Making the right renovations and upgrades to your home improves its resale value. What are the best home improvements to undertake? Buyers generally focus on kitchen & bathrooms along with overall living and storage space.
According to the Appraisal Institute of Canada, the projects listed below were the remodeling projects that added the greatest amount of resale value to a home:
If you're only going to do one thing, paint. Interior/exterior painting is one of the very few improvements on which you are likely to realize a profit—as long as you choose current, neutral colours and the rooms are professionally painted.
2. Kitchen Renovation
One of the largest renovation undertaking is a kitchen project. The kitchen is the hub of a home where everyone gathers at the end of a long day or any time you have a gathering.
3. Bathroom Renovation
The goal should be to create a spa-like environment in your bathroom by installing a soaker tub with relaxing jets or perhaps a steam shower stall.
They often make all the difference.
5. Window/Door Replacement
If your windows or doors are wasting energy or simply decrepit-looking, replacements can be an excellent use of your home improvement dollars.
6. Recreation Room Addition
Increasing square footage is almost always an excellent use of remodeling dollars.
7. Basement Renovation
8. Garage Construction
Most people these days are looking for at least a single car garage where to park their car in the winter and for additional storage space.
9. Fireplace Addition
There's nothing like the cozy feeling of cuddling up by the fireplace on cold winter nights.
10. Furnace/Heating System Upgrade
High-efficiency furnaces pay for themselves relatively quickly.