When it comes to home renovations, it’s crucial to focus on practicality and achieving desired results on your investment. No matter the scale of the renovation, there are a number of improvements that can be made to your home to increase its net value. With Toronto experiencing predominantly a seller’s market throughout 2021, investing in renovations can ultimately help your property sell for top dollar. Apart from working with a reputed real estate agent in Toronto, making home improvements prior to listing your house for sale can highlight the best features of the property to interested buyers.
Have you decided to sell your current home? Here are a few renovation ideas to maximize its value:
Many home buyers look for properties with finished basements, and completing this renovation project allows your property to stand out when compared to other home options. A finished and functional basement provides an additional living space that can be modified into a spare bedroom for example, possibly even with a bathroom and kitchen area. For potential buyers, this can mean using it as a rental unit and earning an extra source of income.
Kitchen and Bathroom Updates
Kitchens are often the stand-out features of homes, and they have a key impact on the overall property value. If a greater budget is feasible, you can renovate your kitchen by switching the tiles, redoing older cabinets, or opting for energy-efficient appliances. Sticking to smaller improvements is also worthwhile, like changing hardware pieces, replacing the lighting, or giving the cabinets a fresh and modern coat of paint.
When it comes to bathroom renovations, upgrades to plumbing fixtures and vanities, as well as new paint, flooring, or adding energy-efficient features can raise the value of your home. If you find yourself choosing between paint colours, it’s important to keep in mind that neutral shades appeal to a majority of people, and thus making your property more desirable to home buyers.
Trouble finding a realtor in Toronto who can guide you with home renovations? Contact Real Pavel today to get expert advice on renovations, sale listings, and more!