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Protect your renovation investment

4 ways to protect your renovation investment

Your decision for renovation may be driven by your lifestyle and a personal desire to upgrade. Your home might be the most valuable asset you own. Renovation is an opportunity to protect your investment, and enhance the value of your home. Here are 4 ways to protect your renovation investment:

1. Neighbourhood Compatibility – Renovating your home to include features that are common in your neighbourhood will increase its value. It’s good to bring your home up to par with others nearby—but you don’t want your renovations to make your home the most expensive on the street.
2. Good Design – A well-designed renovation will add greater appeal and value to your home. Spatial considerations are key which include traffic flow, visual flow from one area to another, size of rooms and ease of furnishing them, integrating new construction seamlessly with the existing home.
3. Doing it Right – There is no substitute for quality work to protect your investment. Hire a professional general contractor who has the appropriate experience and the skills for your project and the work will be done right.
4. Green Renovations – Increasing the energy and water-use efficiency of your home has both immediate and long-term pay-offs. You will start saving money on your utility bills as soon as the new systems have been installed. By “greening” your home, you will also increase its value because today’s marketplace puts a premium on energy-efficient homes.