5 Renovation Ideas to Increase Your Home’s Value in Ontario

5 Renovation Ideas to Increase Your Home’s Value in Ontario

Read time: 17 min

May 14, 2023

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As a leader in the construction and renovation industry, Lasting Oak Company is committed to providing high-quality services to our clients across Canada.

Introduction :

 

From small-scale renovations to large commercial construction projects, we understand the importance of delivering projects on-time, on-budget, and to the highest standards of quality.

In this article, we will explore some of the latest trends and developments in the construction and renovation industry in Canada.

Whether you’re a homeowner planning a renovation or a business owner looking to build a new facility, we hope that the insights and information provided in this article will help you stay informed and make informed decisions about your construction and renovation projects.

Kitchen renovation

Here are five renovation ideas that can increase your home’s value in Ontario:

      Kitchen renovation: The kitchen is often considered the heart of the home, and a renovated kitchen can add significant value to your property. Consider upgrading to modern, energy-efficient appliances, replacing worn-out countertops with stone or quartz, and adding new cabinetry to improve storage and functionality.

 

What are Kitchen renovation? and what kind of changes can be made in its renovation

Kitchen renovation involves upgrading or remodeling the existing kitchen space to make it more functional, efficient, and aesthetically pleasing. It can range from minor upgrades to a full-scale renovation that involves a complete overhaul of the space.

 

Here are some common changes that can be made in a kitchen renovation:

 

  • Upgrading appliances: Installing new energy-efficient appliances, such as a refrigerator, dishwasher, and stove, can improve the kitchen’s functionality and save energy costs.
  • Replacing countertops: Replacing old countertops with modern materials such as granite, marble, or quartz can enhance the kitchen’s appearance and durability.
  • Updating cabinets: Replacing or refacing old, outdated cabinets can give the kitchen a fresh look and add storage space.
  • Adding an island: Adding a kitchen island can provide additional countertop space, storage, and seating.

Adding a kitchen island can provide additional countertop space, storage, and seating.

  • Changing the layout: Changing the layout of the kitchen can improve its functionality and flow. For example, opening up walls to create an open concept kitchen or moving the sink and stove to improve the work triangle.
  • Improving lighting: Upgrading lighting fixtures and adding task lighting can improve visibility and enhance the kitchen’s ambiance.

 

Overall, a minor kitchen renovation can cost anywhere from $10,000 to $30,000, while a major renovation can cost upwards of $50,000. It’s important to set a budget before beginning any renovation project and work with a professional to ensure that the project stays within your financial constraints.

  • Flooring: Replacing old flooring with new materials such as tile, hardwood, or laminate can add beauty and durability to the kitchen.

Overall, a kitchen renovation can significantly increase the value of your home and improve your daily quality of life by creating a more functional and aesthetically pleasing space.

 

What is the cost of these types of changes in kitchen renovation?

 

The cost of a kitchen renovation can vary greatly depending on the extent of the changes made, the materials used, and the location of the property. Here is a breakdown of the average cost of some common kitchen renovation changes:

 

Upgrading appliances: The cost of upgrading appliances can range from a few thousand dollars to upwards of $10,000, depending on the brand and features chosen.

 

Replacing countertops: The cost of replacing countertops can range from $50 to $250 per square foot, depending on the material chosen.

 

Updating cabinets: The cost of updating cabinets can range from $1,500 to $15,000, depending on the size of the kitchen and the materials chosen.

 

Adding an island: The cost of adding an island can range from $1,000 to $10,000, depending on the size and materials chosen.

 

Changing the layout: The cost of changing the layout of the kitchen can range from a few thousand dollars to upwards of $50,000, depending on the extent of the changes and whether any walls need to be removed.

 Improving lighting: The cost of improving lighting can range from a few hundred dollars to several thousand, depending on the type and number of fixtures installed.

Flooring: The cost of replacing flooring can range from $2 to $20 per square foot, depending on the material chosen.

 

Overall, a minor kitchen renovation can cost anywhere from $10,000 to $30,000, while a major renovation can cost upwards of $50,000. It’s important to set a budget before beginning any renovation project and work with a professional to ensure that the project stays within your financial constraints.

