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Renovations Add Value to Your Home

The Biggest Bang For Your Buck!

Whether renovating for yourself… for long term use, or in contemplation of selling, it is important to know where you should start and which items will offer a real payback.

Bathrooms and kitchens are always at the top of any list, and they are often the rooms that make the decision when buyers are comparing homes. However, never underestimate the value of a simple paint job to improve the appearance of a house.

When doing renovations, it is wise not to overspend (or under spend either) and be aware of current trends. The best advice is to hire a contractor or a specialist and do some comparison shopping first. For further information concerning contractors, we would be pleased to offer you our Concierge Service.

Below is the “Top 10 List” according to the Appraisal Institute of Canada (as of the date of their most recent online report).

 

Payback Potential Trends
  • Painting and décor, interior 73%
  • Main floor laundry room
  • Kitchen renovation 72%
  • Ground floor home office
  • Bathroom renovation 68%
  • Hardwood flooring upgrade in kitchen
  • Painting, exterior 65%
  • Whirlpool bath separate from shower
  • Flooring upgrades 62%
  • Built-in kitchen appliances
  • Window/door replacement 57%
  • Addition of kitchen cooking island
  • Main floor family room addition 51%
  • Non-neutral interior paint colors
  • Fireplace addition 50%
  • “Smart” house wiring
  • Basement renovation 49%
  • Home theatre room
  • Furnace/ heating system replacement 48%
  • Skylights

Painting & Décor (interior)

The most important thing to do when getting your home ready for sale is to ensure that it is clean, uncluttered and has a bright coat of paint. These will appeal to the most number of purchasers and are then in a position to visual their own belongings in the home without being distracted by strong colors or clutter etc.

Each house is unique and we would be happy to discuss and advise you on your specific situation.

The “Spruce-Up” for resale purposes

This option may only cost a few hundred dollars and a few hours of your time. Use this as a check list in getting your home ready.

  • Clean thoroughly. This means removing mould, mildew, cleaning grout, glass porcelain, and tile.
  • Give the room a fresh coat of paint.. in a bright color, preferably white or eggshell to make it appear larger.
  • Have carpets cleaned.
  • Purchase plastic trays and boxes to remove personal belongings from the site, so a potential purchaser can visualize their things in stead. Linoleum, a scratched or broken mirror, stained soap dish etc. Maybe the cabinet knobs would add a new look.
  • Organize drawers and shelves. Use some of those plastic trays for brushes etc.
  • Add finishing touches in the bathroom with a new soap dish, a new bar of soap, a new shower curtain and towels. Does the curtain rod or rings need to be replaced?

Perhaps your home would take on a new look with some of the following items;

  • Slip covers to hide worn or soiled fabric on chairs and couches
  • Curtain rods and curtains to match the covers
  • Cushions to compliment the décor
  • Area rugs to add some pizzazz or warmth
  • A few extra pictures or mirrors
  • Plants and flowers to finish it off.
  • If your home needs more than the basic “spruce up” or you would like to do a more in depth renovation, contact us and we will help you find a good renovations specialist.