What to Renovate
When you're ready to nail down your plans (so to speak), here are suggestions from industry experts:
Add usability with dual sinks and cooking stations. Add aesthetics with commercial-quailty and stainless steel appliances, stone or stainless steel countertops and ceramic tile back splashes. Add space with a breakfast nook or walk-in pantry. Add livability with a computer desk, mudroom or hobby area.
Add light with skylights and glass blocks without losing privacy. Add space with a walk-in dual shower, vaulted ceiling, recessed medicine cabinet or curved shower curtain rod. Add functionality with twin sinks or vanities. Add aesthetics with ceramic tile or stone flooring, stone countertops and heated towel bars and floors.
Renovating the exterior is as much about maintenance as it is about curb appeal. Vinyl siding looks fresh and tidy year after year with minimal upkeep. With stucco siding, a new polymer covering can be sprayed or troweled onto a fiberglass mesh base.
New windows will help you realize additional savings in monthly utility bills. Prospective buyers view windows as they do other structural items, so failing to update old ones can result in lower - or no - resale offers. Newer styles include seamless bent-glass corner windows, curved class and casements with no centre stile.
In addition to making it more livable, remodelling can also make your home more valuable. According to the Appraisal Institute of Canada, your renovation investment dollars pay back at different rates when you sell your home, depending on the type of project you choose. Using these sample job costs, here is the estimated return on various remodelling projects:
Minor Kitchen Renovation
Major Kitchen Renovation
Heating System Replacement