Purchasing a home may be an excellent investment, but only if you maintain or increase its resale value during your stay. This entails determining which remodels, and renovations are worthwhile.
Rather than becoming overwhelmed by hundreds of renovation ideas and ambitions, prioritize the activities that will provide the most significant return on investment (ROI) to guarantee that you not only enhance your space for you and your family but also for future home buyers. Here are seven upgrades that significantly increase the resale price of your home:
1. Do a Kitchen Remodel
The kitchen is the focal point of the home, and it affects the value of the home more than any other room. As the epicentre for meal prep and development, a kitchen remodel adds an extra layer of value to any home purchase. Start small when remodelling a kitchen. Replace the kitchen faucet, cabinet hardware, and light fixtures with energy-efficient alternatives.
Rather than rebuilding cabinets, refinish the cabinet boxes and add new cabinet doors, drawers, and hardware. These few changes will significantly improve the appearance of your kitchen.
2. Bathroom Upgrades
The bathroom can make or break a sale, especially for homes with multiple bathrooms. A bathroom is a room that people visit several times a day, so the room’s appearance can be a deciding factor. As with the kitchen, there’s no need to go too big. Replace fixtures, repaint the room, and re-grout the bathtub. A new mirror and lighting fixtures may dramatically alter the appearance of a bathroom.
3. Drywall Repair
Drywall and plaster cracks and other damage are common, but they don’t have to be expensive. When you’ve got a wall that isn’t perfect, you can have a drywall contractor fill in the damage and paint over it before the next showing. Your next buyer will be none the wiser.
4. Upgrade the Appliances
Often, a home with a brand new kitchen can be fully functional and in great shape, but the lack of updated or new appliances can make a potential buyer think the home is shabby. Upgrading to newer, high-end appliances can dramatically enhance the appearance and functionality of your home.
5. Add a Deck or Patio
When considering home remodels, don’t forget to consider outdoor projects. A deck or patio offers an excellent place to relax or entertain guests. It also has the added benefit of increasing the value.
6. Work on Curb Appeal
Sometimes, homes sell based on their curb appeal alone. The front of your home is a first impression that lasts, so make sure it’s a good one. Mow the lawn, trim the hedges, paint the trim, and add fresh flowers or other decorations.
7. Remove Popcorn Ceilings (If You Have One)
Popcorn ceilings were a popular interior design in the 1970s, and they’re still in some homes today. According to most home remodelling experts, they’re a big no-no because they reflect poorly on the upkeep of a home. Before you consider selling, you should have your popcorn ceiling removed.
Your home is one of your most significant investments, so make it a good one. Maximize the resale value of your home by keeping in mind the features you can add or improvements you can make on a limited budget. If you’re considering selling your home, it’s a good idea to speak with a real estate agent about the home’s potential value.
Gillespie Handyman Services offers quality commercial handyman services in Barrhaven, Kanata, Nepean, and Orleans in Ottawa at affordable prices. Contact us today to schedule a service!