It is that time of year when home renovations tend to be on the minds of homeowners throughout the country. If you are thinking about making some changes around your property, the timing has never been better. Home renovation lending rates are highly favourable and there are many tangible advantages to updating and refreshing your home. 2020 is a great year to do these things.
Sprucing up your home with some contemporary modifications or additions will not only make it more comfortable to live in, but you will also increase the value of your home on the market. With modern building materials and up-to-date renovation ideas, you are sure to be the talk of the neighbourhood if you choose to renovate now.
Let’s look at some of the specific reasons why home renovations this year will be the best decision you make.
As a homeowner, you always want to make your house as comfortable and functional as possible. Adding new rooms or updated designs to your living areas or kitchen is a good way to make the place feel like it is truly your own. This year, take advantage of the multiple design trends that are increasingly popular to bring new life to your rooms. For example, you can install a functional downdraft cooktop that provides both aesthetics and convenience in the kitchen.
Make It A Safer Place
Modern upgrading is also an effective means of adding more safety features to your home. If it has been some time since you made any renovations, then a quick survey of your existing structure might help you spot some areas that need fixing up. To be even more thorough, you can even hire a professional inspector to look over your home. Be sure to fix up any cracks in your foundation, loose electrical wiring or any leaks in your roof. These minor problems can cause bigger problems and more damage if they are left unfixed.
Renovation season is also a good time to check your interior smoke and carbon monoxide alarms. Remembering to replace the batteries in these will keep you and your family safe throughout the year.
Boost Your Home’s Market Value
One big bonus from making the investment in home renovations is that, if done properly and with an eye to this purpose, you can expect that your home will increase in value. Updated interiors and fixed-up exteriors are more attractive to buyers and you will certainly get a better price if you decide to sell.
If you are thinking about listing your home on the market in the near future, make sure that your renovation projects are not geared towards what you find pleasing. Try to be a bit more objective and ask a professional interior designer for some input on what potential buyers would want to see.
Reduce Your Utility Bills
Investing in home renovations can also help you save money in the long run. If you choose to install energy-efficient appliances and windows, you will be able to reap the benefits of lowered utility bills for years. If you are feeling ambitious, you can also consider installing solar panels to generate electricity directly from a renewable source. While these can be expensive, they will eventually produce free electricity after they have paid for themselves.
Make 2020 Your Renovation Year
The time has never been better to update your home. With all of these potential benefits to reap from making the investment now, it will pay off to explore your renovation options in the upcoming seasons. Survey your home, choose the areas that need updating the most and secure some home renovation funding at a low rate today.