Are you planning to stay in your house a long time or just a few years? A smart home owner should know which renovations add the most value to their home or cottage, and we are here to help in this area.
Listed below are the seven renovation projects that deliver the highest return, should you decide to move on, and we can help you with a Home Evaluation should you choose to Sell.
- New Garage Door
A modern-looking garage door is a curb-appeal enhancer that will get you back almost every dollar you spent, when you sell your house. If you plan to choose this upgrade choose an insulated door with windows and even include a remote for accessibility.
- Manufactured Stone Veneer
Replacing vinyl siding on your house for stone veneer is a big aesthetic enhancement, but one well worth the cost should you decide to sell. This improvement upgrade is one that can get you back over 97 percent of your costs, as the enhancement gives a potential buyer a luxury exterior upgrade to the home.
- Main Entry Door Replacement
You can recover over 91 percent of your cost by replacing your main entry door with a higher gauge steel door with glass panels. These doors come factory-finished with the same color on both sides and are fairly easy to install.
- Wood Deck Addition
One advantage of owning a house is having yard space. A new wooden deck enhances a yard and can be enhanced with a beautiful floral flowerbed running along-side. Include a railing system with pressure-treated wood posts and balusters. With the average rate of return of 80 percent at resale, why wait when you can enjoy BBQing on the deck?
- Minor Kitchen Remodel
Before you start a major kitchen renovation, consider a minor one. Cabinets can be updated with new wood panels and drawer fronts; replacing handles with modern pulls and knobs and Replacing laminate countertops with new laminate will fetch a healthy rate of return. Next, swap out older appliances with energy-efficient models. Update with a mid-priced sink and faucet; repaint the trim; add wall covering; and replace vinyl flooring with new vinyl. All can be moderately purchased at your local hardware or local building centre.
- Polished New Facets
Adding a new bathroom facet can spruce up a bathroom and give it a bit of glitz that will catch the eye of a potential buyer. Modern inexpensive facets can be purchased and installed DIY if you are a handyman/woman. A small fee for a higher return in the end.
- New Lighting Replacement
Have you ever walked into a home and noticed a light bulb missing from a ceiling fixture? How about an old light that looked like the spiders were nesting? Adding a couple of new light fixtures adds ambience to your home and brightens up the space. Giving your home or cottage a finished look with new lighting compliments your home.
For more information on Home Improvements and how they attract potential buyers give us a call or contact us via our contact page. We will be glad to help!