Thinking of home upgrades? Consider these renos for ROI and resale purposes.
1. Improve energy efficiency
For decades, homeowners have upgraded their homes with the purpose of modernizing it to match current styles and trends and appeal visually to buyers. Increasingly, the energy efficient design of new construction homes has become an enticing feature for many first-time homebuyers. Consider upgrading windows, doors, heating and cooling systems, attic, basement and garage insulation and other items that provide the potential for long-term home ownership savings. These upgrades are also advantageous because you will re-coop the savings while you own the home!
2. Curb appeal / exterior of home
First impressions count when it comes to real estate. That’s why it is always a good idea to pay attention to your home’s exterior and landscaping. Maintain your home’s exterior by regular pressure washing, lawn care and gardening of shrubs / flowers. Be mindful also of timely repairs to the roof, siding, stone walkways, decks, patios and pools.
3. Budget-friendly kitchen and bathroom remodels
Kitchens and bathrooms remain the top selling features inside a home. For that reason, there are the best rooms to update. In the kitchen, possible upgrades are: painting cabinets, getting new cabinet doors, or switching out cabinet hardware, installing new appliances, upgrading countertops and maximizing storage space. In the bathroom, consider re-grouting tile, removing and replacing caulk around the shower, tub, and toilet areas, replacing the toilet for a more efficient and modern look, and replacing mirrors and fixtures. Stand-up, walk-in showers with separate soaker tubs are popular and having a dual vanity is always a bonus!
4. A new coat of paint
Freshly painting your home before putting it up for sale is one of the cheapest updates you can make and also one of the best returns on your investment. Over the years, the paint on walls and baseboards can fade, chip or become scuffed. A fresh coat of paint instantly breathes new life into a room. Just remember to pick neutral colours that match a variety of decors or see what colours are trending in home decor!
5. Flooring
Flooring can also have an impact on the sale of your home. Hardwood flooring is the top choice of homebuyers in today’s market. Here are a few rules to follow no matter what type of flooring you choose: keep the colour / shade and type of carpet / hardwood consistent per house level; hard surfaces are preferred to carpet; if you can’t afford to upgrade flooring in the entire house, upgrade main level flooring before bedrooms or basements; replace carpet or refinish hardwood floors that are well worn or in poor condition.
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