RENOVATIONS THAT WILL DOUBLE YOUR PROPERTY’S VALUE!!

If as a home owner you are preparing to sell your house, there are some renovations that can be done to increase the value of your property.

The following renovations are the ones that generally provide homeowners with the best return on their investment:

·          KITCHEN: The renovations in kitchen are usually expensive. The “Granite”, “Stainless Steel” and “Custom” are some elements that may put a big hole in your pocket. But we have some good news for you; there are certain solutions to renovate your kitchen with some other economical options that look expensive but cost so much less. Here are some of these options: “butcher block, composite, and high-end laminates.” Some other changes that can increase the value of your kitchen may be things like adding a backsplash and light tubes underneath the kitchen cabinets, changing the hardware on the cabinets and adding an island. These are the changes that can be done to increase the overall look as well as the value.

·         FLOORING: A flooring update always brings new life to a house. Most of the buyers ask for “Hardwood” flooring. Though the Hardwood flooring is expensive it really add value and increases the selling cost of your house but in case you do not have the budget to put Hardwood flooring in the house then there are some other economical options that will help. Laminated Flooring is a popular substitute that one can use instead of Hardwood Flooring. These are available in multiples shades, have an excellent life and are very easy to install. Wood floors can be upgraded by sanding them down and applying a new finish.

·         BATHROOMS: When you ask people to describe their perfect bathroom, about 95% of people use the words “Spa like” and to make your bathroom ”Spa like” it should have soothing color palette not pink and blue, clean lines, modern materials and chic finishes. Your bathroom should showcase cleanliness and create a relaxing effect. Properly working faucets are a must, and one of the key aspects checked by potential home buyers.

·         PAINT: Re painting the rooms will bring out a new facet to the house and also make it look fresher and new. If you do not have a good knowledge of color coordination then take the help of an expert. An expert can guide you step by step with color choices that suit your house best.

·         POTENTIAL INCOME SUITES: There’s no renovation you can do to your home that will increase its value as adding an income suite. Whether it’s your basement, a third floor or loft conversion, or even a coach house style suite in a garage, income suite renovations, when done correctly, easily allow you to double your investment.

·         ROOFING: A damaged roof brings to mind visions of water leaks and can prove of great concern to potential buyers. Regular roof maintenance and replacing shingles, etc. as necessary are critical to prevent water leaks and the associated negative effects on the overall building. A damaged roof will often cause the purchase price offered for your home to plummet, as potential buyers will factor the cost of repairs into what they are willing to pay.

Editor: Neha Charan