When it comes to make your home bigger, adding square footage is not a guarantee to add value. Prospective home owners will want something that is livable or usable without increasing the footprint of a home. When you go bigger on a homes footprint, you increase things like heating bills which can turn off many home buyers. This is why an attic bedroom or finished basement is one of the most popular and sensible home renovation choices.
When it comes time to renovate, you have to be mindful of the materials you use. It would be instinctual to think that the best quality materials will bring in more potential buyers but this is wrong. Many price conscious buyers will be deterred from home using expensive materials especially when if a repair is needed or anticipated.
Mid rang materials are a safe bet because they will appeal to a wider audience. For example, a mid range entry door will yield up to 102% of its project cost on resale. This sounds pretty safe right?
Although many remodeling projects add definitive value to your home, some up to 100% of the project cost, other will add no value at all. One such example is creating a master bedroom from two or more smaller rooms. Although this may make sense for some, it may actually deter many home buyers who need more living space.
Sometimes it’s best not to try and re-invent the wheel. Although there is something to be said for creativity. In any case, here are a few man cave examples to get your creative juices flowing. All of which have been picked since they require a degree of woodworking and finishing services (both of which you can employ through Great Canadian – cough cough).
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