Even if you do not plan to sell anytime soon, when remodelling, you would likely prefer to focus on projects that will add value to your property. Not all house renovation activities do this. For example, adding an in-ground pool to your yard may seem very appealing for enjoying Toronto summers, but this addition can actually detract from the resale value of the home because many buyers do not want to take on the upkeep of a pool. Before you start renovating your home, take a moment to consider which investments will provide the best returns.
If you ask realtors which renovations bring in the biggest boosts to purchasing prices, they will almost unanimously say kitchen remodels. Going from old linoleum and aging appliances to tiled floors, new countertops, and stainless steel appliances can make a huge difference to the value of your home and the ease of selling. If you do not want to spend a lot on your kitchen renovation, you can make less expensive changes, such as painting and updating fixtures.
The principles that apply to the kitchen also apply to the bathroom. Many potential homeowners look for a bathroom that not only has bathroom with a modern design, but fixtures that make the room feels and functions like a spa. There are plenty of lower budget ways to improve a bathroom as well, replacing out-dated wall coverings, faucets, and lighting fixtures.
With utility prices increasing from year to year, boosting the efficiency of your home is certainly a good investment. There are simple ways to do so, including adding insulation, caulking, and making other improvements to the building envelope.
If your existing HVAC system is older and needing repairs more frequently, it may be worthwhile to invest in a newer, energy efficient model. While it does take some time for these pieces of equipment to pay for themselves in reduced utility costs, reduced repair expenses and added value to the home should help you to recoup your investment and see returns.
Increasing the curb appeal of your home can also increase add value to the home. Exterior home renovations can include adding or updating a porch and/or patio, adding outdoor lighting, improving walkways, replacing siding, and many other projects.
Finishing a basement or attic space is a large investment that may or may not allow you to receive a higher purchase price for your home. These projects are best for homes that currently have little living space.
If you are ready for a change, but want to make sure you are choosing wise investments for your property, contact the Reno Pros to consult with experts. We provide professional home renovation services throughout the Greater Toronto Area and would be happy to provide you with a free quote for your project.
"After requesting a quote for finishing a basement and working within the constraints of my budget, I went with RenoPros. The team arrived on time and ran every idea by me, as well as recommended what materials are best to be used in what area. The job was complete in a professional manner and I am very happy I chose The RenoPros"
"I was hesitant at first to rely on a third-party service to re-do two bedrooms in my house but the guys at RenoPros assured me they would work closely with me to fit my needs. I chose two different designs, and now both bedrooms actually feel good to be in. Great job"
"Our husband and I needed to renovate our basement at an affordable price. We found RenoPros and their staff and crafting was spot on, they let us customize everything to our liking and were very friendly and accommodating. Would do business with again, thanks!"
"We are so happy with our new kitchen and main floor renovation. The upgraded wife flooring was an excellent suggestion and the apron sink make the house feel brand new. The project manager was helpful, organized and I would definitely call them for any future renovation needs."