Bathroom renovation: Upgrading your bathroom can also add value to your home. Consider installing new fixtures, replacing the bathtub or shower, and upgrading the vanity and sink. Adding a second bathroom or converting an underutilized space into a bathroom can also be a smart investment.

What are Bathroom renovation renovation? and what kind of changes can be made in its renovation

Bathroom renovation involves upgrading or remodeling the existing bathroom space to make it more functional, efficient, and aesthetically pleasing. It can range from minor upgrades to a full-scale renovation that involves a complete overhaul of the space.

 

Here are some common changes that can be made in a bathroom renovation:

 

  • Updating fixtures: Replacing outdated fixtures such as faucets, showerheads, and toilets can enhance the bathroom’s appearance and improve its functionality.
  • Replacing or refinishing the bathtub or shower: Installing a new bathtub or shower, or refinishing an existing one, can improve the bathroom’s functionality and aesthetic appeal.
  • Changing the layout: Changing the layout of the bathroom can improve its functionality and flow. For example, moving the shower or toilet to create more space.
  • Replacing or refacing cabinets: Installing new cabinets or refacing existing ones can improve the bathroom’s storage and enhance its appearance.
  • Upgrading lighting: Upgrading lighting fixtures and adding task lighting can improve visibility and enhance the bathroom’s ambiance.
  • Changing the flooring: Replacing old flooring with new materials such as tile, hardwood, or vinyl can add beauty and durability to the bathroom.
  • Installing new countertops: Installing new countertops can improve the bathroom’s appearance and provide additional storage space.

Overall, a bathroom renovation can significantly increase the value of your home and improve your daily quality of life by creating a more functional and aesthetically pleasing space.

 

What is the cost of these types of changes in bathroom renovation?

The cost of a bathroom renovation can vary greatly depending on the extent of the changes made, the materials used, and the location of the property. Here is a breakdown of the average cost of some common bathroom renovation changes:

 

Updating fixtures: The cost of updating fixtures can range from a few hundred dollars to several thousand, depending on the brand and features chosen.

Replacing or refinishing the bathtub or shower: The cost of replacing or refinishing a bathtub or shower can range from a few hundred dollars to several thousand, depending on the material and complexity of the project.

Changing the layout: The cost of changing the layout of the bathroom can range from a few thousand dollars to upwards of $20,000, depending on the extent of the changes and whether any walls need to be removed.

Replacing or refacing cabinets: The cost of replacing or refacing cabinets can range from a few hundred to several thousand dollars, depending on the size of the bathroom and the materials chosen.

Upgrading lighting: The cost of upgrading lighting can range from a few hundred to several thousand dollars, depending on the type and number of fixtures installed.

  Changing the flooring: The cost of changing the flooring can range from $3 to $25 per square foot, depending on the material chosen.

Installing new countertops: The cost of installing new countertops can range from a few hundred to several thousand dollars, depending on the material and size of the countertop.

Overall, a minor bathroom renovation can cost anywhere from $5,000 to $15,000, while a major renovation can cost upwards of $30,000. It’s important to set a budget before beginning any renovation project and work with a professional to ensure that the project stays within your financial constraints.

Adding a deck or patio: Adding outdoor living space is becoming increasingly popular among homeowners in Ontario. A well-designed deck or patio can not only increase your home’s value but also enhance your lifestyle. Consider using durable materials such as composite decking or stone pavers for longevity and low maintenance.

 

What are Adding a deck or patio renovation? and what kind of changes can be made in its renovation

Adding a deck or patio renovation involves constructing an outdoor space that can be used for entertaining, dining, or relaxation. A deck or patio can be an excellent addition to any home, providing an outdoor living space for family and friends to enjoy.

