As our housing market continues to grow - many see Vancouver Island as a gold mine for real estate investment. Although Vancouver's housing bubble might influence prices on our Island, still - land, homes, and commercial buildings are purchases that will yield high returns in the long-term. And, for as many people that are looking to invest in this market for profit, there are equally as many looking to relocate to the most temperate climate in the country. For this reason - it is great to keep resale in mind when looking to renovate. To help you with this our experts would like you keep the following things in mind:
What are your site advantages?
Does your property have a great view? An old growth rain forest in your backyard, or a little stream flowing nearby? No matter what the site advantages are - it is important to make sure they are not ignored! When looking to renovate, try to focus on how you can fully take advantage of your site's unique selling points. If there is one thing that Mark Hanna and his crew are most highly reputed for, it is the ability to harness all these advantages into a high quality end product with high resale value!
Viability of existing structure - what can be extended?
Most of the original Vancouver Island structures unfortunately come with interesting design and engineering styles - that are not necessarily popular today. Take a look at the viability of your existing structure, the load bearing walls, and the interior floor plan. In today's market - people are looking for clean lines and open spaces - so when it comes to walls in the living space less is definitely more.
However, when it comes to square footage, the more the better! So while you look at opening up the internal living space, also pay attention to where you can extend the space you currently have.
If it's cool - reuse it!
Nothing screams authentic, unique and amazing - more than reclaimed pieces of the original structure. Find a way to integrate some of the original wood, or parts of the home that you love the most before beginning your renovation. At Hanna Construction we have a keen eye for unique features and will certainly point out how you can highlight them through your renovation. Don't hesitate to contact us today!