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How will renovations affect my property’s value?

How will renovations affect my property’s value?

Vancouver Renovation Blog

bathroom reno | kitchen reno | renovations

Renovations increase your property’s value as long as they are the right kind.

Not all renovations are equal in the eyes of prospective buyers. That’s because some types of renovations have more of a subjective quality to them. For instance, not everyone wants a swimming pool if they have no interest in swimming. Nor do they want a home theatre if they don’t watch a lot of tv or movies. Renos like these take up valuable space and will cost a future owner extra to remove if they don’t want it.

Renovations that improve property values

  • Kitchen reno: Remodel to improve workflow areas and storage
  • Bathroom reno: Update plumbing, fixtures and layout
  • Decks: A deck allows people to take advantage of their yards and enjoy being outdoors 
  • Windows: New windows can improve energy efficiency 
  • More bedrooms: Always a strong selling point
  • Garage: Homes with a garage are more attractive than those without

Functionality is key. Renovations that improve or add functionality will give you a better return on your investment. For example, everyone values a kitchen that utilises great workflow design, state-of-the-art appliances and has ample storage space. Likewise, a remodelled bathroom with updated plumbing and fixtures is something people appreciate and want. 

If you’re looking to renovate with an eye toward boosting your property value, choose functional renovations. Go ahead and get that dream kitchen and that spa-like bathroom you’ve always wanted. Add more bedrooms. Add a garage. Replace old windows with new energy efficient windows and they’ll be a feature when it comes time to sell. 

There are all sorts of ways to improve your property values with large and small renovations. Consult with your local, professional home renovation expert to find out what can work for your home.

Dreamy Renovation & Construction is a locally owned Vancouver contractor. We specialize in renovations for every room in your home, from full house makeovers and condo remodels, to small bathroom updates and kitchen renovations. Give us a call today! 604-906-2090