Are you considering selling your home in the future? If so, you might be wondering what home remodeling updates offer the best return on investments in home improvements. Well, you came to the right place. Calgary renovators, Kavaleer Renovation can help you understand the best Calgary home improvements for ROI.
We’ve spent years helping homeowners navigate Calgary home renovation ideas for ROI. This means we can help you choose the best Calgary home renovations. The ones we recommend will give you a positive return on investment, whether you’re just looking to improve your home or sell it in the future.
General Renovation Guidelines To Know Before Undertaking The Highest ROI Home Renovations
We know you're excited to look at renovations in Calgary that offer the best return on investment. But you should know a few general renovation guidelines first:
-
Check your local housing market. Before renovating your home, you must research the local housing market. Researching the housing market will help ensure you don't price yourself out of the market with the renovations you do. So, look at what the homes in your neighborhood are valued at. This will give you an idea of the additions and modifications you need to do to compete with other homes.
-
Choose a neutral colour scheme. When remodeling, it is best to choose a fairly neutral color palette for decor and paint. This will allow potential buyers to envision their personal preferences in your space and see themselves in the home. However, if you are remodeling for your own sake and don't want to sell, don't be afraid to let your individuality peek through.
-
Extras aren’t always needed. Sometimes, extras aren’t necessary if you’re planning to remodel your home and sell it. It's different if you believe you will get some use out of the features, but if you won't get any use out of it, avoid costly renovations that could turn buyers off. For example, adding a pool can turn buyers off when they consider the upkeep, but if the remodel is for your enjoyment, it's worth considering.
These are only a few remodelling guidelines you should consider before a remodelling project. If you would like help with your home remodel, you can speak with us at Kavaleer Renovations, and we can guide you in the right direction.
What Types of Home Renovations Typically Offer The Highest Return on Investment in Calgary?
So, which home renovations are your best investments? This is a tricky question, but we understand that you want to answer it before a remodel begins. That’s why our team has shared home remodels that are known to offer the highest ROI in Calgary.
But before you look below, you should know that the rule of thumb is that the house's more aged and worn down areas would see the biggest ROI when it comes to a remodel.
Flooring Upgrades
It might be hard to believe, but flooring upgrades are one of the best return on investment renovations in Calgary. A RE/MAX study has proven that they consistently rank among the top three ROIs in Calgary. So, if you avoid rookie mistakes like DIYing your flooring, you can enjoy a return on investment of between 100 and 150 percent. So, put aside the DIY urges and hire a professional like Kavaleer.
Basement Finishing
Another of the most profitable home renovations in Calgary is basement finishing. The average basement remodel provides an ROI of about 75 percent.
Yet, what might surprise you is that you don't have to give your basement an entire makeover. Instead, you can still add value and guarantee positive ROI by undertaking minor remodelling. For example, anything that will save money over time, like floodproofing and insulation, will be attractive to buyers in the future.
So, we recommend that you look at minor remodelling if you plan to remodel and sell. But if you want to live in your home and enjoy it, you must consider significant changes. Changes like legal secondary basement suites that allow aging parents to live with you or let you rent out the unit and earn extra income.
Kitchen Remodels
It should come as no surprise that a kitchen renovation in Calgary offers one of the highest returns on investment. A kitchen remodel can make your home more functional and modern while adding value if you decide to sell.
On average, kitchen remodels cost between $55,000 and $150,000, if not more, depending on what you want done. Fortunately, these costs won’t be in vain since kitchen remodels in Calgary typically net an ROI of between 75 percent and 100 percent.
So whether you’re looking for a complete overhaul or only a few changes, speak with us at Kavaleer Renovations. Our company can tastefully remodel your home for your enjoyment or to improve your chances of a profitable sale.
Bathroom Remodels
When asking what is the best return on investment for home improvement, you might be surprised to learn that bathroom remodels offer high ROIs. Your home's bathroom has an important function, considering it's used often. Many view their bathrooms as a place to rest and relax after a hard day's work.
So, it makes sense that a beautiful bathroom remodel is worth considering. An attractive bathroom will draw the eye and help you recoup much of the costs spent on it, either in enjoyment or money-wise if you renovate to sell. This is especially true considering a bathroom remodel promises an ROI of around 102 percent in Calgary.
But again, you need to choose what to remodel selectively. For example, you might want to reserve adding elements like a claw-foot tub, underfloor heating, and new finishes if you won't enjoy them.
Luckily, you can still remodel a bathroom to be attractive without installing expensive features and still get a high ROI. All you need to do is work with a company like Kavaleer.
Let Kavaleer Handle Your Calgary High-ROI Home Upgrades
Bathroom, kitchen, flooring, and basement remodels offer the best return on investment in Calgary. However, these are not the only home renovations in Calgary that provide high ROIs. If you want to remodel any part of your home—whether to sell or for your own happiness—reach out to Kavaleer.
We have years of experience helping clients with their remodeling needs. Our expert remodelling team can guide you on the best remodelling elements to embrace and which to leave out for now or for future clients. Contact us here, and let us bring your home back to life.
