4 Easy Home Renovations That Increase Property Value
Planning to list your home for sale this spring? Although there are plenty of renovations that you can complete to increase your home’s property value, some are better than others. Here are four recommended home renovations that typically have a high return on investment – without requiring a large investment of your time.
Update Your Kitchen
As the heart of the home, your kitchen is the best place to start when looking for a renovation that will generate almost 100% return on investment.
Experience an immediate increase in your home’s value by replacing or updating old, outdated fixtures such as faucets, countertops and lighting. Replacing your backsplash with an attractive new tile can make a huge improvement and be achieved without hiring an expert.
Outdated cabinetry? Avoid a costly overhaul by painting your cabinets a more modern colour or installing new cabinet doors. Simply changing out the cabinet hardware can also make a huge improvement to your cupboards. If new cabinets are required, consider options such as Ikea cabinets rather than expensive custom cabinets.
Complete a Small Bathroom Renovation
Besides your kitchen, your bathroom is one of the most important rooms when it comes to homebuyers. If you’re already thinking about how costly bathroom remodels can be, think again. Even small renovations such as replacing the toilet, installing a glass shower door and regrouting the tile can provide a complete return on investment.
For simple bathroom projects that can be completed on a weekend, replace outdated fixtures with more a modern look and redo the caulk around the shower, tub and toilet areas. Ensure even lighting is provided without creating side shadows by installing wall-mounted lighting rather than overhead lighting.
If you’re handy, larger bathroom renovations that leave great first impressions with potential buyers include converting a plastic tub to a tile shower and adding a three-piece bathroom to a home with only one full bathroom.
Use Paint to Freshen Up
Applying a new coat of paint to your home’s interior is one of the cheapest updates you can complete. Walls can take a lot of abuse over the years from furniture moving, pets and kids and new paint can help hide these visual defects. This quick renovation can also help lighten rooms and bring a fresh, clean feeling to an entire space.
To experience more than a 100% return on investment with new paint, choose transitional colours that appeal to the majority of people. Soft grays are a popular colour choice that contrasts well with white borders while still matching a room’s interior.
Improve Curb Appeal
With only one chance to make a great first impression to a potential buyer, your home’s exterior needs to have great curb appeal. Make small improvements by power washing dirt and grime from siding and concrete and adding a fresh coat of paint to your front door.
Other landscaping improvements that instantly increase your property’s value include incorporating new mulch, planting seasonal, colourful plants and completing tree and shrub trimming.
Are you soon going to be listing a home for sale in Vaughan? I’d love to provide you with more tips on easy home renovations that will increase the value of your property. Contact me today for more details!