Before you call one of the experts in home renovations in Calgary, what projects have the lowest rate of return on the investment? And just as important, how can you reduce the cost and improve the return on the investment of these projects?
An add-on sunroom that lets you enjoy the sun seems to bring the outdoors in. You may add skylights, low-E windows, automatic shades, HVAC and other amenities to make it comfortable year round. Done right, a sunroom can help heat adjacent rooms. Done wrong, and it overheats in the summer due to the greenhouse effect while becoming just another room people pass through on their way to a now smaller yard.
Before you build a new sunroom, talk to a Calgary home renovations about how to bring more light and air to your existing living areas. Or discuss options for improving your patio area so that it becomes an extension of your living space, without having to pour an extension of the foundation and build walls. An outdoor fireplace or fire pit could extend use of an existing patio into the fall for a fraction of the cost.
Master Suite Additions
A master suite turns your master bedroom into something more akin to a hotel room. Instead of simply having a bedroom, closets and standard master bathroom, a master suite upgrade includes spa quality bathroom amenities, a sitting room to go with the master bedroom space, and even a kitchenette.
The master bedroom, along with the kitchen and kids’ bedrooms, tend to be what sell a house. A master suite does add value to your home, but you only get a 50% to 70% rate of return on the cost. Cost effective alternatives include upgrading the shower heads and fixtures in the master bathroom, replacing a single sink with a double vanity sink, turning the powder room into usable space or storage, adding storage options to the closet while reorganizing it, and increasing the ambiance of the bedroom through better lighting and layout instead of adding more square footage.
When you live in a neighborhood of three bedroom, two bath single family homes, your one bathroom house has a disadvantage on the market. In this case, adding a second bathroom improves the home’s value, though you’ll only recoup around 90% of its value. However, if the house has the standard number of bathrooms for the neighborhood, adding yet another one has almost no ROI.
Renovating an existing bathroom has a good rate of return if it is done right. For example, replacing leaking, rusted fixtures with new ones is a low cost, high value proposition. Replacing single sinks with dual sinks, installing new mirrors with premium lighting, swapping out boring shower heads with ones featuring massage and body spray options and ripping out carpeting for never-moldy tile are worth the cost. Remodeling a bathroom so that the toilet or shower has improved access for those with limited mobility is certainly cheaper than relying on home health aids to assist someone with going to the bathroom.
And always hire an expert in Calgary home renovations like www.CoreFront.ca in for projects like this instead of trying to do it yourself or relying on a plumber for a project that should involve a host of building professionals.
For more information regarding custom renovations and custom home builds visit www.corefront.ca or call 403-547-2673.