Smart renovations add value to your home
(NC)— Every homeowner has been told that renovations pay off in the long run. But it is hard to know which ones and how much. In recent years real estate giants have been crunching the numbers and working out formulas to help property owners wrap their heads around what they're getting out of their renovation investments.
Amongst such smart reno investments as kitchens, bathrooms, fresh paint and flooring is the installation of a fireplace. According to the Remax Return on Reno Index, the installation of a fireplace generates an estimated 11 percent return on investment.
Advancements in flame technology and auxiliary heating have made incorporating a fireplace into any dwelling an easily, viable option. Dimplex, an innovative leader in this field, tells us that electric units offer realistic flame technology to give your home a quick update. With a sleek design and optional heat output, these units operate for pennies an hour, without the need for a gas line. Utilizing electric units in design and reno planning also allows for greater flexibility in room placement and does not require a builder permit or a post-installation inspection.
Smart realistic flame technology is offered in an array of décor-friendly styles from mantels and wall-mounts to television console units. The added benefit of on/off heat control lets owners utilize the flame-only option to add ambiance to a room in any season, with or without heat output. Perhaps, one of the most appealing aspects of an electric unit is its easy installation, the simple assembly and plug-and-play design allows for easy set-up.
In addition to fireplaces, other big impact renovations included the installation of a soaker bath, which can generate a 56 percent greater return on investment than the average renovation (think personal spa); fresh paint generated a 29 percent return; and sprucing up curb appeal netted 7 percent.
Word count 312
Articles are provided free of charge. Articles appearing on web sites, must credit www.newscanada.com. Articles appearing in Print, must credit News Canada with (NC) at beginning of an article or – News Canada at the end. Any source/sponsor of the information quoted in the text must also be identified as presented. Images are only to be used with corresponding editorial copy. Usage of News Canada articles constitutes your acceptance of these terms and an agreement between you and News Canada.
Image Instructions - Note: Illegal to use without News Canada editorial.
To open/download image(s) used in this article, please click the following links:Click here for image file: «78950H.jpg»