When planning home renovations, Calgary homeowners have two main strategies: customize to your heart’s delight, or design with the resale value in mind. Some renovations are well worth their money, with a really high return on investment. If you want to increase resale value, these are the five best home renovations Calgary homeowners should consider:
We focus a lot of furniture and finishes, but flooring is often the first thing you notice when you walk into a room. Your property value increases the instant you invest in hardwood flooring. If you’re not a fan of traditional white oak, we can install hardwood flooring to suit any taste. From eco-friendly bamboo to maple flooring with distinct grain lines, you can make a statement with hardwood flooring. If you live in an older home with hardwood that has been covered with carpet, we can restore the original flooring to its original lustre. Take care of your floors and they’ll more than pay for themselves when you decide to sell.
Upgrade Your Fixtures
When it comes to home renovations, Calgary homeowners often think they need to completely gut a room for the job to be effective. On the contrary, often it’s as simple as replacing outdated handles and knobs, refacing cabinets with more modern doors, and giving countertops and faucets a facelift. As long as the “bones” of your home are in good shape, these little upgrades can add a lot of value to your home with relatively little expenditure.
Entire home sales can be derailed by the lack of an additional bathroom. If your home has only one bathroom, adding a second bathroom on the main floor can cause your home value to rise dramatically. This is especially important if it helps you stand apart from competing homes on the market. The Tri-Link team can help you identify unused spaces in your home which can be turned into a main floor powder room or three-piece, like under a staircase or at the end of an under-trafficked hallway.
Your kitchen plays a large role in determining the value of your home. If your kitchen is stuck in a different decade, it’s time to upgrade to impress potential buyers. Freshen up the space with new countertops, energy-efficient appliances, and attractive lighting options. To save a bit on cost, consider refacing your existing cabinets.
If you have the space to make it happen, there is nothing better you can do to increase the value of your home than to install an income suite. For one, a basement or attached income suite provides you with monthly income that can be used to pay off the renovation or contribute to the mortgage. It also dramatically increases the value of your home and makes it very attractive to desirable buyers should you decide to sell.
Contact Tri-Link Builders today to get started on a home renovation project that will increase the value of your home.