When you invest in your home, you want to ensure the investment will grow over the years. As homes age, they also deteriorate and need frequent maintenance and upkeep. If you don’t take care of your home, those undesired home expenses can affect your household budget. Tackling home improvement projects will reduce maintenance and upkeep costs by giving your home a fresh new look. Plus, the right renovation project will boost your home’s value should you be looking to sell. If you are renovating your home with a return on investment in mind, here are some ideas to steer you in the right direction.
Your Kitchen
As one of the most frequently used rooms in your home, you will want to invest in a proper kitchen renovation. It is definitely worth spending money here. Update dated counters and cabinets with more durable, longer-lasting, products. Replace lighting fixtures and appliances with greener, energy-efficient choices. Not only will you beautify the space, but those upgrades can help save on energy bills, food waste, water usage, etc.
The Bathroom
Another important space to consider renovating is the bathroom. Upgrading plumbing fixtures, showers, toilets, sinks and baths can save you tons of money long term. You can prevent leaks and other issues caused by aging plumbing and save on water bills with the latest energy-efficient fixtures available.
Add an Extension
You can also renovate your home by expanding its space! If you have the land or budget to build an addition to your home, it will raise the value of your home and give you more living space. These additions can be as small as adding a room above your garage, a new bathroom, or widening your living room. Or, they can go larger such as adding a second floor to your bungalow!
Improve your HVAC
Your home’s HVAC system is central to the functioning of your house. It controls the heating, cooling, ventilation and air quality. As HVAC systems age, they become less efficient and risk more serious issues down the line. Replacing your furnace and air conditioner unit will save on electricity and gas bills, give your home the ventilation it needs, and prevent issues such as a broken furnace, a/c or even a carbon monoxide leak.
Landscaping
You can also renovate the exterior of your home too! You can increase value and curb appeal with landscaping upgrades to your property. Add a patio or deck in your backyard, plant new trees and add a garden. Redo your driveway. All of these options will increase the overall appearance of your house, and its value, and can give you a new outdoor space to enjoy!
ROI, or return on investment, is important to consider when renovating your home. You want to make sure the renovation will pay off for you long term. Repainting your walls may improve your vision of the space, but it will not add any upgrades or ROI. If you want to upgrade your home so that you can increase its value or save money down the road, tackling a professional renovation is a great step to take. When considering home improvement projects, jot down the pros and cons of each idea, and its potential ROI, and that will help you see which project is worth investing in at the moment.
Choosing the right contractor will ensure your project meets the scope, investment, and final product you desire. Marvellous Contracting Inc is a Baeumler Approved top-rated contractor in Hamilton ready to take your dream project and make it real. Contact us today for a no-obligation quote.
