Whether you’re thinking about listing your home for sale or you just want to add some long-term value, the right renovation is an effective way to see bottom-line results. From quick and efficient jobs to large-scale projects, there are numerous steps you can take to boost your property’s worthwhile simultaneously improving its appearance and performance.
To help you on your home-improvement journey, we’ve put together a list of five high ROI renovations that can seriously boost your return…
A Coat of Paint
One of the least taxing home improvements you can perform is repainting. Whether it’s inside or out, a fresh coat of paint can have a big impact on the look and feel of your home.
Repainting is one of the most common and effective tools used by real estate agents and stagers. Not only does it make your living space appear more polished, but a paint job in the right colour can also ensure that it looks larger, brighter, and more welcoming.
If you opt to update your home’s interior, you may want to gravitate towards warm, neutral colours (as they appeal to a wide variety of potential buyers).
Looking for even more ideas to maximize your transaction? The following resources will help:
- Selling a House in the Kawarthas? Here’s Why it’s Different
- How to Find a Real Estate Agent in Peterborough You Can Trust
- Need to Sell Your House in Peterborough? Here’s What Buyers Are Looking For
Front Door Replacement
Not only does refreshing your front door improve your home’s curb appeal, but it can also boost its security and energy efficiency. An update such as a new steel entry door can be a major selling point for prospective buyers. As charming as antiquated woodwork is, it can lead to heat loss—and, by extension, higher bills.
Over time, wood is also prone to warping, rotting, and cracking, especially during harsh Canadian winters. This means that wooden doors can do a poor job of insulating over time. With steel entry doors, this happens at a much slower rate.
Replacing Your Siding
Replacing your home’s siding can increase its curb appeal while upping its energy efficiency. One of the most common materials homeowners choose is vinyl.
Not only is vinyl siding hard to wear down, but it comes in a variety of different colours, designs, and textures. It can also be easily installed, fitting directly over top of previous exterior wall finishes.
As most vinyl siding features an insulating layer of polystyrene foam, it is also very energy-efficient and can result in a high ROI of 81% over time.
Wood Deck Addition
No doubt about it: Ontarians love their decks. In the warmer months, there’s nothing more relaxing than enjoying some sunshine outdoors—and having an updated place to do that could be a major selling point for prospective buyers.
Some things to keep in mind when installing a new deck are:
• Materials (like pressure-treated wood, composite wood, and cedar hardwood)
• Finishings (think deck stains, varnishes, and composite top-boards)
• Placement (whether its directional facing or has multi-level orientations)
• The natural surroundings (like nearby trees, gardens, and hedges)
Minor Kitchen Remodel
Full kitchen remodels can be some of the most expensive and time-consuming home improvement projects out there. Fortunately, there are a few minor things you can do to update the heart of your home—and boost its value.
Consider smaller renovations like refacing outdated cabinets, updating old hardware and cabinet pulls and installing more energy-effective lighting.
Selling your home in the near future? When you’re ready to take the next step, get in touch to learn how we can help you get the best price possible.
