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What home improvements add value to your home?
When looking at improving your home and investing in renovations, it is always good to keep in mind what your return on investment (ROI) will be.
This is especially important if you are considering selling your home in the near future.
Some of the more popular home improvements that you may consider are:
- Remodelling your kitchen
- Adding a bathroom
- Adding a deck
- Renovating the attic or basement
- Painting rooms a neutral colour
You may also want to consider some “green” renovation options, which may include:
- Upgrading to more energy efficient windows
- Improving or adding insulation
- Adding solar panels
There are some other remodelling options that, while they may be desirable to you, do not actually carry very good ROI:
- Luxury home office
- High-end chef’s kitchen
- Adding a sunroom
- Deluxe/luxury bathroom upgrade
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Of all of the options that you have for home improvements, the ones that, if done wisely, have the highest ROI are a kitchen remodel and a bathroom addition.
The kitchen remodel has a potential ROI of 60-120 per cent, and a bathroom addition can bring an expected ROI of between 80-130 per cent.
While considering selling your home you also mustn’t neglect your basic updates which include cleaning, repairing, and painting.
These basic projects are important in making your home more attractive and appealing to potential buyers.
Tips for inexpensive home improvements
You bought a new home or maybe you’re just ready for some change; either way, you cannot wait to start renovating. Before you do, there are a few things you should know: There are ways to make your home seem newer, bigger and more open without breaking the budget.
A carpenter, says there are simple upgrades you can do.
If you feel like your bathroom or bedroom is too small, there are things you can do before you start knocking down walls.
Lighter coloured floors can make the room seem bigger, dark colours make a room feel smaller.
Another thing you can do is raise the height of your blinds.
Believe it or not, taking blinds from just over the windows to right up to the ceiling, will actually make the room feel a lot taller.
Bathrooms are the number one home renovations that homeowners want, particularly their bathroom wall tiling.