 

Here are some common changes that can be made in a deck or patio renovation:

 

  • Building a new deck or patio: Constructing a new deck or patio involves building a platform, typically made of wood or composite materials, to create an outdoor living space.
  • Adding outdoor lighting: Adding lighting to a deck or patio can enhance the space’s ambiance and make it usable at night.
  • Installing a pergola or awning: Installing a pergola or awning can provide shade and protection from the elements, making the outdoor space more functional and comfortable.
  • Adding built-in seating: Building benches or seating areas into the deck or patio can provide ample seating for guests and create a more comfortable outdoor living space.
  • Installing outdoor kitchens: Installing an outdoor kitchen can enhance the outdoor living experience by providing a space to cook and entertain guests.
  • Installing a fire pit or outdoor fireplace: Installing a fire pit or outdoor fireplace can create a cozy ambiance and make the outdoor space usable during cooler months.
  • Adding landscaping: Adding landscaping elements, such as plants, trees, and hardscaping features, can enhance the aesthetics of the outdoor living space and create a more natural feel.

Overall, a deck or patio renovation can significantly increase the value of your home and provide a functional and enjoyable outdoor living space for years to come.

 

What is the cost of these types of changes in bathroom renovation?

The cost of a bathroom renovation can vary greatly depending on the extent of the changes made, the materials used, and the location of the property. Here is a breakdown of the average cost of some common bathroom renovation changes:

 

Updating fixtures: The cost of updating fixtures can range from a few hundred dollars to several thousand, depending on the brand and features chosen.

Replacing or refinishing the bathtub or shower: The cost of replacing or refinishing a bathtub or shower can range from a few hundred dollars to several thousand, depending on the material and complexity of the project.

Changing the layout: The cost of changing the layout of the bathroom can range from a few thousand dollars to upwards of $20,000, depending on the extent of the changes and whether any walls need to be removed.

Replacing or refacing cabinets: The cost of replacing or refacing cabinets can range from a few hundred to several thousand dollars, depending on the size of the bathroom and the materials chosen.

Upgrading lighting: The cost of upgrading lighting can range from a few hundred to several thousand dollars, depending on the type and number of fixtures installed.

Changing the flooring: The cost of changing the flooring can range from $3 to $25 per square foot, depending on the material chosen.

Installing new countertops: The cost of installing new countertops can range from a few hundred to several thousand dollars, depending on the material and size of the countertop.

Overall, a minor bathroom renovation can cost anywhere from $5,000 to $15,000, while a major renovation can cost upwards of $30,000. It’s important to set a budget before beginning any renovation project and work with a professional to ensure that the project stays within your financial constraints.

Basement finishing: If you have an unfinished basement, finishing it can add valuable living space to your home. Consider creating a recreational room, home gym, or extra bedroom. A finished basement can also increase your home’s energy efficiency by adding insulation and improving ventilation.

 

What are Adding a Basement finishing renovation? and what kind of changes can be made in its renovation

Adding a basement finishing renovation involves transforming an unfinished basement into a functional living space. This can provide additional living space for a family or increase the value of a home by creating a new usable space.

 

Here are some common changes that can be made in a basement finishing renovation:

 

  • Adding walls: Adding walls to an unfinished basement can create separate rooms or areas for various uses, such as a bedroom, bathroom, or recreational space.
  • Installing flooring: Installing flooring in a basement can make the space more comfortable and inviting. Common flooring options for basements include carpet, vinyl, tile, and laminate.
  • Adding lighting: Adding lighting to a finished basement can create a welcoming and functional space. Options for lighting include recessed lighting, track lighting, and pendant lights.
  • Installing heating and cooling systems: Installing a heating and cooling system in a finished basement can make the space comfortable year-round. Options include radiant heating, HVAC systems, and space heaters.
  • Adding storage: Adding storage to a finished basement can increase the functionality of the space. Options for storage include built-in shelving, closets, and cabinets.
  • Installing a bathroom: Installing a bathroom in a finished basement can increase the convenience and functionality of the space.
  • Creating an entertainment space: Creating an entertainment space in a finished basement can provide a place for family and friends to gather for movies, games, or other activities. Options include installing a home theater, adding a bar or game room, or creating a lounge area.

Overall, a basement finishing renovation can provide additional living space and increase the value of a home. The cost of a basement finishing renovation can vary widely depending on the scope of the project, the materials used, and the size of the space. It’s important to work with a professional to create a plan that fits within your budget and meets your needs.

