As a home owner, in case your kitchen seems out of date or even if your bathroom still has old tiles you will agree and support the fact that : at one point or another you must have dreamed of carrying out renovations so as to make your home more comfortable.
Whatever the case, it is very important to understand the fact that: prior to calling in a contractor, it is imperative for you to ascertain the fact that your planned improvements are able to add on to the current value of your home (or the property in question). In a bid to help you make the right renovations to your home during your next home improvement, below is an overview of 5 top home improvement ideas which according to appraisers have the capacity to significantly increase your home’s value greatly.
5 Top Home Improvements That Will Significantly Increase Your Home’s Value
1. updating Your Kitchen
According to the director of professional practice at the Appraisal institute of Canada, implementing modern kitchen renovations has been found to give a good bang for bucks. Just so you are aware, home buyers have been found to have a tendency of focusing much on the state of the kitchen. More specifically, many buyers have been noted to be interested in properties which are fitted with modern kitchens characteristic of more functionality and space.
This should come as very good news especially if you have an out dated kitchen and have been itching to update your cupboards or appliances. In addition to all of the above, it is very important to make sure that you refrain from spending way much more that you should for the renovations to your home. As strange as it may sound, in some instances, very small changes such as changing the knobs and handles or even resurfacing cabinets or replacing countertops is enough to make a huge difference and transform and entire space.
2. Changing up Your Bathroom
In the event that you are stuck living with the interior décor choices of past generations, there is some good news. First off, it is very important to understand the fact that: at the moment Bathrooms have become spas (at least according the new generation of home owners). Simply put, people have become more interested in bathrooms which make them feel more relaxed. What this means is that; you can easily get those double sinks or even the claw-foot tubs installed in your home and still get to recoup a significant portion of the money spent finally when you sell the house / property.
3. Painting Your Walls
the new generation of home buyers have a thing for neutral colors. Good news is, painting is such an inexpensive and easy way to refresh the home. This above statement is supported by Roy Patenaude’s declaration supporting the fact that any fresh paint in the right colors can easily give a room a completely different look.
Simply put, painting is by far one of the cheapest ways to refresh the interior look of your home. As a matter of fact, according to reports, painting has the potential of increasing the value of your home by 50% – 100% the overall cost of paint used.
4. Painting Your Home’s Exterior
In case you were not aware, any little exterior paint work on your home’s exterior can easily change the exterior look and feel of your home. According to Roy Patenaude, by simply choosing the right color, expect to make the space being painted to look bigger once the paint job is complete. Keep in mind while you can always paint the exterior of your home by yourself, choosing to pay college kids or local companies has been found to be much more cost effective.
5. Updating the Important Things
When it comes to renovations, a new roof or furnace is never as exciting as renovating a kitchen, interesting thing is, you will truly come to appreciate your investment when you are your investment after enjoying warmth in winter and staying dry through the rainy season. You will be glad to learn that for these renovations, you can sometimes get government rebates which are meant to help you pay for them. What’s more, the benefits of such renovations are usually guaranteed for periods of 10 years to as much as 25 years. It is precisely because of this that Roy patenaude suggests that in the event you are looking forward to selling your home in the next 5 to 10 years then you should focus on big ticket items in the course of your home improvement bearing in mind the fact that they would greatly benefit you from a sales perspective.
Everything taken into consideration, in order to make the most of your renovations, it is strongly advised that you work with an appraiser in order to properly ascertain how much you would need to spend to realize your home improvement needs.