As we move further into 2022, finding ways to increase the value of your home has become increasingly important. Whether you are planning to sell in the near future or are looking to get the most out of your current investment, renovations can be an extremely powerful way to add value to your property. While the options may seem overwhelming, we want to share with you 5 ways that you can increase your home’s value this year!

The municipality of Clarington’s website defines Additional Dwelling Units (ADUs) are self-contained residential units with a private kitchen, bathroom facilities and sleeping areas within homes or accessory structures. They are also known as secondary suites, in-law suites, in-house apartments, and basement apartments.

ADUs are a fantastic way to add value to your home while also providing extra living space or rental income. If you have the available land, adding an ADU can be a wise investment that will pay off in the long run.

While many people focus on the exterior of their homes, it’s important to remember that the interior is just as important (if not more so) when it comes to value. If your home needs a facelift, consider investing in an interior remodel. This could include anything from a simple paint job to a complete tear down and rebuilt of a space. Bathroom and kitchen design trends come and go, suiting some more than others. Therefore, when moving into a new place, the most common spaces in need of an update will be the former.

Typically, when completing a kitchen or bathroom remodel, you can anticipate recovering most, if not all, of your investment. Kitchen remodels can be costly, but according to Remax.ca, kitchen renovations have the best return on investment, typically garnering a 75-100% return. Bathroom renovations, when done well, have a ROI of 62%, on average.

Who doesn’t love the idea of having extra storage? One of the most common complaints among homeowners is a lack of storage. This can be remedied in a number of ways, but one of the most popular (and effective) is to simply add more storage. This could be as simple as adding shelves in the garage or closets throughout the house. If you have the space and budget, you could even add a shed or detached garage. Not only will this make your home more livable, but it will also be appealing to potential buyers down the road.

When it comes to home value, first impressions matter. If you’re looking to increase the curb appeal of your property, consider investing in your outdoor space. This could involve anything from a simple landscaping project to a complete overhaul of your yard. No matter what route you decide to take, remember that even minor changes can have a substantial impact. Covid took an enormous toll on people, especially on those who didn’t have a space to catch a little bit of sun while in quarantine or lockdown. “I think this is something buyers will continue to prioritize when looking for a new home. As we continue to navigate this new normal, it is valuable to have these spaces to be able to safely gather with loved ones,” interior designer Jennifer Hunter told Amanda Lauren, Forbes.

One of SJOC’s goals is to create spaces that can adapt to your lifestyle and change with you when needed. Multipurpose spaces give flexibility and increase the appeal of a home was potential buyers can envision their own uses for the space. Maybe you have a home office with a pullout couch that doubles as a guest suite when you have visitors or a garage that doubles as a gym space. Possibilities are endless!

Regardless of the improvements that you decide to make, SJOC is prepared to provide advice and guide you in every step of the way to maximize return of investment.