Often, homeowners in Canada have a dream list of home improvement projects (a.k.a. “renovation”) they want to do around their house. It’s no secret that these projects usually require time, money, attention and determination.
Home improvements and renovations are usually believed to be costly and a privilege reserved for the wealthy. This isn’t entirely correct.
While some home upgrade ideas can be costly, with interior designers and contractors charging exorbitant fees, some home improvement initiatives are simple, effective, and worthwhile.
You should keep in mind that home upgrades will raise the value and endearment of your property. Look at this list, some upgrades even pay for themselves in the long run
1. Paint for newness
Paint gives incredible effects for a low investment; the cost of painting a room is much less than most other home improvements, and it’s a simple home renovation. A coat of fresh paint or an accent wall can liven up the space
2. Use wallpapers
Wallpapers are another cost-effective method to spruce up your living space. These days 3d wallpapers can add a lot of personality and depth to a space. If you find painting the entire house expensive, you can cover some walls in your bedroom or living room with wallpaper. You can make a statement by adding a playful pattern or texture to one wall. You can even consider peel and stick wallpaper to add some designer chic to a kitchen wall or a reading nook. A very creative use of wallpaper has been using it on the ceiling…yes you read that correct the fifth wall of your home – the ceiling.
3. Upgrade the Flooring
Property owners frequently believe that flooring is the most cost-effective option for rental property floors. Focus on the long-run cost of general deep cleaning and replacement costs that property owners are likely to face. Instead, go with a more durable option like hardwood, laminate, vinyl, or tile.
Is it still not in the budget? Upgrade the flooring in high-traffic areas like the living room and kitchen while keeping the carpet in the bedrooms. Higher-quality flooring lasts longer and raises the rental/resale value of the home.
4. Go green alternatives
Environmentally friendly home improvements are a worthwhile decision because they increase the value of your home while also saving you money in the long run. There are various aspects to building your home more energy-efficient, from basic fixes like adding weather stripping to doors to major upgrades like solar panels or a tank-less water heater.
5. Consider a fresh bead of bathroom caulk
It’s what you’ve been dreading. The foul smell and the mold are telltale signs that you have a leak, and most likely it has spread to all corners of your bathroom. And while a new tub or sink may cost you hundreds of dollars and can be such a hassle to change; removing caulk and putting a fresh bead isn’t difficult. You just need some strong will power, a few common tools and good caulking.
6. Update cabinet and door handles
Whether you want the cabinets to look different or you’re making a change in how they function, replacing with new cabinet handles can do wonders.
7. Get new outlet and light switch plates.
Even changing old light switches with modern ones that operate on voice command can be a good investment. Light switches tend to get stuck and dirty with regular use, they are cheap to replace and if you want to get fancy you can install ones with inbuilt motion sensing lights and timers
8. Update window frames
Adding molding to windows make it look larger and enhance the overall appeal of the room
9. Kitchen upgrades
New cabinets and countertops can add a lot of value to the price of your home. Kitchen upgrades tend to give the biggest return on your investment
10. Frame a bathroom mirror
Sometimes bathroom mirrors tend to spoil around the edges. Adding a frame elevates the look and makes it look premium
11. Update Return Air Grille and Air Vents
While this may not look like a big thing; these small changes can significantly improve the value of the house by making it look premium without costing an arm and a leg
To breathe new life into your home, you need to first understand that the key areas that need improving are the ones that will increase its resale value. Your property should be equipped with the required modifications and facilities to get its competitive market value, like rentals and investments. Two cost-related property improvement ideas that can breathe new life into the home include remodeling the kitchen and bathroom. These two improvements will be seen by any potential buyers, which can increase the chance of selling your home for a higher price or renting it for higher than normal.
When it comes to upgrades you need to know what to prioritize and what to put on the back burner. Upgrades can be valuable but make sure you don’t go overboard. It’s important to realize that upgrades cost money, and we hope you can improve your property value with these cost-efficient home improvement ideas.