It is sad but true, that not every home renovation offers a great return on its investment. Some of the home renovations that you make around your house wind up costing hundreds, if not thousands of dollars, more than they are actually worth. If you are not planning on staying in your home for the rest of your life, you may want to consider home improvement options that are going to provide the best return investment. The home renovation industry has absolutely exploded thanks to some media outlets that glamorize home improvement, leading many to spend more than they should on upgrades. But the truth is, you can make upgrades to your home without breaking the bank, and that are going to pay off in the long run. Keep reading for a list of home renovation ideas that are going to pay themselves off, especially if you plan on packing up and moving out.
Begin transforming your own home into the vision of your dreams by speaking with our renovation contractors in Winnipeg. Our team provides a holistic approach to home renovation, offering a project manager, interior designer, and specialized contractors that are dedicated to transforming your home. Give us a call today to learn more.
Garage Door Replacement
A good-looking garage door is high on the list when it comes to getting cash back on your investment. This probably doesn’t sound as exciting as you think it would, but garage doors can have a huge impact on the functionality of your home, as well as the beauty of your home. Faulty garage doors can cause flooding, threaten your home’s energy efficiency, and provide easier access inside for burglars. Replace your old and creaky garage door with a new four-section garage door, equipped with heavy-duty galvanized steel tracks. You could be looking at an ROI of 94-97%.
Minor Kitchen Remodel
If you plan on living in your home for decades to come, going all-in on your dream kitchen makes sense. If you know that your home is not a forever home, however, cosmetic makeovers will deliver a much bigger return. Improve the look and usability of your home by replacing old fixtures and appliances, which also increase energy efficiency. If you want to upgrade the look and feel of your kitchen even further, then opt for custom kitchen cabinets. Gateway has been well-known for the manufacturing of beautiful cabinets that are functional, beautiful, and unique in design to any space they are in. You should expect a high ROI, around 80%.
Upgrade Your Landscaping
The level of curb appeal of your home depends as much on the structure of your home as it does the surrounding landscaping. While you may not think it is as important as the interior of your home curb appeal helps sell homes, and a fresh look to the surrounding foliage, lawn, or garden, could be exactly what your home needs to be more attractive to potential buyers. there is not much need to go overboard, as the best Landscaping designs are often the simplest. Be sure to keep the lines looking trimmed and clean, suggesting that not a lot of work needs to be done. The return on investment could be up to 100%.
Repair Or Replace Your Roof
Do not brush off roof maintenance simply because it isn’t as glamorous as other aspects of your home remodel. Your roof serves an essential function to the safety and security of your home, and keeping sound integrity will absolutely contribute towards the luck of the sale of your home. Roof repair should be happening while you still live in your home, but if you are planning on selling it, then it is imperative that you have a professional come and inspect the roof, giving you an itemized list of any necessary roof repairs that you can complete before you list your home. If anything, you can hand the list off to the buyer. If you do choose to perform any roof repair then you can expect around 68% return on investment.
Major Or Minor Bathroom Remodel
It is your choice of how much to invest in your bathroom remodel, It is one of the things that help to stop. The greatest home improvement ROI coincides with remodeling the bathrooms. It is your choice of whether or not you want this bathroom remodel to be major or minor, but giving it an updated look well not only improves your time spent in your home, but will surely attract potential buyers. Replace old shower heads with a rain shower, replace the vanity no one wants to feel like they are using someone else’s old bathroom, and update the lighting fixtures to make things much brighter. A minor bathroom remodel could give you over a hundred percent on your return on investment, while a more major bathroom remodel, which includes updating the floor plan and plumbing could give you a 93% ROI.
Not all homes are guaranteed the luxury of having a basement, but they have some kind of underground living quarters. upgrading your basement increases the usability of the living sea and also transforms itself into its own selling point. The average return on investment for a basement remodel is around 90%.
Began your home remodel with Gateway Kitchen and Bath. We are Winnipeg’s premier home remodeling contractors, and we consider it a privilege to work alongside our clients. To learn more, contact our team today.