Home Renovations That Will Help Your Home Sell
If you’re looking to sell your home, doing some check-ups on the property may well lead to a healthy financial return once you determine what needs upgrading. Home renovation isn’t just recommended when selling real estate - it’s a no-brainer, as the right reinforcements will drive up a property’s price and make it more attractive to prospective buyers. Here are some home renovations that will improve your home’s appeal on the market and in turn help sell your property faster and for more money.
Bathroom Remodelling
Considering the bathroom’s importance to every home, fixing it up is one of the smartest decisions you could make when renovating your home. Renovating a bathroom triggers an average return of just over 102% at resale. On average, it cost just over $10,000 to replace the major features in your bathroom. You should also re-caulk your bathtub, paint over the walls, replace old shower doors and upgrade the tiles, if possible.
Also, if your home only has one or two bathrooms, you could add another one, recouping as much as 130% of what you spent in the process. This can be done if you have underutilized space that can be occupied, including a full bath or shower in the process. When selling real estate, especially if the buyers in question have a large family, an additional bathroom could prove to be a worthy investment.
Fix Up the Kitchen
Much like the bathroom, the kitchen is vital to a home’s value and factors in huge when assessing its value. A minor kitchen remodel can bring you a return of 98.5% at resale as opposed to a major upscale renovation, which sees a return on investment of less than 60%.
A minor fix is recommended when your kitchen needs more cosmetic enhancements than anything drastic. Investing too much in upgrading a kitchen can devalue your home, especially if the aesthetics don’t mesh with the style of your home. A five-figure update covers 30 feet of cabinet and drawer re-facing as well a new sink, cooktop, fixtures, flooring, and more.
Also, some fresh paint in modern colors doesn’t hurt, with low-VOC paint particularly reliable, adding some visual spark, chemical-free.
Add Energy-Efficient Materials
On the topic of eco-friendliness, adding windows and lighting that both caters to the environment and spares your wallet makes sense. By installing energy-efficient windows, you can save hundreds of dollars in heating/cooling costs and can even receive tax credits down the line. Furthermore, installing green-centric insulation in different areas of the home saves energy costs and makes it more marketable, considering it won’t cost extra to maintain it.
Landscaping
The first thing anyone buying real estate will notice is your front yard, so put that at the top of your agenda. Add some paint at the front of the house, fix up those plants and get those pruning shears out to get rid of pesky shrubbery and branches. If you want to add some delight, you could include a walkway and fountain to add a peaceful aura to your surroundings.
If you want to consult a Toronto real estate agent as you think over your renovation ideas, contact Will Doyle. He’ll advise you on the best ways to spruce up your property for a successful sale.
