Having a full home renovation in Toronto can sound like a fabulous idea, but when you get into the financial aspects, maybe this idea is not in your budget right now. If this is the case, iRemodel Home Renovations has the perfect solution for you, prioritize the areas to renovate in your home that will bring you the most return on investment and value! If you are wondering which areas qualify, our team has compiled a list of which areas you should consider renovating first in your home.
Kitchen & Bathroom
These are two of the most obvious spaces to renovate as these are the two most used rooms in any home. Although renovating a kitchen or bathroom is expensive, it is definitely worth it to get complete. This is because these areas usually get 75%-100% of their cost back in the homes selling price. Real estate agents will always recommend you renovate these areas first as home buyers desire luxury in these spaces.
Your heating system is an area that can dramatically increase the value of your home. If you invest now in a high-efficiency system, you can earn some money back as your home value could increase from 50%-80%. Having an updated heating system in your home can make your home healthier and can decrease those electricity bills. Having an improved heating system can be beneficial to whether you plan on living in your home or if you plan on selling it.
Replacing your roof is both beneficial to you and the value of your home. If your roof has aged between 18-20 years and has experienced damage/leaks, rodents, or extreme weather, it might be time for a much-needed upgrade. You should know that the return can amount to 50%-90% of the overall cost and a new roof can improve the curb appeal of your home.
Paint on the Interior & Exterior
This seems like a simple change but it can make all the difference. Adding a fresh layer of paint to the walls of your home can give you a return of 60%-100% of the cost to the value of your home. The best part about this is that painting your home is relatively inexpensive. If you are planning on selling your home, choosing neutral tones almost always appeals to homebuyers more.
How We Can Help
There are many areas to renovate in a home that can help to create a more desirable place for you to live in or to enhance the value of the space if you’re looking to sell. If you want to renovate more than what is listed here, consider replacing windows and doors, getting new flooring, installing a fireplace, or finishing your basement.
If you have more questions about a kitchen renovation in Toronto or any of the other areas we have discussed, you can contact iRemodel Home Renovations today by reaching our team at (416) 825-2542 today. Our team of skilled contractors would be happy to walk you through all of your options available.