5 reason to renovate in 2018
It’s time to renovate in 2018
A New Year brings with it, new reasons to renovate. 2018 is going to be your year! Out with the old and in with the new. Perhaps it’s finally time to get rid of that kitchen you hate? Planning on growing your family or even wanting to create an extra income in 2018? Check out our top 5 reasons why you should renovate in 2018!
Avoid the costs of moving
House prices in the lower mainland keep going up, meaning many of us are unable to afford to move. According The British Columbia Real Estate Association sales will be down in 2018, but not prices. Avoid the heavy cost of moving by renovating your home to suit your needs. Renovating to add a bedroom, kitchen extension or even an extra floor may cost far less than buying a new property, particularly if sales will be down in 2018.
Increase your income
Not looking to sell anytime soon? Have you thought about your rental potential? If you can rent a portion of your home or even your whole home, a renovation will ensure you can demand higher rental rates. Add a basement suite, renovate a current rental suite and by doing this, you can add to your current income with little ongoing work.
Increase the value of your home
“the average residential price in the province is forecast to increase 3.1 per cent this year, and a further 4.6 per cent next year, to $745,300” (The British Columbia Real Estate Association.) Don’t sell your home as it is. Invest in a renovation and add huge profits. With the prices forecast to stay high and grow, it makes sense to make the most of the property you currently have. It’s known that many properties around Vancouver are not worth as much as the land they are built on. Improve your property value and when you sell, you will be getting maximum profit from your property and it’s location.
Restore character to your home
Vancouver has a huge number of dated homes with character. It’s so special to be able to restore these homes while providing the mod cons required for life in 2018. A modern twist on a classic building looks so chic and is really desirable, particularly as older properties tent to be larger. We just finished a loft renovation in an old candy factory. The home now looks sleek and morden while in keeping with the classic features.
When you walk through your front door you should feel proud of the place you live in. Looking around your home are you happy with the style, fixtures and fittings? Many of us live in homes which remain the same way there were when we brought them. Inject some personal style and substance. Reward yourself in 2018 by organizing a renovation, and create the home of your dreams.