4 Renovations that could improve the value of your home

If you plan on selling your home at some point in the future, chances are you’ll want to undergo renovations that will increase the resale value of your home. Unfortunately, all renovations are not created equally and don’t always add much value. However, if you’re looking for renovations that will ensure you get a great return on your investment, consider the 4 renovations below including: adding a home office, improving your outdoor space, adding a sunroom, and finishing the basement.

Adding a Home Office

More people than ever are working from home and the trend is likely to continue as the capabilities of the internet for business are being taken advantage of by an increasing number of companies. Another growing trend is the number of people who are starting their own businesses. In addition to business owners, those with children will love having an area they can get away to focus. Even a modest sized home office can add a lot of value so if you’ve got a tiny room that you aren’t sure what to do with – add a desk, some bookshelves, a fresh coat of paint and you’re all set.

Improve Your Outdoor Space

One area of home renovations people often neglect is their outdoor space. However, improving your outdoor space can be an exceptional way to add resale value to your home. By investing in a new deck, patio, or landscaping your house will appeal to a wider number of potential buyers. Who knows – you might even find yourself spending more time enjoying the outdoor fresh air.

Add a Sunroom

Sunrooms are a great way to add a beautiful transition between your indoor living space and your outdoor space. By adding a sunroom you’ll not only increase the overall square footage of your home, but you’ll cater to the increasing trend of outdoor living. Furthermore, sunrooms can be a great way to brighten the overall atmosphere of your home and will enable you to enjoy the outdoors even in poor weather. Lastly, a sunroom can be a great entertaining room – especially if you splurge on great transition furniture and the addition of a fireplace and other luxury features.

Finish the Basement

One of the biggest factors affecting the value of a home is the overall square footage. A primary way to increase this is through finishing a basement. There is tons of potential in an unfinished basement. For instance, you’ll be able to create a great family or rec room, add one or more bedrooms, an extra bathroom, etc. These are all great ways to quickly increase the value of your home. A great benefit of an unfinished basement is that the walls are already there. There’s no need to go through the hassle of adding on to your home. Speaking of unfinished basements – this can be a great place to put a large home office.

If you’re serious about increasing the resale value of your home, consider the options noted above. A new deck and landscaping, a home office, a sunroom, or a finished basement are excellent and affordable ways to achieve this goal.

Mike Bouma is a Broker with RE/MAX Ability in Oshawa, Ontario. Visit Mike at http://bouma.ca/ for more articles as well as info on Bowmanville MLS listings