If you have been living in the same home for many years, it makes sense that you want to get the most out of your investment when you sell. One of the best ways to ensure that you maximize your selling price is to have your Toronto home renovation ahead of putting it on the market. iRemodel Renovations has put together a list of renovation ideas for your home that will increase your return on investment (ROI) the most.
A kitchen upgrade is one of the easiest ways to boost your home value. The kitchen is one of the most used spaces in the house and also where buyers tend to gravitate the most. It is important to make your renovations universally appealing when you upgrade. Instead of making very high-end customizations, opt for high-quality general changes that anyone can enjoy. Keep an eye on current trends, but avoid choosing upgrades that won’t stand the test of time.
Finished or Converted Basement
If you have a basement in your home, there are endless ways in which to renovate the space. Even by just finishing the basement, you can significantly increase the property value since it boosts your home’s overall square footage. Consider transforming it into a den, a spare bedroom, or even an apartment that can be rented out as a separate unit. If you invest in plumbing, you can give your basement its own bathroom, which of course will be reflected in the final sale price.
Bathrooms are the next space on the list that can really help you cash in on your investment. The right upgrades can easily bring you a 100% return! The goal when upgrading with your bathroom renovation is to make sure your changes will appeal to a wide variety of potential buyers.
Chose upgrades such as modern white vanities, attractive lighting, simple tiles, and modern fixtures with a trendy flair. For bathrooms located in the master bedroom, you can go for higher-end choices, but keep it casual for guest bathrooms.
Curb appeal is more important than you may realize. The way homebuyers view your property the first time they lay eyes on it will greatly influence their purchase decision. Make sure that you think about your yard, vegetation, trees, and other landscape elements when overhauling your exterior. You most likely do not have to replant your whole yard. Often, adding a tree or two, along with a good pruning job, is enough to improve the overall look of your landscape. If you do make changes, make sure they are low-maintenance.
Make Your Home Energy Efficient
Everyone is concerned about the environment as well as their own energy cost. Making changes to your home that are eco-friendly can help save money, qualify you for tax credits, and boost the value of your property.
A lot of heat is lost through the windows in a home, installing double- or triple-pane windows will help save energy and improve the look of your property. Insulation is another way to make your home more energy-efficient. Consider adding insulation to the attic, basement, and any other drafty areas that are prone to heat or hold loss.
Pre-Sale Renovations by iRemodel Renovations
If you are thinking about selling your home and are interested in renovating first, iRemodel Renovations can help. Our skilled team has years of experience and always stays up to date on the current trends. We are happy to work with you to create an affordable plan that will give you a healthy return on your investment once you place your house on the market. For more information on our services, give us a call at (416) 825-2542 today.