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Home Renovation Projects That Increase Home Value

January 6, 2022 / WND Contracting

Are you a homeowner looking to make the most of your investment?

As the coronavirus pandemic drags on, we are seeing a huge rise in home renovation activity. The housing inventory is low, home valuations increasing daily while most people are staying put. Less people travel and spending more time at home, making it the ideal time to invest in the comfort and value of your house.

Here is a list of upgrades that increase home value and comfort:

1. Finish your basement

By finishing your basement, you are adding square footage of living space to your home. Adding additional space to your home is one of the biggest factors in increasing the value of your home and the number one reason why people move – they need more room.

2. Open up the floor plan

Knocking out the right wall creates that spacious layout that home buyers desire. Home buyers tend to favor designs that are either completely open or partially open around the living room, dining room, and kitchen. Along with better function, the open concept allows for more natural light and inviting layout.

3. Upgrades to enhance your home’s curb appeal and exterior

Upgrades that enhance your home’s curb appeal and exterior start with neat and simple landscape. Level up with brand new/energy efficient front door. It’s one of the first impressions will make on potential buyers. Buyers will appreciate the aesthetics, energy efficiency and cold-blocking powers.

Replace your garage doors to make a serious impact on your home exterior. Touch up your exterior paint as needed to make it look new again. Touch up any flaking or chips, or pressure wash the exterior to remove dirt and mold.

4. Install hardwood floors or refinish your existing ones

Buyers are looking for modern design choices and easier maintenance. If you have pets or your carpet has seen better days, a few thousand dollars to replace it is money well spent.

5. Upgrade your HVAC system

Buyers often ask when the HVAC was installed or replaced. High efficiency HVAC system will lower your utility bills and enhance the value of your home.

6. Swap out your fixtures in the kitchen and bathrooms

New drawer knobs and faucets in a matching style give a room a cohesive, modern look, and this small, inexpensive upgrade alone can have a big impact on buyers.

If you are looking to enhance the comfort or improve the function of your home OR if you are thinking of selling your home in the near future, consider some of the projects above. WND Contracting specializes in home renovation projects. We service the areas of Burlington, Oakville, Milton, Hamilton and Mississauga. Give us a call at 289.828.2101 for your free estimate.

Send us your questions!