10 Best Home Remodeling Ideas

Plot twist: you don’t need to stick to the traditional rectangular shapes of furniture! We recommend customizing your home renovation according to your style and the availability of space. Swap out the regular rectangular couches for a spacious L-shape couch, or try out curved countertops and tables for increased work areas. In doing this, though, it is important to make sure that these design ideas don’t reduce any space, and that they allow for easy traffic throughout your home.

In a small space like a bathroom, every detail matters: The right wall color, tilework or lighting can transform a dull, dated bathroom into a bright, stylish retreat.

See also – Best Interior Design Software

Conclusion

Whether you are looking to renovate your home, or you’re just interested in the different renovation ideas and designs out there, we at Foyr are here for you!

To make the renovation process even easier – and to get even more renovation inspiration – we recommend you check out Neo, our lightning-fast interior design software. This tool comes with a massive catalogue of world-class design presets that can inspire renovations for home interiors, kitchens, offices, and more. You can browse through the collections, filtering by different styles and themes, to find one that works for you!

For these renovation ideas and inspirations, sign up for a free 14 day trial of Neo – no credit card required.

10 Home Improvement & Remodeling Ideas that Increase Home Value

Buying a house can be a great investment, but only if you increase its resale value while you live there. That means exploring which remodels and upgrades are worth the time and effort.

Instead of losing yourself in a sea of home improvement ideas and dreams, evaluate which pursuits come with the highest return on investment (ROI) to ensure you not only improve your space for you and your family but for potential buyers in the future as well.

10 Home Improvement Projects That Add Value to Your Property

Whether you buy a brand new home or one that’s already been lived in, there are always upgrades and renovations you can take on to improve the space.

From a simple fresh coat of paint to a full kitchen remodel, here are some home renovation projects that will help to increase your property’s value and add comfort and convenience to your life as a homeowner.

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1. Major or Minor Kitchen Remodels

Kitchen upgrades, whether major or minor, are a great way to increase the value of your home. According to Remodeling Magazine, you can expect to recoup anywhere from 53% to 72% on your kitchen remodel depending on the type of renovation you do, the materials you use, and where you live.

Minor kitchen upgrades include small projects such as:

Putting in a new backsplash

Refinishing cabinets

Updating light fixtures

Adding an island

Increasing storage space

Upgrading faucets

Major kitchen renovations include:

New cabinetry and countertops

Installing wood, laminate, or tile flooring

Adding windows, doors, or even square footage

Upgrading to high-end appliances

Adding seating, dining, storage, or cooking space

When considering a kitchen upgrade, remember to stick within your remodeling budget and keep the space functional and relevant to the rest of the property.

For example, if you live in an older home with a lot of old-fashioned charm, a modern restaurant-style kitchen with industrial appliances might feel out of place and could be a turn-off for prospective buyers.

2. Bathroom Upgrades

Bathroom remodels are another way to increase your home’s value and make it more appealing to future homebuyers.

Depending on your bathroom renovation budget, you can explore a variety of potential projects, including:

Installing new sinks, tubs, showers, or toilets

Painting, retiling, and reflooring

Adding storage space

Putting in a vanity or mirror

Upgrading lighting

Another option is to add a bathroom to your home, especially if you only have one to begin with. Homes with multiple bathrooms are a hot commodity in the real estate market, and you’ll likely appreciate the convenience as well.

Popular ways to add a bathroom include adding an ensuite to a master bedroom or turning a closet or other unused space into a half-bath on the main floor. Just beware that adding a bathroom or creating a master suite where one doesn’t already exist can get expensive quickly and may not add resale value to the home.

3. Transforming an Unused Space

Many homes come with extra, unfinished space that’s just waiting to be used, such as basements, attics, and bonus rooms.

As a homeowner, leaving that space untouched just means you have square footage you aren’t taking advantage of. Making the most of those unused rooms will increase your living space and make your home appealing to potential homebuyers.

Plus, it’s typically much less expensive than adding additional floor space to your home.

