Home renovations are a great way to add value to Comox Valley properties. Or, make the space more inviting. However, not all home renovations are worth your time and money. It is important that you choose the right home renovation projects so that you can get a sufficient return on your investment. Because of such high-interest rates, it is expensive to afford home renovations. Materials and lending rates are through the roof. Thus, forcing homeowners to pick and choose their renovation projects. In this article, we will be going over the top renovations that you should make to your home before the year is over. Follow along below to learn more!
Add Space to Comox Valley Properties.
Since the onslaught of the pandemic, buyers are looking for space now more than ever. This means homeowners need to make their properties feel as spacious as possible. Adding outdoor spaces, workspaces, and recreation spaces to your home is a sure way to add value. Any kind of remodel that increases your square footage or gives the illusion of more space, will be a worthwhile investment.
One of the ways you can achieve this is by creating a home office. If your property doesn’t have a workspace, it is a good idea to add one. Whether you build a detached building on your property or convert a room is up to you. However, there are a lot of folks looking for a home with adequate office space. An in-home office is a great addition that is certain to add value to your property. According to HomeLight, a home office can add over $10,000 in resale value. In fact, if you decide to add a detached office space it can provide about $66,000 in value to your home.
Another way to add value by making space in your home is to finish your basement. If you have an unfinished basement, you’re practically throwing away valuable space. Take charge and make it your winter project. A finished basement can add $50,000 in value to the asking price of your home. You can leave this space blank or turn it into a gym, office, or lounge area.
Next, is opening up the floorplan. If your home is dated and feels cramped because of the walls, consider knocking some of them down. Free-flowing space in the kitchen and living areas is essential to buyers. Open layouts are the key to good workflow.
What About the Outside?
Curb appeal and outdoor spaces are another big draw for buyers. A lackluster exterior will make buyers question how you’ve taken care of the interior. Don’t make this mistake! An attractive landscape will entice buyers from the moment they see the property. And, it will give them the idea that your home is well-taken care of. Performing simple tasks such as weeding, cutting the grass, and replanting dead plants, can make all of the difference.
If you want to take your home’s outdoor areas to the next level, consider hiring a professional. Investing in a rock wall or raised garden beds can help enhance the look and feel of your home. Moreover, adding or re-building a patio in your backyard will provide buyers with more usable outdoor space. This is great for those who want to entertain guests or enjoy the Comox Valley weather.
Another way that you can add curb appeal to Comox Valley properties, is to get new doors and windows. A bright and bold front door can make a big difference in the overall look of your home. And, it can help improve the home’s energy efficiency. The same thing holds true for windows. Brand new windows on your home not only look great but also help to insulate the home.
While we are on the topic of doors and windows, consider replacing your garage door. These large features have a big impact on the look of your property. If your neighbours have newly renovated garage doors, consider jumping on the bandwagon. HomeLight has found that a new garage door will give you a 133% ROI. Upgrading your garage door is a simple way to make Comox Valley properties stand out!
Contact Us About Comox Valley Properties!
Improving the look of your Comox Valley properties will help you add value to the asking price o your home! By choosing your renovations wisely, you can stand to make a great ROI! If you have any questions about renovating a property in Comox Valley, be sure to reach out to us! We are excited to get your fall real estate goals on track. A property in Comox Valley is a great life-long investment. Don’t hesitate to contact us with any concerns or inquiries about real estate in Comox Valley. Be sure to check back next month for more real estate related content! We look forward to working with you in the near future.