real estate agent before starting any renovations, as you may not need any kind of renovations in a hot market, where buyers will be willing to pay top dollar as is, sometimes with out inspection. This could be a different story in a slow market.

However, if your intent is to enjoy your home, consult with a few contractors, and get quotes to determine if it is within your budget to do renovations at this time.

We, at KH Cabinets, are not realtors, but we can help you plan your renovations, and achieve your goals of increasing the value of your home.

Please contact us, for a free, no obligation quote. Click this link: Click here