Some projects to explore include turning an unused space into a:

Playroom

Game room

Home gym

Home office

Separate suite

Second living room

Library or study

Guest bedroom

4. Outdoor Oases

Projects that make your outdoor space more accessible and functional also increase home value. Depending on the materials you use, such as wood or composite decking, decks and patios can have an ROI of more than 64%.

Other options include stone and brick patios and lower decks, which can make great DIY projects if you happen to be handy.

If you already have a deck or patio, pressure wash and refinish it if necessary. Repair or replace any old, rotting boards or broken pavers, and strip flaking paint and stain. Sprucing up your existing outdoor structures is a low-cost way to increase your home’s appeal to buyers and add to the overall desirability of your property.

5. Keeping the Home Up to Code

Depending on the age of your property, there are probably some home improvement projects that can be done to bring it up-to-date in terms of residential building codes.

For example, many older homes may benefit from new:

Electrical wiring

Plumbing

Windows

Insulation

Hot water heaters

HVAC systems

Roofing

Home renovations like these are typically best suited to older homes that haven’t been updated in the past. And while they can be pricey, they’re often worth it because they’ll add value to your property and make it safer and more comfortable for you — and future occupants — to live in.

6. Energy-Efficient Extras

Energy-efficient appliances and building materials come with a host of benefits. Not only do they help to save money on energy costs, but they can also reduce your home’s environmental impact. Here are some projects to consider:

Install solar panels

Purchase Energy Star appliances

Invest in a smart thermostat

Replace old windows

Swap out poorly insulated exterior doors

Improve insulation

Many of these energy-efficient remodeling projects qualify for federal and state green energy tax credits, benefitting you in more ways than one.

To figure out how to improve your home’s energy efficiency, consider a professional home energy audit. Many gas and electricity providers offer evaluations that provide you with an energy score and tips for how to boost your home’s efficiency.

The ROI of energy-efficient home improvements varies greatly based on the project you take on. For example, according to EnergySage, insulating an attic comes with an average return on investment of just under 117%.

7. Interior Design

A little interior design goes a long way. Simple and straightforward design updates help to stage your home for sale and come with relatively small price tags.

If you’re looking for some easy but worthwhile home improvement projects to increase your property’s overall value and entice buyers, consider:

Updating light fixtures

Replacing light covers and heat registers

Swapping out old door knobs and hardware

Installing custom window coverings, such as blinds

Modernizing your paint colors

Repainting baseboards, ceilings, and interior doors

Adding crown molding

Although these jobs may seem less impressive than large-scale renovations, don’t underestimate how much the visual appeal of your home can affect its value. The color you choose to paint a room can have a major impact on how much your home sells for, as a recent Zillow report shows.

8. Curb Appeal Boosters

Your home’s curb appeal is directly related to whether it makes a positive first impression on potential buyers. And there are a variety of different ways you can make your home stand out, even from the street.

Some of the best home projects for improving curb appeal include:

Replacing, repairing, or painting wood, brick, or vinyl siding

Painting or purchasing a new entry door

Replacing a weathered garage door

Adding stone veneer to your entryway

Installing new lighting

According to the same Zillow report, simply painting your front door a darker color, such as black or charcoal, can increase your home’s sale price by more than $6,000. That’s pretty impressive, considering a can of paint typically costs less than $100.

9. Landscaping

Landscaping your property also adds to curb appeal and makes your home look more enticing. Potential landscaping projects include:

Reseeding or resodding your lawn

Weeding flower beds and planters

Adding hanging baskets, flower beds, or planters

Planting trees

Replacing old mulch

Removing dead trees and bushes

Raking up old grass and leaves

Many of these projects are low-cost and have the added benefit of being DIY-friendly, meaning you won’t have to pay a professional to do them for you. The Washington Post puts the potential ROI of landscaping projects between 150% and 1,000%, meaning they’re likely to pay off handsomely in the end.

