Home Value Boosters

Whether you're prepping your home for resale or planning to keep your home for years, spend your renovation dollars wisely. Here you will find out which areas of your home are worth investing in — both simple upgrades and complete makeovers can be very profitable.

#1 Kitchen Renovations

A fresh coat of paint on dated cabinetry and new hardware can be a quick fix. A kitchen renovation can offer one of the highest payback potentials, with 75 to 100 percent of the money you invest adding to your home's value.


#2 Exterior Makeovers

By painting and landscaping the outside of your home, it will give it a fresh new look, add great curb appeal and bring added value to your home.  Especially if you are trying to sell you home it is the buyers first impression.



#3 A Finished Basement

If you're home has an unfinished basement consider finishing it to add additional living space in your home.



#4 A Classic Bathroom

Upgrading a bathroom with new lighting, updated vanities and large mirrors keeps the room bright and inviting. Investing in your bathroom, big or small, also provides a 75 to 100 percent return on your investment.




#5 Outdoor living space

By adding a new deck or patio it can provide an outdoor space perfect for summer days, and is a hit with people looking to buy your home. You will recoup 25 to 75 percent of the costs upon resale.





#6 New Flooring


Update old and tired floors with new room-appropriate flooring. We tend to sometimes get so used to our home we don't always notice that our flooring is getting old and dated, but rest assured anyone looking to purchase your home will.



#7 Quality Interior Painted Walls


It's amazing how a fresh coat of paint can freshen and update your home.  For resale, make sure to choose neutral paint colours and colours that flow from one space to the other. If done right, interior painting offers one of the highest renovation paybacks.





#8 Energy Efficient Windows

Replace old and drafty windows with new Energy Efficient Windows.  You will reduce your or potential new home owners energy bill.  You will also recoup 50 - 75 percent of your costs upon resale.



#9 Fireplace

Adding a fireplace to any room adds a luxurious touch and double as an alternate heating source.  In cooler climates a fireplace will be a bonus, and 50 to 75 percent of the money spent on one could be earned when selling the home.



#10  Adding New Roof

Adding a fireplace to any room adds a luxurious touch and double as an alternate heating source.  In cooler climates a fireplace will be a bonus, and 50 to 75 percent of the money spent on one could be earned when selling the home.

No comments: