Are you thinking about selling your home or wanting it to be worth more? Smart home renovations can increase property value over time. Even small changes can pay off. Experts say updating key rooms like the kitchen or bathroom gives the biggest return. Renovating is like an investment: spending now can make your home stand out to buyers later.
This article will share friendly tips on how to increase property value with home renovation projects that make sense. We will cover the best home improvements to increase the property value, why they work, and how to work with renovation contractors.
Why Renovations Matter
Home renovations in Calgary can be exciting, but they also cost money. To get the most bang for your buck, focus on changes known to add value.
For example, studies show that a well-planned remodel can recoup a large part of its resale cost. Even fixing a leaking faucet, updating old flooring, or repainting walls can make your home look fresher and well-maintained, which buyers notice.
A small kitchen renovation might bring back 70–80% of what you spent. Finishing an unused space like a basement or attic adds square footage for future buyers and can recoup about 70–75% of the cost. Even in Calgary, a big kitchen renovation can recoup about 75–100% of its cost.
Best Home Improvements to Increase Property Value
Kitchen and Bathroom Renovations
One of the biggest boosts to home value comes from updating the kitchen or bathroom. A new kitchen with modern cabinets, countertops, and appliances often pays for itself. Minor updates to a bathroom, like new faucets, tiles, or brighter lights, also give a high return on what you spend.
One Calgary source notes bathroom updates can recoup about 100% of their cost. Even simple fixes like a fresh coat of paint or replacing worn hardware in these rooms can increase home value. Because these rooms are used every day, buyers pay a premium to avoid doing the work themselves.
Basement and Bonus Rooms
Finishing an unused basement or attic adds living space that buyers love. You are essentially creating extra square footage, which raises the value of your home. Experts say you can recoup around 70–75% of your cost when you finish a basement.
The added space often lets you bump up the asking price. Even finishing part of a basement or adding storage can be a wise investment, since extra square feet in a home usually means a higher sale price.
Energy Efficiency and Smart Tech
Upgrades that save energy and add smart features are increasingly important. Replacing old windows or adding insulation can cut utility bills and add value over time. Installing LED lights or energy-efficient appliances costs little and looks modern. Projects like solar panels can also boost appeal and efficiency.
Modern smart home devices (like thermostats, lights, or locks you control by phone) make a house feel up-to-date. Research shows homes with smart features can sell for about 5% more. For example, adding a smart thermostat and a security camera system can make a home feel up-to-date and safe.
Curb Appeal and Exterior Upgrades
Great curb appeal can raise property value. Simple fixes outside make a big first impression. A fresh coat of paint, new siding, or stone veneer can recover a large part of its cost (around 80%). Even replacing a worn front door or garage door can add more than the cost of the upgrade. Landscaping is another key: tidy lawns, trimmed hedges, and colorful flowers make buyers smile.
Neat landscaping has been shown to increase home value by about 5–12%. High-quality siding or stone adds back about 80% of its price. Even small touches like updated house numbers, a new mailbox, or outdoor lights give a polished look. These exterior and yard improvements help buyers see the home as move-in ready.
Outdoor Living Spaces
Decks and patios extend living space outdoors. Many buyers love a functional outdoor area for dining or relaxing. Building a deck or patio often pays off: about half or more of its cost comes back in value. Decks are among the top features buyers want.
Adding outdoor seating, a fire pit, or even a small garden area can be a good investment for home value. An outdoor living area makes the home feel larger and more versatile, which buyers notice.
Investment Property Renovations
If you own smart investment property renovations can boost both your rental income and resale value steadily. Updated kitchens and bathrooms attract good tenants and allow you to charge higher rent. Energy-saving upgrades and smart locks also appeal to renters.
In short, these improvements increase the property’s market value and your return on investment steadily. By treating an investment home like your own, with quality updates, you ensure it rents well and sells for more later.
Hire Professional Renovation Contractors
Quality work by skilled professionals is key. Professional renovation contractors have the experience and tools to make changes that last, which adds value. They know local building codes, use better materials, and work efficiently.
For example, DivineCo Solutions provides expert home renovations in Calgary and beyond, guiding homeowners through these smart upgrades. It’s wise to ask for multiple quotes and check references before choosing. Quality craftsmanship might cost more upfront, but it pays off in the long run. Buyers will pay more for a well-built home with no hidden problems.
Final Thoughts
Finally, you know how to increase home value. With careful planning and these smart upgrades, you’ll see your home’s worth climb. Each project is an investment in your property. Set a realistic budget and plan one upgrade at a time. If you renovate your kitchen, you might also refresh nearby spaces so the whole home looks modern.
When you imagine these improvements, think about how you’d explain them to a buyer. If they make life easier and impress guests, they are likely raising your home’s value. Start small or go big, but focus on projects like kitchens, baths, basements, and energy-efficient features for the biggest payoff.
Remember, even fixing minor issues or repainting can add value. By choosing the right improvements and working with professional renovation contractors, you’re taking sure steps toward increasing your home value.