10. Smart Home Automation

Smart home devices are becoming increasingly popular in the real estate world, helping to boost home values and add new appeal for prospective buyers. Some of the most in-demand smart home upgrades are:

Smart thermostats

Smart home security systems like doorbell cameras

Smart smoke, carbon monoxide, and radon detectors

Smart lights

Consumer Reports estimated smart home automation can increase a home’s overall value by 3% to 5% in 2016, which is likely to increase as more people become familiar with smart home devices and home automation.

While it can be hard to figure out exactly how much value these upgrades add to your home, your real estate agent will be able to help you price your home accordingly.

Final Word

Home improvement projects can be difficult to prioritize and budget for, which is why it’s important to choose the ones that come with the most benefits. If you plan to sell your home at some point down the road, focus on remodels and renovations that will boost your property value instead of decreasing it.

Stick to a budget and work with a realtor to figure out where to start as you prepare your property for sale.

14 Best Home Improvement Ideas Guaranteed to Make You Money

While that’s excellent advice:

How do you know which home improvements provide the most value?

AND

Can I do some of the work myself, or do I have to hire a contractor to get the most money back?

The home improvement industry in Canada is booming. The Financial Post reported that renovation spending in Canada topped $68 billion in 2014, has steadily increased in 2015 and has continued to be strong in 2016. Surprisingly, more Canadians are spending money on updates instead of purchasing a new home. This is especially true for the two hottest housing markets in Canada—Toronto and Vancouver.

Speculation is twofold as to what’s influencing their decisions:

First, the popularity of home renovation shows has encouraged homeowners to try out the latest trending products in their aging homes, and

Second, interest rates continue to hover at record lows, allowing homeowners to refinance their mortgages and free up money to put back into home improvements.

With renovation spending accounting for 3-4 percent of the Canadian economy in 2014, it’s more important than ever to make sure you’re spending your money wisely.

Before you make any decisions about what type of work you’re going to tackle, you should consider:

The impact of the project on your home’s appraised value.

Appraisers indicate that you should limit the renovation cost to the value of the room as a percentage of your overall house value. For example:

A kitchen represents 10% to 15% of the overall house value.

represents 10% to 15% of the overall house value. A master bathroom suite equals about 10% of the house’s value.

equals about 10% of the house’s value. A powder room/bathroom is approximately 5% of the house value.

is approximately 5% of the house value. A finished basement or attic comprises about 10% to 15% of the total.

comprises about 10% to 15% of the total. Other rooms like the living room, dining room, or bedroom have a 1% to 3% value based on the entire house.

have a 1% to 3% value based on the entire house. Exterior improvements such as a patio, deck, paths, and landscaping correspond to 2% to 5% of the overall house value.

The length of time you plan to stay in the home before selling:

A typical return on investment (ROI) for a home improvement expenditure is between 80% and 90% after a year or two. Waiting longer to sell, will allow your property to increase in value and provide a full-value or more ROI.

The strength of the resale market in your area:

If you’ve been in your home for a long time, your perspective may be skewed on the salability of your property. You’re probably familiar with the classic real estate catchphrase “location, location, location.” It’s important to consider factors such as the price of recent real estate transactions, the type of buyer you may attract (Millennials interested in the latest trending amenities or empty-nesters who want high-quality, easy-care features), and its proximity to public transit, shopping/restaurants, parks, waterfront, or acreage with privacy.

So, what’s the bottom line?

Now that you’ve evaluated how much you should spend, the length of time you’ll need to stay in your home, and the saleability of your home, you can feel confident in choosing among these 14 best home improvement ideas that are guaranteed to make you money on resale:

Appraisal Improvement Projects

In determining the market value of your home, both banks a real estate agents will order an appraisal. There are a number of factors that determine the price, such as location, livable square footage, number of bedrooms and bathrooms, updated mechanicals (plumbing and electrical), improved core areas (kitchens, bathrooms) and construction material. Home improvement projects that improve the structural features will rank higher and increase your ROI.

