Thinking of making some renovations on your home next year? You are not alone. According to Statista, home improvement industry sales in Canada are expected to hit 56.3 billion dollars in 2022.
The beginning of a new year is a great time to plan renovations that could add value, reduce your costs, and generally make the home a better space to live. In recent months, the coronavirus pandemic has continued to shape the trends in the remodeling industry. For example, there has been a growing interest in outdoor entertainment areas and open living spaces.
So, what other home improvements could you consider going forward?
Accessory dwelling units (ADU)
An accessory dwelling unit (ADU) is a smaller, individual residential unit situated on the same grounds as a stand-alone single-family house. Ranging in size from between 500 to 1,200 square feet, ADUs are also called granny flats, secondary suites, accessory apartments, or backyard cottages. Adding a second unit is ideal for any homeowner that wants to make extra rental income or provide independent living for a relative. However, be sure to check Ontario’s laws and regulations before spending money to design an ADU.
Track lighting allows you to place light exactly where you need it and brighten the area. This could be focused on objects, countertops, or even walls. The small halogen lights produce a dazzling light that irradiates colors brilliantly. The good news is that the price of track lighting has fallen significantly in recent years. And the system usually works with any standard household voltage. Check manufacturer's websites to see all the options available.
Many homeowners are turning to propane as an alternative fuel source. Propane is safe, clean, environmental-friendly and cheaper than electricity. It can be used for home heating, gas cooking, pool heating, stoves, fireplaces, ovens, and firepits. A quick Google search will reveal several propane gas distribution companies in Ontario.
Does your home have a basement that has been neglected? You might want to consider converting this space into a habitable room. The basement can be used as a bathroom, bedroom, home gym, playroom, games room, study, entertainment room, or home recording studio. However, before proceeding with a basement renovation, be sure to determine whether or not approval is required from the local authority.
The options for home improvement are numerous. Ultimately, your choice will be determined by your needs as well as your budget. If you need professional guidance for home improvement, consult Regalway Homes.