If you are considering a home improvement project, our team at iRemodel Home Renovations has created a guide for you to follow before you start working with your contractor. The following guidelines will help you to establish if you want a project that will add value to your home and will confirm if a home renovation in Toronto is overall worth it for you. Today homeowners are opting against selling their current homes, let’s see why.
What’s the Purpose
When you decide to have a home improvement project completed, it certainly is not cheap. This means understanding the reasons why you don’t want to sell your home is important to know. Maybe you would like to boost your property value? Or make your current home fit the more recent needs of your family? Booking a consultation with the contractor is the best way to see if a home improvement project is worth your time and money.
What’s the Market Value
Before your construction project starts, it’s important to look at the market, even if you are not planning on selling your home. This is because not all home improvement projects will increase the value of your home. Although if your goal is to increase the value, it would be important to upgrade structural defects then to renovate to suit your own needs.
What’s the Budget
Before you make any commitments to a contractor, it’s important to sit down and reflect on your finances to see what’s possible. Although contractors can have great ideas, it’s important to see if they are affordable options for you. It’s important to spend your money wisely and choose solutions that provide maximum returns.
What’s the Geographical Location
If one of your goals is to upgrade your home to improve its market value, it’s important to conduct research and see which upgrades will give you the most return. If you live in a cold region, odds are that adding a pool in your yard will not add nearly as much value as you put into it.
Government Grants Considerations
This type of research is critical to complete before your project begins. This is simply because if you see what type of grants your local governments have, you may be entitled to money back. This includes replacing an old toilet with a water-saving one; the City of Toronto will give you a rebate of $75 on each toilet. Checking grants and rebates is an essential step of the home improvement process.
How We Can Help You Add Value
If you are considering a home improvement project or a kitchen renovation, it’s best to call in the professionals here at iRemodel Home Renovations. This is because our team can help you at every point of this checklist and even make renovation recommendations to you to help add value. Some of which include upgrades with plumbing, kitchens, bathrooms, painting the walls, insulation, or adding a patio. To get a consultation from our team, give us a call at (416) 825-2542 today!