In today’s market, most homeowners are faced with high property prices and limited choices. This can make it difficult for people to find a home that fits their budget and meets their needs.
This is when buying a home that needs a bit of work is more often than not inevitable. However, with careful research and planning, it is still possible to find a great property that can be transformed into the dream home of one’s choice.
When it comes down to it, any money you saved by buying a fixer-upper can be wisely invested into the overall home improvement of the property, thereby increasing the value of the home, and making it more attractive to potential buyers when you decide to sell it.
While quick fixes can raise its worth, some renovations add more “bang for your buck” to your home than others. Projects such as an updated kitchen, a remodelled bedroom, a new deck, or installing energy-saving windows can give you the returns you’re looking for.
What are some of the most valuable home renovation projects you can do? Keep reading to find out!
Why Should You Invest in Home Renovation?
Before diving into any DIY home improvement plans, let’s first discuss why home renovation is essential.
Create a More Comfortable Space
Aside from enhancing your property value, home remodelling can improve your space’s functionality, making it a more comfortable place to live in. This benefit becomes more prominent when you install upgrades like adding a home office or finishing your basement.
Give Your Home a Style Upgrade
Modernizing your home is enticing to buyers as well. A rustic kitchen or a bathroom with matte black finish and rainwater shower are timeless yet trendy designs you can incorporate into your next DIY home improvement project.
Meet Your Energy-Efficiency Goals
Lastly, remodelling gives you the excellent opportunity to make your home more energy-efficient.
This can save you a lot of money on your utility bills in the long run. Additionally, the Canadian government offers window replacement rebates to aid homeowners with this cost, so don’t be afraid to make your DIY home reno ideas a reality!
Home Renovation Ideas You’ll Love
According to the Appraisal Institute of Canada, the return on investment for home renovations is measured in three ways:
- The value of increasing your property’s selling price.
- The importance of enjoying the renovated space.
- The importance of maintaining your property’s worth.
To that end, the most valuable DIY home renovation ideas refine your house’s aesthetic and enhance its functionality while increasing its overall value.
Some of the top home renovations include:
Home Improvement Idea #1: Energy-Efficient Windows
Damaged or deteriorating windows can really ruin a home’s overall look. Focus on window replacements and get up to 85% of your investment back. Sustainable energy enhancements are what many prospective homebuyers look for nowadays, especially since it’s highly likely that a global recession is coming soon.
So, why not incorporate an upgraded design and complement it with low-energy vinyl window replacements? This home improvement project is the best investment you can make because it ensures your home stays energy-efficient while increasing its resale value.
Home Improvement Idea #2: Kitchen Remodelling
The ROI (return on investment) for upgrading your kitchen is typically 75-100%, making it one of the most valuable investments you can make. A modern-looking and fully functional kitchen can boost home life, which makes this an attractive feature for families with children.
But if you want to maximize your ROI, stick to making minor adjustments. Small and quick fixes, such as adding new countertops, replacing flooring, changing the lights, or installing a kitchen backsplash can increase your home’s resale value immensely without adding too many trendy upgrades that may not age well.
Home Improvement Idea #2: Outdoor Additions
Having a furnished outdoor area to entertain guests, work in, or to use for relaxation is one of the main features of a house that prospective buyers look for. However, the investment returns you’ll get depend on the material you’re working with.
For instance, if your next home improvement idea involves adding a classic wood deck, expect to gain at least 80% of your investment. Installing wooden decks also fall on the inexpensive side of any home renovation but also requires more upkeep in the long run.
Enhancing decks with landscape lighting also offers excellent returns. Low-voltage lighting systems are easy to install, making this a home improvement option that even beginners can tackle.
Home Improvement Idea #3: Floor Remodelling
Flooring is one of the most important features of your home. Simply replacing old tiles and carpets or refinishing hardwood floors can give any home a “polished” and “clean” feel.
Laminate floors can be expensive, but they are durable and resistant to stains. Existing hardwood floors are also less costly to restore and in higher demand than other flooring materials. Plus, installing them is simple enough for any home renovation newbie to follow.
Home Improvement Idea #4: Bathroom Renovations
If you plan on remodelling your bathroom, it’s best to focus on one element at a time. Updating the tiles and lighting fixtures, redoing the counters, or even changing your toilet can get you a 70% ROI.
But if you want to kick your DIY home renovation ideas up a notch, consider turning your bathroom into a universally accessible one. This might include wider doorways for wheelchairs, lowering light switches, or placing support bars on the walls.
Renovating your house to embody accessibility will definitely widen your market if you ever decide to sell your property.
Complete Your Home Renovation With Clera
Don’t let your DIY home renovation ideas stay in the planning stages. We’ll help you make them come true!
Clera Windows + Doors is Canada’s most dependable and reputable vinyl window manufacturer. If you want to install energy-efficient windows with high investment returns, you can count on us! We take care of everything—from manufacturing and installation to after-sales services.
Get in touch with us today for more information about our vinyl windows, and one of our experts will assist you shortly.