Best Home Renovations for Resale
If you want the most bang for your buck on your resale renovation, make sure that you are spending your hard earned money in the right places! Focus on these key areas:
Kitchen - Buyers these days want to entertain around the kitchen. Consider an open concept layout with a large island and stainless steel appliances. Find a balance between functionality and aesthetics, and do your research! Islands with eating bars are a fantastic way to open up the space without compromising seating and counter space - but raised bars are no longer “in”.
Bathrooms - Light and bright is trending and it is a theme that is here to stay! Don’t emphasize a tight bathroom with a dark paint job, instead open up the space with a large mirror and fresh paint. Nothing will steal the potential shine like old/dingy wall tile, so be sure to update to something with a fresh and timeless look. White subway tile is always safe, and generally pleasing to all.
Flooring and Paint - Light colors are the best to make a home feel larger and greys and whites are trending. Engineered or hardwood flooring will update the look and feel of a space, not to mention make it appear instantly cleaner. Carpet is best suited in basements and sometimes bedrooms - but rarely cherished in main living spaces these days.
Roof - It’s not a “fun” renovation, but if your home needs a new roof - get one. Although roofing companies will try to sell you on clay, concrete, or other “lifetime” products, please note that you will not get your money back if you are looking to sell any time soon. Buyers rarely place monetary value on a new concrete roof compared to a new asphalt roof.
Windows - Windows are one of the first things potential buyers notice in an older home, and although this may seem like a costly item up front, treat it like a valuable renovation investment. Windows that open are the best ones to replace if you’re on a budget, as fixed pane units can often last many more years with proper maintenance. Rather than spending money to replace tiny windows in basements with newer, tiny windows - for your best resale value take the opportunity to enlarge these windows to allow for legal egress in a fire, as well as for more natural light and less of a “basement” feel. Other areas to consider larger windows - upstairs bedrooms, dining rooms, and kitchens.
Remember that the goal of the renovation is to get the most value in return. Even if you love bold colours or have a very specific style, consider changes and finishes that will satisfy the MAJORITY of future propsects who will see your home, remember - it’s these people that you want to please!