All You need to know About Renovations and Return on Investment
At Sunset Homes, working in our custom home building and major renovations projects, our homeowners frequently inquire about the best way to have a return on investment after selling their homes. The answer to this, of course, depends on the kind of renovation they have in mind. Many homeowners think that renovations do not add value to our home and many people think all renovations can provide a return on investment. If you are planning to sell your home soon, and your primary goal is to enhance your home value, check out these renovations that will help you have a return on investment.
If You think about Home Renovation, Space is King
The primary thing families are always missing is space. Adding square footage to your home and adding more living space to your home will improve the chances for resale and also your home value. Think about outdoor family activities, adding a deck might be an excellent way to improve living spaces and appeal to your buyers seeking to spend more quality time with their families. Depending on the materials you choose for your deck you can have even a return on investment of 80%.
Choose Modern Additions and Renovations
Landscaping is an improvement that you can do to your home and still have a high return on investment. Even if your home is not a new build, potential buyers are still interested in an aesthetically appealing home, and an excellent way to catch people's eyes is by having fresh landscaping done at your home.
Custom Kitchens and Bathrooms are In
Among any possibility for renovation, customizing your kitchen and master bathroom to create modern luxurious and spacious rooms have become everyone's favourite renovation. As the kitchen has become into more than just the place for cooking, and homeowners seek to share more time and be able to do more activities there, a kitchen remodel catches the buyer's eyes and also has a very high return on investment. Consider adding fuel ovens, energy efficient appliances, and great countertops. On the other hand, bathrooms are highly transited and to make them as appealing as possible to your future buyers, think about upgrading to under-mount sinks, wall-mounted lighting, and granite or marble countertops. Do you want to learn more about renovations? Check out the 3 Main Reasons Homeowners decide to do Major Renovations.
Are you ready for a major renovation? Contact Sunset Homes today; we are proud to be Calgary's bespoke home builder. We will gladly prepare a free quote and give you more information about our custom luxury homes and major renovations.
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Too Long Didn’t Read (TLDR)
If you are preparing to resell, renovating your kitchen, bathroom and adding more living space to your home will add more value to your home and lead to a higher return on investment.