Homeowners all over Canada are making the choice to invest in home improvement renovations like never before. Not only do these renovations make their time spent at home that much more enjoyable, but it also increases the value of their home. For many homeowners this is just an added bonus, but if you plan to sell in the near future, focusing your renovation efforts where it matters is a strategic decision.
We don’t need to tell you that your kitchen is the focal point of your home. Not just in a design sense either. It’s where all the activity is. It’s where the homework is done, the lunches are made, where family meetings take place, and plans are put into motion. It’s not a wonder that they occasionally need a little upgrade.
Did you know that both kitchen and bathroom renovations typically recoup 75-100% of their renovation budgets upon reselling their homes? Just to put that into perspective, if you replace the roof, you should only bank on recovering 50-80% of the cost, meanwhile a living room expansion can only guarantee 50-75%.
Kitchen Renovation adding to your Property Value
Upgrading your kitchen to increase your property value doesn’t necessarily mean gutting the entire space. One popular kitchen renovation that packs a punch is an island. Seems simple right? By incorporating an island into your pre-existing kitchen space you are not only adding valuable extra storage, but also another seating space, an entertaining space, and a work space.
One way to simulate a total kitchen renovation is to update your cabinetry. This can be combined with adding in an island. Bonus points if you install hardwood floor (one of the top 7 home improvement trends). By keeping the foundation of your kitchen intact, you can allocate more to choosing the very best materials and hardware.
Kitchen Renovation Trends
Staying on top of home renovation trends is a strategic way to keep your home attractive to potential home buyers. However, if your goal is to keep your home for the foreseeable future, stay on top of the trends for your own enjoyment! 2015 is proving to be a fantastic year for kitchen renovation trends. Here is just a little nibble to whet your appetite:
Brass: When it comes to taps, sinks, range hoods, and hardware, kitchens in 2015 are all about the brass. Interior designers are raving about the way brass emits warmth and sophistication. Brass pairs well with greys, and whites making it an easy inclusion to many of today’s kitchens.
Patterned Tile Backsplash: One of the most versatile areas in your kitchen is the backsplash. With little to no need for demolition you can give your whole kitchen a facelift by designing a tile backsplash. While subway tiles and marble backsplashes have been the norm for several years, colourful, geometric tiles are making their way into kitchens across the country.
When it comes to increasing the value of your home, start with the kitchen. With increasingly attractive appliances and innovative design elements, now, more than ever, kitchens are being considered the living room of the modern home.
Considering adding value to your house with a kitchen Renovation project? Contact the professionals to give you a hand with all your kitchen needs.