BC New Home and Condo Guide - Apr 29, 2016

Page 72

Advice | VALUE ADDED

These home upgrades are your best return on investment High 100%

By John-Luke Sahlani

Kitchen renovation Bathroom renovation

MORE ADVICE ONLINE ypnexthome.ca/news/advice Exterior paint UPGRADING YOUR HOME IS, without

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Basement renovation Construct a garage Recreation room Fireplace installation Flooring upgrade

RETURN ON INVESTMENT

doubt, an endeavour undertaken with the intention of producing a higher standard of living for yourself and your family. This process is always an exhilarating and creative one that allows you to customize your living space into exactly what you dreamed of. As you review the countless home magazines and home style blogs, the choices will start to pile up leaving you with a long list of options that you can include in your build that may seem appealing at the outset. These items may include several cool and innovative features and products that appeal to the average home or condo owner due to the instant gratification of enjoying such an item. Unfortunately, these are not always value-based upgrades for the build. Instead, these upgrades focus on the final finish as opposed to the addition of another desirable feature or best practice construction. In order to avoid losing sight of value in the whirlwind of selections and upgrades, check the accompanying list of home improvements, based on return on investment. Keep these returns in mind as they can help you start with a solid base when completing investment projects. At resale, for example, the difference in the quality of your selection can be quickly recognized and reflected in the final sale price.

Interior paint

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Windows & door replacement Garage construction

Heating system upgrade

Central air installation

Interlocking brick walkways

Roof shingle replacement

Home theatre

Deck building

Building a fence

Paving with concrete

Paving with asphalt

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Landscaping

25 Skylight installation Swimming pool Whirlpool tub installation

Low These figures represent the typical return on invest for different areas of your home and despite being very simple, can lend a good train of thought when completing your next home improvement project:

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John-Luke Sahlani is the owner/operator of Sensus Design and Build. With a wealth of experience as a professional project manager his expertise and professional advice add value to any home or condo through upgrades and renovation. Sensus Design & Build sensusdesignbuild.ca


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