1. Kitchen Renovation/Kitchen Upgrade

According to the National Association Remodeling Industry (NARI) report, buyers rank complete kitchen renovations and upgrades at the top of their list for both value and appeal. Wish list items include:

Upgraded cabinets and hardware

Granite or marble countertops

Island workstation

Hardwood or laminate flooring

Abundance of lighting (including under-cabinet)

Updated appliances

Decorative backsplashes

Walk-in pantry, closet or cabinet

Modern sink with trendy faucet finishes and features

An average kitchen upgrade that costs around $30,000 would return about $20,000 when sold.

2. Bathroom Renovation/New Bath Installation

When realtors surveyed their clients, bathroom renovations and new bath installations ranked second for home improvements that helped make a sale. Renovations should work toward upgrading worn-out surfaces and materials, improve function and livability, and modernize the space.

Buyers are willing to pay more for a bathroom with:

Ceramic tile flooring

Walk-in shower with ceramic tile, body sprays, rain shower head

Separate soaking tub (for Master Bath)

Solid surface countertops

High-quality plumbing fixtures (name brands are more desirable)

Modern, double sinks with decorative/functional faucets

Bright, but dimmable lighting

Decorative mirrors

A remodeled bathroom will earn approximately 58% return while adding a new bath will bring in a 52% ROI.

3. Repair or Replace Flooring

Hardwood flooring is one of the most popular products among homebuyers today. It helps instill value and is an excellent investment. If your hardwood floors are worn and damaged, your first consideration should be to refinish them. If you’re handy, you can consider this a DIY project and rent sanding equipment from a home improvement retailer. However, even with the higher cost of using a professional installer, you’ll see huge rewards and ROI. Light stain colours will make the room look bigger and casual, while dark hues will be more dramatic and formal. Definitely, choose a stain finish coat as it reduces the appearance of scratches over semi-gloss.

Hardwood flooring is in such high demand, that you will have no problem obtaining more than 200% return on investment.

If your hardwood flooring is covered with carpeting, tear out the carpeting and refinish the floors, if needed. If you don’t have hardwood, consider replacing sheet vinyl/linoleum with hardwood or a high-quality laminate in the foyer, hallways, kitchen, dinette, dining room, sunroom, and laundry room. Laminates come in a variety of patterns that mimic hardwood and tile. They are extremely durable, waterproof, and resist damage from pet claws.

Carpeting that is more than five years old should be replaced. Changing it out for hardwood will garner the biggest return on investment. Although, installing the right carpeting and padding for the room’s use and traffic patterns will keep it looking good while you’re living there and all the way to the sale. Select a neutral colour to appeal to the most buyers. While you may not enjoy as large an ROI, new carpeting will show the house as well maintained and may help sell it faster.

4. Basement Conversion to Living Space

Converting your basement into a home office, entertainment center, extra bedroom, game room, or in-law apartment can greatly add to the appeal of your home. While it may not always be recognized as “living space” by appraisers, the HGTV lists it among the smartest home improvement projects with a 77% payback.

It’s critical that you make sure your basement is protected from moisture and flooding with proper waterproofing. Install a sump pump with battery back-up, run a dehumidifier, and use materials rated for below-grade use. This project should involve a professional contractor who is licensed, insured, and adheres to local building codes.

5. Room Addition

Expanding your home can help make your family more comfortable now AND add value when you sell it. Since its publication in 2014, Remodeling Magazine’s Cost vs. Value Report has shown a bigger percentage of return than the previous year in every expansion project. Just look at some of the impressive numbers these additions have achieved:

Attic bedroom = 84% ROI

Second story = 72% ROI

Garage = 69% ROI

Family Room = 69% ROI

Master Suite = 68% ROI

Sunroom = 52% ROI

Now, you may not have thousands of dollars to spend on home improvements, but that doesn’t mean you can’t benefit from some inexpensive upgrades.

Maintenance and Repair Projects—Preserving the integrity of your home through maintenance and repairs will always pay dividends. Buyers are most likely to choose a home with a solid structure and systems over a home that’s fallen into disrepair.

