3 Ways to Invest in the Long-Term Value of Your Home
A house is many things: it’s where you unwind at the end of the day, the site of your fondest family memories, the one place in all the world that is truly yours to do with as you will.
But a house is also an investment, one that you eventually want to see pay off. If you’re planning any renovations this summer, here are three home improvements that are guaranteed to add to the long-term value of your property.
1. Finish Your Basement
The single most important upgrade any homeowner can make is to refinish their basement. A finished basement can nearly double your living space, expanding the number of rooms and washrooms you can list when it comes time to sell, and also giving the property added perks like a games room or office that will make a difference in the possible asking price.
Of course, finishing a basement is not a small job, and this sort of renovation can be quite costly — especially if you discover hidden problems with the foundation, plumbing, or wiring that you weren’t previously aware of.
But the upshot is that you’ll have more space to enjoy yourself in during the years when you’re living there. And when it comes time to sell, you’ll have a lot more to offer potential buyers.
2. Replace Your Roof
The roof is one part of the house homeowners tend to know little about. Usually, you only go up on the roof if there’s a specific problem, and people generally only call their Toronto roofing contractor when they have a pressing issue that needs to be dealt with.
But your roof is an essential part of your house, and nothing will bring down your resale price like a leaking roof that desperately needs replacing. Most roofs have a warranty for between fifteen and twenty years (though this will depend on the kind of roof you have), so if you are starting to reach the end of your roof’s lifecycle, get in touch with roofers in Toronto to look into your options for replacing it.
Not only will it make the property more appealing from a maintenance point of view, it will also make it more appealing, period: nothing freshens up a house’s look like a brand-new roof.
3. Increase the Amount of Natural Light in Your Home
While this might seem like a relatively modest renovation to invest in, increasing the amount and quality of the natural light in your home has been shown time and time again to improve resale value. People are naturally drawn to spaces that are sunny and bright, and if you can maximize the amount of natural light in your rooms, it will be a major draw for potential buyers.
This can be done in a number of different ways, not all of which require major renovations. But the most effective ways to bring more light into your living space is simply to install bigger windows and add skylights where possible.
Every home is unique, and understanding how to enhance the value of your home means tapping into what makes it special. But in just about every case, finishing your basement, upgrading your roof, and increasing the amount of natural light are sure to make your house a hot item for future buyers.