kitchen renovations Calgary Archives | Mastered Home Renovations

House renovation are undoubtedly an exciting time in any homeowner’s life. You have the opportunity to see your home transform before your very eyes, becoming a space that is both more functional and beautiful.

However, it’s difficult to hide the fact that home renovation projects can cost a fair bit of money. So is there a way to make some money back in the process?

Let’s explore some of the best upgrades you can make to your home that will increase its value, both for you and for prospective buyers.

3 Upgrades That Increase Home Value

Bathroom Remodel

Bathrooms are one of the most utilized rooms in the home, but are often one of the last to be touched when it comes to home renovations– and it shows! Outdated bathrooms can add a dingy, out-of-style feel and often show the true age of the home. Both homeowners and buyers alike are less than inspired by such a room.

Fortunately, according to the Appraisal Institute of Canada, you can see a return on investment of up to 75% when you remodel your bathroom. By simply replacing your vanity and modernizing the fixtures, features, and colours, you can completely transform the space and your home’s value.

Additionally, consider adding a second bathroom to your home if you currently only have the one. Prospective buyers will find great value in this second bathroom, even if it’s simply a powder room, as it eliminates logistical issues when it comes to family living.

Basement Renovations

While basement developments aren’t an easy project to take on, they’re more than worth it. From a convenience perspective, you are adding liveable space to your home and utilizing an area that was likely just used for storage. From a financial standpoint, meanwhile, you can see a return on investment of roughly 50%.

As a note, the square footage of a basement is generally valued at half of what the main floor’s square footage is. Therefore, unless you intend to live in your home for a while, it’s recommended you don’t invest more than 10% of your home’s value into a basement development.

Kitchen Renovation

The kitchen is the heart of the home, and also one of the focus pieces when it comes to home buying. Therefore, having a modern and up-to-date kitchen can go a long way in catching the eye of potential buyers and increasing the value of your home.

The size and scale of your kitchen renovation will influence the return on your investment. It may surprise you, but more simple renovations, such as updating features, fixtures, and appliances, can actually offer a higher return on investment of up to 80%. More complex renovations that involve changing the floor plan and moving electrical and plumbing will naturally cost more but don’t tend to offer the same rate of return, falling closer to 50-60%.

That said, your kitchen is one of the defining spaces in your home, so whether you intend to renovate for yourself or others, the investment is more than worth it.

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Home improvements Throughout the Year

Winter

Winter isn’t known for being a bustling time for home improvement. However, homeowners may want to use this to their advantage.

Contractors still need to work during the winter months, so they may be more willing to give you a deal in order to lock down your business. Naturally, you’d be sticking to indoor projects during this time, but you could always reach out and start drawing up plans for future construction as well.

Additionally, if you’re looking to renovate your kitchen or laundry room, this may be the perfect time to begin your appliance shopping. Stores will often give discounts on last-season models as they try to make room for next year’s products.

Spring

Provided Canadian springs cooperate, this is a great time to start on outdoor improvements. Deckbuilding is especially popular during this time, as it will be finished when summer rolls around, and you’ll actually get the chance to enjoy your new build.

Summer

Home renovations during the summer are typically in preparation for future months. Projects like reshingling, installing new windows, and redoing attic insulation are perfect for this time, as they prepare your home for colder months.

Starting in the summer, as opposed to the fall, can be important for these types of projects as well, as it allows for buffer room. Construction projects can run late, and no one wants boarded-up windows when cold weather rolls around.

Fall

It’s time to return to indoor projects. As mentioned above, timelines can run long, and you don’t want to leave an outdoor task unfinished if the snow comes earlier than you’d like (and let’s face it, it’s Canada, so it could).

That said, September and October aren’t complete write-offs. If you’re doing a larger demo, it’ll still be easy enough to take old structures out of the home and bring new materials inside. Meanwhile, everything will still be protected during the chillier nights.

Ultimately, there isn’t a right or wrong time of the year for home improvement. Rather, determine your timeline and what projects you hope to accomplish, and see how the time of year can improve your experience.