Increasing The Value Of Your Home With Smart Renovations

by | Dec 17, 2019 | Restoration Contractors

If you are considering starting home renovations in Kamloops, you may wonder if you are throwing your money away. Will the money spent on renovations increase the value of the home enough to make the remodel a sound investment? While some home remodels are valuable enough to the homeowner in added function to be worth the money, if you are considering selling your home in the future you may want to consider sticking to projects that give you the most bang for your buck.

One of the best investments for home renovations in Kamloops is a kitchen remodel. Kitchens tend to be big selling features. A remodeled kitchen can add a lot of value to a home. While your return on investment will rarely be a full 100 percent on any project, you can expect to recoup about 80 to 90 percent of the costs of your kitchen remodel in home value. This is much greater than most other home renovation projects. If you are planning on selling your home soon, make sure not to make your kitchen remodel too taste specific so that it will appeal to the largest percentage of home buyers.

Another project that will give you a large return on your investment is a bathroom remodel. This is particularly true if you create an additional bathroom in your home. One of the key features used to create a home value is the number of bedrooms and bathrooms in the home. You can instantly add value by taking a closet, laundry, or storage room and making it a bathroom. Consider adding an en suite to the master bedroom for additional value.

Another smart way to increase the return on your investment of your home remodel is by increasing the square footage of your home. This can be done by choosing home renovations in Kamloops such as additions or attic remodels. Once again you are adding rooms to be included in the value of your home. With additions, you are also increasing the other main factor in home values: the square footage of the home. The return on investment for home additions tends to run around 80 percent. This is still significant considering other renovations such as home offices only give you about a 54 percent return.

Finally, it is important to remember that no matter what home renovations in Kamloops you choose, you need to make sure that the workmanship and finishes are quality. You will get very little return on work that is sloppy or unfinished. Search for professionals who have experience in home remodels to make sure that the finished product is finished well and will give you a great return on your investment.

Home renovations Kamloops Searching for professional home renovations services, get in touch with Thompson Valley Restoration DKI Ltd. They offer quality home improvements & renovations services in Kamloops.

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