Are you thinking of renovating your home in North Vancouver? If so, you’re not alone. Home renovation remains one of the most common and popular ways for owners to increase the value of their homes. However, there are many different ways to renovate a home, and it can be challenging to know which renovations will give you the return on investment that you’re looking for. That said, a number of renovations have been shown repeatedly in research to add value to homes. The trick is knowing which renovations those are and why they do so. With that knowledge, you can make an informed decision about which renovations are worth it for your particular home.
Exterior Renovations
If you’re looking for an easy and relatively cheap way to add value to your home, exterior renovations are a great place to start. For example, adding a deck or patio can be a great way to increase the amount of space in your home, and can also give you a nice place to relax with family and friends. This can be a great option for homeowners who are raising kids and want to create an outdoor play area for them but don’t have a lot of space for a large backyard. Aesthetic improvements like adding a new paint job and landscaping can also be a good way to increase your home’s curb appeal. This can prevent your home from looking dated and may help you sell your home faster thanks to increased interest and demand.
Add an Extension or Renovate the Kitchen
One of the most effective renovations you can do to increase the value of your home in North Vancouver is to add an extension. This is a major and costly renovation, but it can be one of the best home renovations for increasing the value of your home. A kitchen renovation is another renovation that is likely to add considerable value to your home. While these renovations may cost you more in the short term, the return on investment is considerable. A kitchen renovation, when done correctly and to code, can add anywhere from 25% to 40% to the value of your home. This is one of the highest value additions you can make to your home in North Vancouver.
Repair and improve your home’s foundation
A home’s foundation is often something that homeowners overlook, but fixing any issues with your house’s foundation can be a great way to increase the value of your home in North Vancouver. A house with a crumbling foundation often comes with a lower price tag, even if the rest of the home is in good condition, so fixing a foundation issue is a great way to increase the value of your home. This can be costly, but most homeowners insurance policies will cover the majority of the cost.
Add a fresh coat of paint
Paint is a quick and low-cost way to give your home a fresh and new look that can increase the value of your home in North Vancouver. A fresh coat of paint can be used on almost any area of your home from the exterior to the interior. Not only does it instantly improve the look of your home in North Vancouver, but it can also increase the resale value of your house. Based on research, a fresh coat of paint is most likely to increase the value of a home by about 10%.
Install new windows and Doors
Replacing your windows and doors is one of the most effective renovations you can do to increase the value of your home in North Vancouver. This is another costly renovation, however, so it’s important to weigh the value of the renovation against its cost. The price of a brand new set of windows depends on the size and style of the windows you choose. Apart from improving the look of your home, replacing your windows and doors is also a good way to increase the energy efficiency of your home. This can help lower your monthly energy bills, as well as increase the value of your home because it will be more appealing to potential buyers.
Have your light fixtures updated
Adding a fresh new look to your home in North Vancouver doesn’t have to be expensive, and you can do so with a quick renovation to your light fixtures. A fresh new look can instantly update the feel of your North Vancouver home and make it feel more modern and fresh. This is an easy renovation to do, and it doesn’t require a huge investment. There are many different styles of light fixtures to choose from at a wide range of price points. This is also a quick and easy renovation to do, meaning you can have it completed and out of the way in no time.
Bottom line
Home renovation is a great way to add value to your home, but it’s important to know which renovations are likely to add the most value. By focusing on exterior renovations, major renovations to the kitchen and foundation, and renovations to the light fixtures, you can increase the value of your home in North Vancouver with minimum hassle.
