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January 13, 2012 The rewards of renovating

From a simple touch up to a complete remodeling, home renovations can vary widely. Homeowners have many different reasons for wanting to make changes to their home. Some may wish to fix a problem such as a leaky roof, or offer a room a fresh coat of paint; others may wish to retrofit an older home to make it more energy efficient; and then there are the homeowners who wish to make lifestyle renovations that simply make their property a better and more enjoyable space in which to live.

But no matter the project, there are some significant benefits that apply to every home renovation.

The simple pleasure of a change:

A fresh coat of paint can change the entire look and feel of a room. Now imagine what a new countertop or custom cabinets could do. Just like a new pair of shoes can change the way you walk, an aesthetic change in the home can change the way you live and feel about your home.

Increased market value and equity:

Home improvement projects add value to your home. Painting gives a payback as much as 300 percent. Bathroom remodelling will add comfort to your everyday life and provide a worthy return on investment when reselling.

Savings:

Bringing your doors, windows or appliances into the 21st century can save you energy and money. Installing Energy Star certified doors and windows can reduce a family's energy consumption by up to 7 percent. That's money in your pocket, and it helps the planet breathe a little easier, too.

Make home living more comfortable: A home renovation, big or small, will make life more comfortable in the home you live in. You may reside in an area with access to great parks, restaurants and other amenities. With regular upgrades and maintenance, you can live in and love your home—and neighbourhood—for as long as you like.


http://www.cmhc-schl.gc.ca/en/co/renoho/index.cfm


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