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Home renovations can be a great way to increase the value of your home and make it more appealing to potential buyers. However, not all home renovations are equal when it comes to return on investment (ROI). Knowing which renovations will give you the most bang for your buck can help you make smart decisions when considering remodeling projects.
Here are 5 home renovation projects that offer excellent ROI potential:
- Kitchen remodeling (75% ROI)
- Bathroom remodeling (71% ROI)
- Basement finishing (86% ROI)
- New Flooring (147% ROI)
- New Roof (100% ROI)
Design and decor choices to avoid.
All white everything. For years, white paint, greige flooring, and a white kitchen were all anyone was was doing, because it was a 'no-decision' colour. It conveyed clean minimalism, but now it feels cold, uninviting and similar to a hospital. We're not saying don't go bright, but warmer neutrals are in, all white is out.
Tiny tile backsplash. This trend has left the building. Opt for a more interesting or bold backsplash (we don't mean colour). A neutral, bigger tile or continuous backsplash will modernize a kitchen easily.
Busy granite. Yes, it hides crumbs and the fact that you may not have wiped down the counter today, but simpler patterns at a larger scale are timeless.
Greige Flooring. The colourless, grey wood flooring is out. Simple as that. Warm up the space with true wood tones.
Open floating shelves. After a ton of research, this recently popular trend is catching the next train out. Sure, it's sleek and creates the illusion of simplicity and tidiness (if you are very tidy, that's great!) The truth is, people need storage and piling up the miscellaneous items on one or two open shelves will do the opposite of its intention.
Design and decor choices to consider.
Accent walls and colours. After years of looking at all white and grey interiors, the desire for more interesting colours and decor has increased.
Bring outside in. Plants and natural materials compliment Campbell River's natural beauty. Wood beams, tables and shelves; different textiles; and artwork can showcase our beautiful location inside too.
Cost-efficient remodels. An example, if you have wood kitchen cabinets, consider giving them a face lift rather than bother with removal, deciding on a material, choosing a profile and colour, and all the rest that comes with a complete kitchen renovation. Refinishing the cabinet faces, choosing new hardware and adding soft close hinges goes a long way too.