Top 5 Home Renovation Projects in Canada in 2021
Considering renovating your home or cottage in Peterborough or Kawartha Lakes? Here are the top five home renovation projects Canadians planned to do in 2021.
As home prices continue to skyrocket across Canada, many Peterborough and Kawartha Lakes residents are opting to renovate. For some, they are renovating in preparation of selling, while others plan to stay and enjoy their updated living space.
Below, are the top five home renovation categories Canadians had planned for 2021, according to Statista.
Outdoor Home renovations
When we think of home renovations, indoor living spaces often come to mind. But in the past year 54% of Canadians planned to renovate their outdoor space. That’s more than half of the Canadian homeowners that were surveyed.
From decks, and patios to hot tubs and pools, Canadians have been busy creating outdoor living spaces for their personal enjoyment and to entertain family and friends.
Historically, we’ve treated our homes and the outdoors as two separate spaces, but creating a seamless transition from indoor to outdoor living has become more popular in recent years. Connecting your home or cottage to the surrounding nature is a great way to enjoy all that your property has to offer, and can be a great selling feature.
Historically, bathrooms have been one of the most popular home renovation projects. And this year is no different as 32% of Canadian homeowners plan to renovate a bathroom.
From five-piece ensuites to two-piece powder rooms, Canadians will renovate bathrooms of all shapes and sizes.
Bathroom renovations are popular for two reasons. First, bathrooms are one of the few rooms in our home we use throughout the day, everyday. Second, bathroom renovations tend to be a safe investment for resale.
With the amount of time we spend in our kitchens, it should be no surprise that 23% of Canadian homeowners plan to renovate their kitchen this year.
Like bathrooms, kitchens are one of the few rooms in our home that we use everyday. However, unlike bathrooms, kitchens tend to be gathering spaces.
Kitchens are no longer an area of the home that are walled off from guests, they’re a focal point of our homes. Today’s home designs often incorporate the kitchen as part of an open concept living area - designed for social gatherings.
Kitchen renovations are very popular in towns and cities with a large portion of older homes, such as Peterborough County and Kawartha Lakes. These home owners aren’t just upgrading their kitchen cabinets, they’re knocking down walls to open their kitchen up to the rest of the home.
While basements are not common throughout the world, they are in Canada. And 17% of Canadian homeowners plan to renovate their basement this year.
Renovating an unfinished or outdated basement is a popular and affordable way to add extra living space to your home or cottage.
The added square footage you get from finishing your basement can be a great way to accommodate children that aren’t ready to leave the nest - or need to move back to the nest - and/or parents that are looking to downsize their home.
Whether you are planning to move or stay put, renovating your basement is a great way to improve your home or cottage.
Last on the list is appliance upgrades. 12% of Canadian homeowners plan to upgrade their appliances.
While upgrading your appliances may not be your typical home renovation, it’s an investment that can transform the way your space looks and functions.
Ready to Renovate your Peterborough or Kawartha Lakes home or Cottage?
Thinking of renovating your home or cottage in Peterborough or Kawartha Lakes? Contact Spotlight Home and Lifestyle. We’ve been building and renovating homes and cottages in Peterborough hand Kawartha Lakes for since 2008. Request a home renovation consultation online now.