Top Home Renos in Vancouver That Will Increase Value
There’s no denying the fact that a home renovation can substantially increase the value of your home. However, poorly thought through makeover projects can cost you a bundle of money without raising the market value of your house. Here are the three top home renos in Vancouver that promise to boost your home’s bottom line.
Return on investment
Experts repeatedly say that you’ll recover many of the costs involved in a renovation through an increase in the overall market value of your home. Forbes magazine, for example, suggests that you keep the following points in mind when you’re thinking about cost-effective renovations.
- Favorite features in your neighborhood– do you see lots of laneway houses in your community? What about dedicated home offices? It’s a smart idea to keep up with what a buyer in your neighborhood will expect to find in a house.
- Necessary repairs– make sure that you complete essential maintenance and upgrades, such as foundational and electrical work, before you put money into another type of renovation.
- Match your community– It’s never a smart decision to do a pricey project that far exceeds similar work in your community. For example, you’ll never get your money back if you spend $100,000 on a kitchen renovation in a neighborhood filled with $35,000 kitchens.
- Embrace the future– homebuyers want to see things like wifi internet access, and eco-friendly appliances in today’s homes. Include technological features that will improve the function of your home.