Don't just make it pretty, also add value to your home.
More extravagant choices like a pool may be appealing, but what will help you get your money back when you sell?
The reasons for renovating tend to vary, but families who need to address a long-deferred home maintenance problem tend to take on renovation projects when the economy is improving. And Saskatoon continues to boom. Similarly, families who own an older home or who wish to make substantial home improvements are motivated when property values are increasing. Or it may have been part of your long term plan all along to renovate and have some contractor work done.
Most experts agree that these are the top areas to renovate in your home to get a return on your investment:
#1) Kitchen Remodel, new appliances and a island or peninsula, with a open concept are the trends that most buyers find attractive.
#2) Bathroom, particularly ensuite to the main bedroom have a lot of appeal.
#3) Front door, a recent study by Remodelling Magazine revealed a little-known fact that replacing your front door actually provides the #1 return on investment for your home investment dollar.
Other popular trends in remodelling include energy efficiency projects, new siding, increased storage space (e.g. closets), and room additions.
Kitchens are popular and valuable home remodel trends.
A gorgeous entryway is the home project with the largest return on investment.
Master Baths have a lot of appeal and the feel of luxury.
Examples of remodelling projects that are decreasing in popularity include, home office remodels, and sunrooms.
Let’s face it—home renovation is an investment that requires smart financial planning. To maximize the value of your investment and determine the best home improvement project for you and your family, choose a reputable mortgage lender who offers you a low fixed rate with the smallest amount of closing costs. Make sure you research thoroughly what work you can do on your own and what projects you will need to hire a professional for. Then get multiple quotes from reputable and trusted companies. Keep in mind the lowest bidder may not always be the best deal when you factor in the quality of work and the service provided. Chose a contractor who you are comfortable having in your home and has good references.
Most importantly once you have chosen what area you want to direct your money and time, have fun browsing and choosing your design. If you decide to go with the front door option there are an infinite amount of choice out there, so look until you find what is just right for you.
Happy renovating!