3 Home Renovations that Increase the Value of Your Home
Home renovations can be a daunting undertaking. Spending money on your home all at once can be intimidating!
What if I told you that remodeling certain rooms in your home would increase the resale value of your home, making the money you spend on your remodel a solid investment in your future?
If this sounds interesting to you, read through our guide to the top three best Ottawa home remodeling investments you can make!
Highest Valued Home Renovations In Ottawa
Magnolia Construction consists of a team of professionals who are dedicated to providing top-quality renovations in the Ottawa-Gatineau region. Our team will help you through every step of your home renovation, from the initial consultation to the moment you get to enjoy your brand-new space. Find out which rooms will have the best return on investment below!
Bathroom remodels are the most popular home renovation performed in Ottawa. The average person spends between $4000 and -$50000 on a high-end remodel. The general recoup of costs for a mid-range renovation is 67.2% with the increased value of your home, and a high-end renovation sees a 60.2% recoup in cost.
There are many things you can do to increase the value of your bathroom remodel, but we recommend starting with the following:
- Vanity Upgrades
- New Plumbing Fixtures
- Upgrade Flooring
- A New Coat Of Paint
- Energy-Efficient Additions
Completing a bathroom renovation will be a great way to increase the value of your home.
Finished basements boast a pretty substantial increase in the resale value of a home. One major reason it increases the resale value of a home so significantly is because it adds a pretty impressive sized livable space to your home!
Another reason basement renovations increase the value of your home is by decreasing your environmental impact. Once you install insulation and drywall, you will notice a significant deduction to your heating bill each month. It provides a better insulated home, making your heating requirements much less. This is extremely appealing for potential homebuyers!
To learn more about how a basement renovation can increase the resale value of your home, contact Magnolia today to get started and make your basement a beautiful new livable space in your home!
Kitchen renovations are very popular since they are a common space in your home, many people will be bound to see the results.
A mid-range kitchen renovation (changing the structure of your kitchen) has an average of a 58.6% return on investment, however if you opt for a minor kitchen renovation (replacing the cabinetry in the kitchen) with mid-range fixtures will see a 77.6% return on investment.
It may seem strange that the more you spend doesn’t equate to a higher ROI, but if you take into consideration you can spend less and see the same desired results for your home’s value it makes sense the return is higher!
Call us today to see all the possibilities your kitchen can hold for you, whether it be a renovation for aesthetic reasons, or for the increased resale value of your home!
Let Magnolia Increase The Value Of Your Home!
Magnolia has a proven history of providing the highest quality renovation and remodeling services in the Ottawa-Gatineau region. We use the highest-end products and work to customize your renovation to your exact specifications, no matter what.
If you want to increase your already beautiful home’s resale value, contact Magnolia today to get started on your renovation journey!