Are you considering a home renovation in the near future? Home improvement projects can make your home more livable and suitable to your individual style and even boost resale value, in the right circumstances. In order to make the most of your home renovation in the Greater Vancouver area, it is important to make sure you are focusing on the right renovation projects. Not all home improvement projects will result in boosting your home’s value. In fact, you might even be surprised to find that some home improvement projects could result in lowering the value of your home. Read on to discover the best rooms in your home to renovate for boosting resale value.
If there is one room in your home on which you should focus when considering a renovation for resale value, it is the kitchen. It is often said that the kitchen is the heart of the home. It is certainly true that in most homes, the kitchen is the most often used room. As a result, remodeling your kitchen can yield the best return on your investment. Key areas on which to focus for your remodel include updating countertops and upgrading appliances. Other great ways to freshen up your kitchen are to install a new backsplash, update light fixtures, and put in new flooring.
Even a minor bathroom remodel can provide a considerable return on your investment. Have a half-bath in your home? Consider converting it into a full bath by adding a shower. This can make your home much more marketable while boosting your home’s resale value. The key to making the most of this remodel is to make sure that you do not overdo it. Going too expensive on your remodel can actually have the opposite effect.
While the closets in your home are not technically a room, at least not in most cases, renovating your closets can provide an excellent boost for your resale value. Small, cramped closets can kill a potential sale and result in a lower sales price. Expanding the size of your closets and installing organizers can make your home more appealing and help you make the most of a resale when the time comes to put your home on the market.
Understanding where in your home to invest your renovation dollars can help you get the most from your investment.