As Real Estate Agents helping people buy and sell all over Owen Sound and Grey Bruce Region, we've been able to see first hand what renovations make the biggest difference on sales and have created a list of the top renovations you can do to increase your sale price when you go to sell.
1. Kitchen Remodel
The kitchen is often considered the heart of the home, making it a prime area for renovations. A modern, functional kitchen can attract buyers and boost your home's value. Key improvements include:
- Updated Cabinets: Replace or refinish old cabinets for a fresh look.
- New Countertops: Invest in durable materials like granite, quartz, or marble.
- Modern Appliances: Energy-efficient appliances not only look sleek but also save on utility bills.
- Open Layout: If possible, create an open-concept kitchen to enhance the space.
You can go all out and upgrade everything, but if you're on a budget painting the cabinets and adding in new countertops/ hardware can make a difference.
2. Bathroom Upgrades
Bathrooms are another critical area that can significantly impact your home's value. Consider these upgrades:
- New Fixtures: Replace outdated faucets, showerheads, and lighting.
- Quality Tiles: Upgrade to modern, high-quality tiles for the floor and walls.
- Vanity and Storage: Add a stylish vanity and additional storage solutions.
- Energy-Efficient Options: Consider low-flow toilets and water-saving showerheads.
3. Curb Appeal Enhancements
First impressions matter, and your home's exterior is the first thing potential buyers see. Boost your curb appeal with these tips:
- Landscaping: Maintain a well-manicured lawn, add colorful plants, and install outdoor lighting.
- New Siding or Paint: A fresh coat of paint or new siding can dramatically improve your home's appearance.
- Updated Entryway: Install a new front door, add a porch, or replace old hardware.
4. Adding or Improving a Deck
Outdoor living spaces are highly desirable. A deck can provide a great return on investment:
- Materials: Use high-quality materials like composite or hardwood.
- Design: Consider features like built-in seating, lighting, and outdoor kitchens.
5. Energy-Efficient Improvements
Today's buyers are increasingly eco-conscious and value energy-efficient homes. Consider these upgrades:
- Windows and Doors: Replace old windows and doors with energy-efficient models.
- Insulation: Improve insulation in the attic, walls, and basement.
- Solar Panels: Install solar panels to reduce energy costs and attract eco-minded buyers.
One of the biggest things we find buyers focus on is windows, if your windows are old, and more specifically not in good shape/dirty it would be worth the investment to replace them. Check with suppliers to see if there are any grants available to you.
6. Add another bedroom
If you have the space in your home, and can add an extra bedroom in concordance with todays building code, this can move the needle for you. We've seen freehold homes gain an extra $50-75,000 in value from adding an additional bedroom.
Conclusion
Investing in the right renovations can significantly increase your home's value and appeal to potential buyers. Focus on high-impact areas like the kitchen, bathroom, and curb appeal, and consider modern upgrades like energy-efficient improvements and smart home technology. By making thoughtful improvements, you can enjoy a more comfortable living space while boosting your property's market value AND as always, if you are not skilled, your better off hiring a professional to do it, DIY renovations can actually cost you more money in the long run.