Home renos in BC spike during COVID-19, though some regret their choices

·2 min read

While many people around the province have been at home under self-isolation as a result of the COVID-19 pandemic, homeowners decided they had been given the perfect opportunity to perform some long-awaited home renovations.

However, BC Hydro conducted a study which found that about 20% of BC homeowners regretted their renovation choices because they chose on style over substance, focusing on aesthetics instead of increasing their home’s value.

The report, titled ‘Room for Improvement: why British Columbians are experiencing renovation regret after making home upgrades’, found that over half of British Columbians have completed a home reno since the pandemic began. Major motivators were improving aesthetics (35%), increasing comfort (29%), increasing energy efficiency (10%), and having the time to complete the projects (10%).

Although many reported being happy with their renovations, many, particularly those who did the work themselves, said that they would do things differently if given the chance.

“When it comes to past decisions, B.C. homeowners’ top regrets include bathroom and kitchen renos followed by flooring changes,” reads the report.

“At the root of these regrets, was the wish they had used different products, spent more time planning or invested the money to do the renovation they really wanted.”

About 60% of BC homeowners believe that a change that increases aesthetics will increase the resale value of their home, however, these changes do not necessarily increase or maintain the long-term value of a home. Maintaining worth, BC Hydro states, is heavily dependent on energy saving upgrades such as updating the heating and cooling system, and replacing windows, doors and roofing.

Despite the ‘reno-regrets’ of some, BC residents are not slowing down on their home makeovers, with more than 40% planning a renovation or home improvement project this spring.

BC Hydro recommends that those planning a renovation, whether major or minor, follow a few simple solutions to improve energy efficiency and minimize regrets.

Morgan Hampton, Local Journalism Initiative Reporter, Merritt Herald