To obtain the highest possible return, consider taking on these projects:

6. Paint

It may be surprising that such a simple and inexpensive improvement like painting can gain as much as 200% return on investment, but it’s true. Freshly painted interior rooms and exterior trim work creates an excellent first impression to potential buyers. By choosing warm, inviting colours, you’ll appeal to a larger portion of the market while adding value. If possible, stick with taupe, tan, or white as the main colour palette. You can always add bright accessories for contrast without being overpowering.

Don’t forget that many buyers shop online before ever stepping into a home. A fresh exterior paint job will ensure buyers are lining up to tour your home first.

7. Upgrade Insulation

Improving energy efficiency and comfort is a top priority for most homeowners today. According to Remodeling Magazine’s 2016 report, upgrading your attic insulation is currently offering the highest return on investment at a whopping 117%!

Blown-in, loose-fill fiberglass insulation is gaining popularity over the traditional batt-style due to its ability to reach tight spaces. A professional installer can help you achieve the greatest R-value and efficiency rating.

Curb Appeal Projects—We’ve all heard about how important curb appeal is in selling a home, but today’s existing home market requires more than a neatly manicured lawn and flower pots. To achieve the highest emotional appeal, consider these visual improvements:

8. Add a Deck

With many families looking for a reprieve from the daily stresses of life and opting to stay home for vacation, increasing the outdoor living space by adding a deck makes perfect sense.

The cost of adding a deck can range anywhere from $1,200 to $10,000+, depending on size, materials, and options. According to HGTV, it’s worth it as more and more buyers will find your backyard more appealing and be willing to pay you between 65% and 90% of your investment dollars in return. The large range is affected by the type of material used (although more expensive, maintenance-free composite decking is easy to care for), the size of the deck (multi-level, activity stations), and extras such as pergolas, outdoor kitchens, fireplace/fire pit, built-in seating or planters, and storage, etc.

9. Add a Privacy Fence

Another great improvement is to add a high-quality privacy fence. By using wood or stone, a fence can change the look and improve security of your home. Potential buyers will be attracted to the privacy offered, and you can expect a 100% return in an updated home value. Use a professional fence installer for the best results.

10. Updated Windows

By replacing old, drafty windows, you’ll be adding security and beauty while helping reduce wasted energy. Adding Energy Star-rated windows to your home can save up to $500 a year in heating and cooling costs plus a possible green energy tax credit from local government agencies or your utility company, which is a savings you can receive while you’re still living there. As an extra bonus, you can recoup 60%-90% upon resale.

11. Updated Landscaping

The ultimate feature for generating curb appeal is with updated landscaping. A professional, high-quality landscaping project can increase your home’s value, sell it faster, and help you net as much as 252% ROI. Even if you can’t afford a complete overhaul, consider bringing in an expert to clean-up, trim, and fertilize your existing flowerbeds to showcase your home in the best possible light.

12. Replace or Repaint Your Front Door

As the first thing a buyer sees or walks through, your front door is a critical component toward creating the best first impression. Repainting it is an inexpensive way to immediately improve the look of your home. If you need to replace your standard 20-gauge steel door, it’ll cost you; but with a 102% ROI, it’s worth every penny.

13. New Roof

One of the first things, other than the front door, that buyers are looking for is a recent roof replacement. With the cost of roofing jobs going up dramatically in the last few years, providing peace of mind to your new buyer will help your sale. You’ll see about a 61% return and will save on repair expenses from a leaking roof.

Lifestyle Projects—While these types of projects don’t traditionally bring a large return, Millennial buyers are sure to flock to your home if you include this innovative feature:

14. Add Home Automation

Home automation is fast becoming one of the largest industries in the country. Including wireless technology to your residence can provide state-of-the-art security as well as high-tech smart features that will set your home apart from the competition. A typical system install will cost you around $2,100, but with a full 100% return on investment, there’s no reason not to go for it.

The best part:

No matter what type of home improvement project you’re considering, large or small, you’re guaranteed to make money. Remember that you’ll be able to recoup more of your investment dollars if you stay in your home at least a couple years after doing the work.

Maryan Barbara
Maryan Barbara

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