 

What is the cost of these types of changes in Adding a Basement finishing renovation?

The cost of adding a basement finishing renovation can vary widely depending on the scope of the project, the materials used, and the size of the space. Here are some factors that can influence the cost of a basement finishing renovation:

Size of the basement: The larger the basement, the more materials and labor will be required, which can increase the overall cost of the project.

Type of renovation: The cost of a basement finishing renovation can vary widely depending on the type of renovation, such as creating a basic living space versus a more elaborate entertainment area.

Materials used: The cost of materials can vary depending on the quality and type of materials used. For example, installing high-end flooring or countertops will be more expensive than using basic materials.

Plumbing and electrical work: If a bathroom or kitchen is being added, plumbing and electrical work will be required, which can increase the cost of the project.

 Labor costs: The cost of labor can vary depending on the experience level of the contractor, the location, and the complexity of the project.

 

Based on these factors, the cost of a basement finishing renovation can range from $10,000 to $50,000 or more. A basic renovation that includes framing, insulation, drywall, flooring, and basic lighting and electrical work can cost around $10,000 to $20,000. A more elaborate renovation that includes a bathroom or kitchen, high-end finishes, and custom features can cost $30,000 to $50,000 or more.

It’s important to work with a professional to create a plan that fits within your budget and meets your needs. A professional can provide a detailed estimate based on your specific project requirements.

 

Landscaping: First impressions matter, and the exterior of your home is the first thing potential buyers see. Improving your home’s curb appeal by investing in landscaping can increase its value. Consider planting low-maintenance shrubs and flowers, installing landscape lighting, and adding features such as a stone walkway or fountain.

 

What are Landscaping renovation? and what kind of changes can be made in its renovation

Landscaping renovation involves making changes to the outdoor area of a property to enhance its aesthetic appeal and functionality. Here are some common changes that can be made in a landscaping renovation:

 

  • Installing a patio or deck: Installing a patio or deck can create an outdoor living space for relaxing or entertaining guests.
  • Adding plants and flowers: Adding plants and flowers can enhance the beauty of a property and add color to the outdoor space.
  • Installing an irrigation system: Installing an irrigation system can ensure that plants and grass receive the appropriate amount of water and stay healthy.
  • Adding lighting: Adding lighting to a property can increase its curb appeal and create a welcoming ambiance.
  • Installing retaining walls or walkways: Installing retaining walls or walkways can create a more functional and attractive outdoor space.
  • Creating a garden: Creating a garden can provide fresh produce or flowers and add beauty to the property.
  • Installing a water feature: Installing a water feature, such as a pond or fountain, can add visual interest and create a peaceful ambiance.

Overall, landscaping renovation can enhance the beauty and functionality of a property. The cost of a landscaping renovation can vary widely depending on the scope of the project, the materials used, and the size of the property. It’s important to work with a professional to create a plan that fits within your budget and meets your needs.

 

What is the cost of these types of changes in Landscaping renovation?

What is the cost of these types of changes in Landscaping renovation?

The cost of a landscaping renovation can vary widely depending on the scope of the project, the materials used, and the size of the property. Here are some factors that can influence the cost of a landscaping renovation:

 

Size of the property: The larger the property, the more materials and labor will be required, which can increase the overall cost of the project.

Type of landscaping: The cost of a landscaping renovation can vary widely depending on the type of landscaping, such as installing a patio versus creating a garden.

Materials used: The cost of materials can vary depending on the quality and type of materials used. For example, using high-end stone or wood for a patio or deck will be more expensive than using basic materials.

Labor costs: The cost of labor can vary depending on the experience level of the contractor, the location, and the complexity of the project.

Based on these factors, the cost of a landscaping renovation can range from a few thousand dollars to tens of thousands of dollars or more. For example, installing a basic patio or deck can cost around $2,000 to $5,000, while creating an elaborate garden or water feature can cost $10,000 to $50,000 or more.

It’s important to work with a professional to create a plan that fits within your budget and meets your needs. A professional can provide a detailed estimate based on your specific project requirements.

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