Add value to your home with these ren­o­va­tions

Truro Daily News - - SALTWIRE HOMES -

BY METRO CRE­ATIVE HOMES

Home­own­ers choose renovation projects for a va­ri­ety of rea­sons. Al­though many im­prove­ments are made to in­crease func­tion­al­ity and com­fort of a home, sev­eral oth­ers are seen as worth­while in­vest­ments. These in­vest­ments can add up to a higher re­sale value when the time comes to sell a home.

Cer­tain projects have a his­tory of pro­vid­ing a greater re­turn on home­own­ers’ in­vest­ments than oth­ers. The fol­low­ing renovation tips can add beauty to your home and gen­er­ate great returns when you put the home up for sale.

In­vest in your kitchen. Kitchen re­mod­els are a safe bet when it comes to putting money into im­prov­ing a home. Res­i­dents tend to spend a great deal of time in the kitchen, but a dated, poorly func­tion­ing kitchen can de­tract from the value of a home, even if the rest of the home is in good shape.

It’s pos­si­ble to re­coup be­tween 60 and 120 per cent of your kitchen re­model in­vest­ment, es­pe­cially if the kitchen matches up well with the rest of your home. Home­own­ers should know that a deluxe renovation may not be nec­es­sary, as rel­a­tively mod­er­ate im­prove­ments can cre­ate a whole new look for a kitchen.

Look to paint. One of the least ex­pen­sive im­prove­ment ma­te­ri­als, but one that has a sig­nif­i­cant im­pact, is paint. Neu­tral, mod­ern colours can eas­ily liven up any space. If you paint with low-voc paint, you also can ad­ver­tise an eco- friendly home, which is very de­sir­able these days.

Put in an­other bath­room. Mul­ti­ple bath­rooms are an at­trac­tive sell­ing point, par­tic­u­larly in older homes that may not have been equipped with more than

one bath­room. Find­ing ex­tra space for a bath­room can be tricky, but con­sider clos­ets, ar­eas un­der stairs or even tak­ing some space away from an­other room.

Pop­u­lar home-im­prove­ment tele­vi­sion chan­nel HGTV ad­vises that half-bath­rooms re­quire at least 18 square feet of space, while full baths need 30 to 35 square feet for

a stand-up shower or bath­tub.

Ren­o­vate the HVAC sys­tem. Es­thetic im­prove­ments aren’t the only ones that add

value to a home. Many home buy­ers are ea­ger to pur­chase a home that has a new heat­ing and cool­ing sys­tem, as buy­ers un­der­stand that fur­naces and air con­di­tion­ing units are sub­stan­tial in­vest­ments that can last for years. Other im­prove­ments, such as adding attic in­su­la­tion or re­plac­ing older win­dows and doors with more en­ergy ef­fi­cient op­tions, also are smart bets.

Add il­lu­mi­na­tion to rooms. A dark home is a dreary home. Adding light can mean in­clud­ing more over­head and ac­cent light­ing. Un­der-cab­i­net task light­ing is a nice touch. In­clu­sion of sky­lights and sun tubes can bring nat­u­ral light into rooms that may not have south- or west-fac­ing win­dows.

Put a deck ad­di­tion out

doors. Out­door liv­ing spa­ces have be­come more de­sir­able, es­pe­cially as the stay­ca­tion has grown in pop­u­lar­ity. Decks and pa­tios can make back­yards more ap­peal­ing. The scope of your in­vest­ment will de­pend on the size of the deck and de­sign. Do­ing the work your­self can cut the cost of decks in half, but only if you have the spe­cific tools or ex­pe­ri­ence to tackle such a project.

Im­prove curb ap­peal. Adding at­trac­tive land­scap­ing and fresh­en­ing up the en­try­way to a home can add con­sid­er­able value to your home, as buy­ers judge homes by their ex­te­ri­ors. Com­pletely ren­o­vated in­te­ri­ors may never be seen if buy­ers pass up your home be­cause of a less at­trac­tive ex­te­rior. Classy, sub­tle changes, like well-placed shrub­bery and a green lawn can work won­ders. An invit­ing front door and well-lit en­try­way also add curb ap­peal to a home.

Be­fore mak­ing im­prove­ments, home­own­ers should de­ter­mine if a given project will pro­vide a solid re­turn on their in­vest­ment.

METRO CRE­ATIVE

Find­ing space to in­stall an ex­tra bath­room in a home can be a worth­while in­vest­ment.

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