Ottawa homeowners plan renovations and additions to address their changing lifestyle or family needs. However, improving the resale value of the home should also be a consideration. Here are five home additions and renovation projects that add a lot of value to the home:
According to HGTV, homeowners can expect to recoup between 60 to 120% of the cost of the kitchen renovation when it comes time to sell. The kitchen is the heart of the home, and no one wants to see an outdated kitchen with linoleum countertops, scuffed flooring, and appliances that could break down at any minute. A kitchen remodel can be as simple as replacing hardware, upgrading to energy-efficient appliances, and giving cabinets and walls a fresh coat of paint. Of course, a fully upgraded kitchen renovation from a trusted Ottawa contractor like RenosGroup.ca would wow potential buyers and add a lot of value to your home.
Bathroom Remodel or Addition
Bathroom additions pay back 80% to 130% of their cost when it comes time to sell the home. Nobody wants to walk into a humid and cramped bathroom that hasn’t been upgraded in thirty years. Whether you are updating the family bathroom, creating a stunning master bedroom, or adding a powder room on the main floor, all of these upgrades pay off when it’s time to sell. Home buyers expect to have at least two bathrooms in a home, and a master bathroom is always a desired bonus.
Homeowners can expect to recoup 70 to 80% of the cost of a finished basement renovation. Don’t turn off home buyers with a perfect home that has an unfinished basement. Your basement can house a media room, guest bedroom, kid’s play area, exercise room, laundry room, or even an income suite.
Remember, the value of your property extends beyond the home itself. Upgrade your outdoor space with a deck addition, which returns 65 to 95% on investment. Enjoy some much-needed rest and relaxation with an outdoor kitchen, built-in seating, outdoor dining area, and more. When it’s time to sell, you’ll be glad you made the upgrade.
Full Home Addition
Sometimes, space is the biggest problem of all. The return on investment will vary depending on the size and function of the full home addition. Create a master suite, in-law suite, great room, or transform the layout of your home with the extra space.
For more inspiration, contact Ottawa contractor Renosgroup.ca to find out which home renovation or addition is right for you.