Perhaps you are thinking of selling and want to help your home compete in the hot real estate market. Or maybe you just want to enjoy an updated space! Especially if you’ve lived in the house for several decades, you may be unaware of your home’s shortcomings. I guess it’s true what they say after all… Love is blind! We have you covered. Here are the best areas to renovate to ensure your return on investment:
1) Freshen the Paint: probably the most under-appreciated home improvement. It provides a high return for a relatively low investment and minimal effort. When putting your home on the market, consider a professional painter who can help select the right palette, skim the walls, seal trim and repair minor damage before applying top quality paint that’s appropriate for each surface. It doesn’t seem like the most glamorous of renovations, or promise the most dramatic before-and-after, but it instills freshness and can flatter your home in ways you’ve never imagined.⭐️ ROI: A fresh coat of paint typically garners a 60% return on your investment.
2) Countertops: Since kitchen renovations can easily snowball, consider a quick counter-top refresh and appliance-swap as options for a great return on investment. ⭐️ ROI: Kitchen renovations have the best return on investment, typically garnering a 75-100% return.
3) Bathroom: Creating one luxury space in a home can have a great effect and return on investment. Focus your attention to items like a frameless glass shower enclosure, marble-topped vanity or a gorgeous tile backsplash. Analyze your bathroom, pinpoint its strengths and weaknesses and ask yourself, “Where is my eye drawn when I enter this room?” Is the bathtub the focal point? The vanity? A window? This is where your renovations should begin. ⭐️ ROI: Bathroom renovations, when done well, have a return of 62%, on average.
Courtesy of HGTV.ca