We are often asked what are the most important areas of the home to renovate when it comes time to sell.
Strategic upgrades will increase the value of your home and they don't have to be major renovations. We have compiled a list that will go a long way in improving the value of your home and appeal to buyers.
The following 10 home upgrades range from DIY to more major renovations.
Rejuvenating your bathrooms and ensuring a high degree of functionality will give you a huge return on your investment. You don’t have to necessarily gut it and start over. New fixtures, fresh paint and light fixtures, and exhaust fans are good places to start.
Investigate under your carpet and you may discover a home improvement worth taking on. Hardwood, laminate and tile floors add a level of warmth and are an unmistakable return on investment. Hard surface floors are much easier to clean and won't collect dust and dirt, so they really appeal to buyers who suffer from allergies.
Mid-century modern and retro designs are on trend right now. Adding a few elements of a trendy design will add some serious “cool” to your home. Hang an antique barn-door in place of a traditional closet door, update some light fixtures with retro fixtures using Edison bulbs, or do a wall in wood or brick tiles. These kinds of home improvements are ones that you can definitely DIY.
Floor plans are something that can date a home and potentially turn off buyers. Most buyers today want an open concept floor plan, where the kitchen is open to a family room. Knocking out a wall or two to accomplish this is usually attainable, depending on the structure. But make sure not to take on this task unless you are a professional.
Ensuites that embody a luxurious spa-like feel are fancied by most of us. If you’re going to upgrade this area research what is on trend. At one time all new ensuites had a giant soaking tub but today's buyer prefers a smaller tub with a larger, more luxurious shower.
Do you love to entertain? Fancy hosting game night, wine tasting, or a book club? This is where an unused space can become the social area to gather. Turn that basement or a spare living room into a finished space with a large screen TV, wet bar, and lounge area. Whether it’s kid-friendly or a space for adults, this home improvement will be used a lot and add a lot of value to your home now and down the road when you’re ready to sell.
Outside living spaces are on the checklist for most luxury home buyers. The ability to conveniently cook outdoors without running in and out of the home for food and utensils is a convenience all BBQ gurus will appreciate. Add a BBQ grill, mini bar and refrigerator to an outdoor cookspace and you will have a culinary home improvement masterpiece.
Adding green energy features to your home will instantly appeal to buyers and your home's value will be increased immediately. Go through your entire house. Change all light bulbs to energy efficient ones of your choice, purchase low-energy appliances, replace toilets and showers with low-flow features, swap old windows for energy-efficient ones, filter your tap water so you can ditch the plastic bottles, and add a programmable thermostat so you can turn down the heat when you are gone during the day. These extra touches will go a long way!
Coming in at number one for most home improvements are switching out laminated countertops to stone countertops. The choice is yours between granite or quartz. Most potential home buyers will be expecting to see these in a kitchen. A wonderful additional touch is to install under-cabinet lighting to show off the countertops.
Plan to spend time repainting the interior of your home. Neutrals, especially trendy grey, will go a long way. Finding a compatable colour combination for your home will increase its appeal and overall image. Homes with paint tones of pink, yellow, and green always tend to sell for less than a freshly, contemporary, painted home.
Happy Renovating! If you are thinking of selling your home call us today and let our expertise help you in one of the most important events of your life!
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