5 Best Home Renovations to Increase Your Home's Value Before Selling
Are you planning to sell your home without any renovation? Then it’s time to reconsider your idea. There are several factors that determine the value of a home. You have to look for a top-notch real estate agent in your province to find potential buyers. Aside from this, you can also renovate your house to increase its value. If you do the right renovations, you can attract a lot of buyers at comparatively higher prices.
It doesn’t matter if your house is in a prime location like Toronto, Ontario, or in a quiet place such as Alberta or Nova Scotia, the cost can increase two to three times if you have all the right facilities installed. It has to look good both internally and externally, so that you have a very good first impression in front of the client. You have to choose projects with a higher ROI and understand the demands and current trends to escalate your property’s value.
After doing extensive research on the market, real estate trends, and experts’ insights, here are the best home renovations that actually increase your home’s value before selling-
Top Renovations to Increase a Home's Value
If you want to sell your home, focus on upgrades that offer a higher return on investment. Modern kitchens, updated bathrooms, and energy-efficient updates can all engage the interest of buyers and contribute value to your home. Let's dive deep into it-
1. Kitchen Upgrade
The kitchen is one of the most important selling points. It is where meals happen and memories are made. If you are looking to sell your home, you want to make sure you have an aesthetic and functioning kitchen. Start with a paint refresh and look at upgrading your countertops and cabinets. It is solely up to your budget.
If you have a higher budget, you can upgrade your kitchen countertop to Quartz or Marble. It may cost you around $2000 to $3000, but it’s worth it. Marble is classic, and quartz is affordable and comes in different shades. You can get a higher Return on Investment through this home renovation task.
According to Remodeling Magazine's Cost vs. Value Report, even a minor kitchen remodel can regain 70-80% of its cost in increased home value. If your house is in a major city like Toronto or Vancouver, the percentage of return is even higher. So, a kitchen upgrade is worth a shot.
2. Bathroom Remodeling
The design and equipment also play a significant role in the overall pricing of the home. Most buyers prefer to have bathrooms featuring modern and trendy upgrades. This can provide 60% to 70% in return.
You can start with good-quality tiles on the floor as well as the walls. It is better to use a minimalistic design as it is in trend. It is better to replace outdated vanities and fixtures. You may install a walk-in shower if it suits your budget. Changing or deglazing your bathtub can also make your bathroom look good.
Lightning is a non-negotiable aspect. But people often overlook it. Good lighting and ventilation can make your bathroom look better. If your house is situated in an eco-friendly or conservationist area like British Columbia, consider an eco-friendly toilet upgrade. Right now, this is in high demand. It can help separate you from the rest.
3. Increasing Curb Appeal
Your Curb Appeal is the first thing that buyers will actually notice. The exterior of the house has to be in the best possible shape. You may think that most of the months in Canada have snow-covered exteriors. Then, what’s so special about it?
Well, people like to spend time outdoors in Spring, autumn, and summer after enduring a harsh winter. You can start with a coat of paint on the front door. You can powerwash the walkways and the exterior. A broken Garage door is something a new owner will dislike. So, change the doors and sidings or repair them and give them a fresh coat of paint. Repair the fencing, pathways, or missing railings if present.
If you are planning to sell your home in the summer or spring, you can decorate the garden with beautiful flowers. You must try to keep the lawn tidy and trim the long grass. But, after spending so much money, what will the ROI be? Hold on, as the best part is that you can get 100% to 150% returns with exterior touch-ups and landscaping. Sounds great, right? Homes with good curb appeal sell 7% to 10% faster than others.
4. Finished Basement
A finished basement is a vital selling point in Canada’s home setup. In major cities, the price of land has skyrocketed. Many people find it difficult to buy a larger accommodation. So, a good basement comes to the rescue. Canadians are taking advantage of their basements by upgrading them into offices, recreation rooms, or storage rooms. This may save them a significant amount of money in the long run.
In the basement, you need to have the right flooring and insulation. You also have to ensure that you add sufficient lighting since this will be a strong selling feature. You may also add a bathroom or kitchen. In this way, you can also have a rental income. You can also hire an interior designer to help you with the layouts so that you can utilize most of the space.
If you have a finished basement, you can get up to 70–75% return. It depends on the quality of materials and layout. In regions like Calgary or Ottawa, this upgrade is a key selling feature.
5. Energy Conservation Upgrades
Utility bills can account for a significant percentage of your income. So, buyers may choose a home that has been renovated with energy-efficient models. You can start with the installation of a solar panel. You may also upgrade to a high-efficiency HVAC System and a smart thermostat.
These home renovation tasks can provide you with 50% to 80% return. It can also help to increase the overall price of your house with proper justification. You can also receive a Canada Greener Homes Grant if you pass the eligibility criteria.
Home Renovations That Truly Make a Difference
When you are planning to sell your home, you may think of doing different upgrades to increase its value. But the truth is that only certain home renovations actually make sense. Installing unnecessary upgrades can clutter your house and, as a result, they will not meet the aesthetic appeal.
Real estate markets can vary from province to province. But the upgrades in the kitchen, bathroom, basement, and lawn are almost common in all provinces. Many people also want an energy-efficient home to save money in the long term.
It is better to contact the local contractors as they are aware of the current requirements in your province. But how to find reliable local contractors? In this case, UrbanTasker comes to your rescue. Just post your task and get multiple free quotes from reliable local contractors within minutes.
What are you waiting for? Start planning your home renovations today and create a home that buyers will love.
Last Updated:
Sep 26
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