Give yourself some space
Creating more usable space is something you’ll never regret, whether you use it for storage or more living space. “Having a finished basement or attic can be as simple as putting up and painting gyprock and putting down flooring,” says Shayanfekr. The costs will vary greatly depending on the square metreage and materials used, but the Remodeling Impact Report from the National Association of Realtors shares that you’ll generally recoup over 50 percent of costs at sale time.
Replace the roof
Replacing a leaky or worn out roof may not seem like an exciting home improvement with that “wow” impact, but you’ll save in energy costs and prevent mould and moisture from damaging your home. And once the new roof is installed, it acts as the finishing touch to the curb appeal – not to mention, it pays for itself. According to the Remodeling Impact Report from the National Association of Realtors, you’ll recoup 109 percent of the cost of a new roof.
Take it outside
Creating more living space without the breaking the bank is on the wish list of many homeowners, and upgrading your outdoor space is one way to do it. “An outdoor ‘room’ is the second most important room in the house, second to the kitchen,” says Kevin Guzior, vice president of marketing & product development at Pioneer Landscape Centers. For decks, expect to spend an average $9,000 to $24,000, depending on if you use composite or wood, while a concrete patio averages between $2,000 and $12,000 depending on poured pad or pavers used, Guzior says. A deck or patio will add about 80 percent for resale value and hours of enjoyment.
Find out how to turn your backyard into an outdoor room.
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