If you are planning to do some renovations on your home you want to be sure that all your hard work and money spent goes towards the right upgrades, not all upgrades equal a profit. So where should you put your time and renovation dollars to add the most value to your home?
The number one place that adds value to your home is the kitchen, and understandably so- it truly is the heart of the home where families gather and spend lots of time, this renovation will usually bring the highest return.
Another money maker is adding additional living space, this can be accomplished in a few ways, you can finish a basement to create a large recreational room or finish attic space for a cozy t.v room or home theatre, or you can put an addition on the home to gain an extra family room.
Another renovation to consider is new flooring throughout your home, this will create a nice seamless flow and make your home feel open and spacious which appeals to buyers.
A renovated bathroom will also yield a high return, adding a glass tiled shower, re-grouting old stained grout, adding a fresh modern vanity are all ways to accomplish a clean, crisp, sparkling bathroom.
And lastly this one is low cost and most people can do it themselves – Paint! A fresh coat of paint throughout the home in a modern colour scheme will tie everything together and give your home a stunning face lift. Go a little further and add some accents while you’re at it like an area rug and throw pillows these finishing touches will warm and cozy up your space.
Keep in mind a bad job can cost you to lose money so if you’re not handy leave the renovations to the experts. When doing any renovation be sure to keep it neutral and modern so you appeal to the masses, don’t make anything too personal if the goal of your reno is to sell in the near future.