Renovations with Potential to Increase Value

1. Renovations with
Potential to Increase
Value

2. Renovations
with Potential
to Increase
Value
 As owner of Markright Contracting, Mark Van Dop manages
upmarket renovations in and around Vancouver, British Columbia.
Mark Van Dop comes to his role with extensive construction
experience, a knowledge of real estate valuation, and a love of the
design process.

3. Renovations
with Potential
to Increase
Value
 Homeowners seeking to add value to their homes can start
confidently with a kitchen or bathroom overhaul. While it can be a
big project, adding a bathroom to a home that only has one can
add a value of approximately 80 to 130 percent of the project
costs.

4. Renovations
with Potential
to Increase
Value
 A kitchen remodel can pay for 60 to 120 percent of itself. Deluxe
kitchens can be the exception to the rule, depending on the overall
home size and location. Homebuyers may be unimpressed by an
opulent kitchen with luxury features if it seems out-of-place in the
house or neighborhood.

5. Renovations
with Potential
to Increase
Value
 Energy-efficient improvements also tend to add value to the
home, both in the short and the long term. Adding Energy Star
windows may qualify for tax incentives and could lead to $500 per
year in energy bill reductions. Homeowners can also save energy
and make a home more attractive by sealing leaks, adding attic
insulation, and checking for areas that need additional wall
insulation.