Millions of homeowners decide to renovate every year, and this popular trend can add value, comfort and style to any home. While proceeding with your reno plans is smart, the experts have some recommendations when it comes to going about them the right way and getting the most bang for your buck.

Renovate for the Long Term

Plenty of homeowners consider trendy and fun alternatives when renovating their homes, but to get a real return on your investment (ROI), renovate for the long run. Choose neutral colors, classic finishes and materials like granite, hardwood or ceramic tile that will always be in fashion. This not only helps to ensure that renovating your chosen room again in another five to ten years will not be necessary, but it also enhances resale value by increasing your home’s appeal to a variety of potential buyers.

Remember the Importance of Things You Cannot See

While renovating your bathroom or remodeling your kitchen certainly is fun, sometimes the more important renovations come in the form of things you are not looking at every day. Consider spending your reno dollars on replacing the roof, adding a high efficiency air conditioning unit or replacing outdated insulation with spray foam insulation. While none of these renovations will add beauty to your home, they will make your family more comfortable and save you money in the long run.

Think Small

Sometimes the least expensive renovations are the ones that have the biggest impact. If you are short on budget, painting a few walls or refinishing your kitchen cabinets can bring life to your home and offer a large ROI. Changing out light fixtures, adding decorative accent pieces to a room and removing outdated carpeting and refinishing the floors underneath are other great options to consider when you are in need of a change but your remodeling budget is small.

Energy Efficient Renovations

While you are making your renovation selections, remember the value of choosing energy efficient options. Appliances, insulation and HVAC units all have ratings that give you a snapshot of how much energy the unit consumes and how much money you can save by choosing it. Because these items directly impact the bottom line via your monthly utility bills, they have an excellent ROI and are important to consider and choose carefully.

Budget Wisely

Regardless of the size or scope of your renovation, consider this tip before you ever lift a hammer or call a contractor. Realizing and reviewing the true cost of your construction project will save you a lot of time and hassle down the road. You can also save money and see a higher ROI when you budget appropriately and take the time to search out the most cost effective reno options. A well planned budget includes the cost of materials, supplies, sub-contractors, inspection fees and a contingency to cover any unexpected costs. If you are unsure of how to develop an accurate renovation budget, consult with a expert before starting your project.

Hire a Professional

Finally, hire a general contracting professional. This person can help you to access better costs on materials and sub-contractors and achieve your dreams for less. To get the best return on investment for your renovation, look for someone who helps you to stay on top of your budget by delivering 100-percent transparency and excellent communication. The professionals at Alair Homes Toronto deliver a better renovation experience and a higher return on your investment with our local general contracting teams. Contact us for a free, no obligation consultation.