Renovating for fun or profit
omeowners undertake renovation projects for a variety of reasons, including a desire to make a home more aesthetically pleasing, luxurious, safe or environmentally friendly. Some are repairing damage (i.e., a flooded basement) and others are personalizing their space (i.e., adding a pool for the kids). Regardless of the primary reason for remodeling, there are some considerations for those who would like to renovate with a resale in mind. Studies indicate that many home renovations do increase the price of a home at the resale. This increase, however, is usually less than the total cost of the renovation. Nevertheless, bathroom and kitchen renovations seem to consistently top the list for a solid rate of return on your renovating investment. Improving your home’s energy efficiency (i.e., high efficiency windows) may also increase the appraised value of your home. Interior painting, landscaping and
updating lighting are other popular methods of improving a home and can bring a solid payback at selling time. Some home improvement projects that bring good returns are not necessarily time-consuming or expensive. Repainting your front door, for example, can bring life to your home’s exterior.
Home buyers often don’t appreciate how much money was invested in the infrastructure (i.e., wiring and plumbing) that they can’t see. On the other hand, some changes may add little to the resale price of your home. Installing a whirlpool tub, skylights or an in-ground swimming pool may even reduce your selling price. Think carefully before you renovate.
Colours make a punchy comeback
n the past Canadians have opted for comforting, warm neutrals like browns and beiges for paint colours in their homes. However, in 2010 we see the trend moving toward consumers choosing vibrant punchy colours to reflect their quest for a brighter future: colourful hues such as deep reds and rich purples, vivid blues, spicy burnt oranges, and unstoppable greens. Captivating these vocal colours by mixing them with pastel shades or sophisticated dark tones, next to complementing them with neutrals, will help to make a room look striking and elegant. Neutrals include blacks, browns and grays to help motivate and make a statement and add a touch of luxury to the space. Let the paint colour names intrigue you to express yourself. Take that favourite “sweater” or “pair of pumps” and throw it on the wall. Remember painting is the cheapest and most effective way to make the largest impact/change in a space and the most rewarding. Being fashionable doesn’t have to be costly when going with a good quality paint. Submitted by Brandy O’Brien, Blended Jive Paint & Décor Inc.
Simple steps to update your kitchen • Start by changing any cold and unstylish fluorescent tube lighting with more decorative chandeliers or flush-mount lighting to flood your kitchen with ambient light. Next, fill in shadowy areas – or highlight objects you admire – with spot lights, such as recessed cans or dangling pendant lamps. • Update your sink with a new functional and stylish faucet. This is the workhorse and focal point of your kitchen. • Organize your kitchen storage – purging any items that you haven’t used in years. Next, if you have room – add a kitchen island or additional cabinets to provide more storage and work room. • Add a backsplash and spruce up drab or dirty-looking kitchen walls near the sink or stove top.
By Shannon Weber
Recuping costs associated with a major addition can be problematic. Home buyers often don’t appreciate how much money was invested in the infrastructure (i.e., wiring and plumbing) that they can’t see. When planning renovations, it’s always wise to consider your neighbourhood. If you add features to your home that your neighbours already have (i.e., a deck), you may enjoy a higher recovery rate. Be careful that you don’t overinvest in your renovations, though. If your project will add value to your home that is too far above comparable homes on your street, you may not get the return for your investment. Plan to make changes that will appeal to the greatest number of potential buyers as possible. For example, a walk-in wine cellar might be a money-losing venture. A bedroom that can be converted to a home office may be a better bet. Invest in materials and changes to your
home that are up-to-date, but not faddish. Strive to create a décor that is modern and tasteful. Neutrals and less intense versions of popular colors are usually appealing to a wide range of potential buyers. Regardless of the type of renovation, poor workmanship will likely reduce the value of your home. Before you renovate, do your homework. Talk to friends who have renovated, consult professionals in the industry and look at magazines and books for ideas. Avoid costly mistakes and enjoy a strong rate of return on your home investment when it comes time to sell. Shannon Weber and her team at In Fine Order Real Estate Staging Services help prepare occupied homes for the market, provide staging consultations and offer rental furniture for vacant show homes. Contact them at 262-1912, email@example.com or by visiting www. infineorder.ca.
Choices, choices, choices...
here are many choices when it comes to our most personal and largest asset. Our home reflects who we are from the street, the foyer or those lucky enough to come in out of the cold for warm conversation and food, the interior. Furniture, accessories, art and lighting are what take a house to a home. Clients are often overwhelmed with all the retail selection that exists here in Saskatoon. Shopping with a pro is fun, fast, efficient and economical! We can decorate it for you and your family or stage it to help potential buyers visualize living in your home. Many builders and homeowners find making all the finishing choices that come with building and/or renovating to be very frustrating. In as little as two to six hours you can see how the space functions and look at samples of counter tops and paint swatches that I bring to every consultation.
Then the shopping starts with you picking out any other materials that need to be chosen for your new space. Funktional Space, a Saskatoon based interior decorating business is owned by Chantelle Butterfield. Chantelle has been working with colour for over fifteen years, taking courses in Boston, C a l g a r y , Edmonton and SIAST with continued education on different design styles, including traditional, contemporary and modern. Chantelle was a professional kitchen designer for over five years before starting her own business three years ago with the main philosophy that everyone’s space is unique, personal and should be both attractive and functional. You can contact Funktional Space Interior Decorating at funktionalspace.com or 227-3008.
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