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Home Renovations That Will Give You The Best Return on Investment

Abbey Cole by Abbey Cole
March 24, 2023
in Home Improvement, Home Investment, Home Staging, Other
3 min read
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Home renovations can make all the difference when re-selling a property. Whether you’re flipping a home or simply looking to get the best return on your investment, some renovations offer much higher returns than others. Before starting a project, research which improvements will bring you the most financial benefit when it is time to re-sell.

Curb Appeal

Simple yet effective improvements like replacing old windows and doors, planting attractive plants and flowers around landscaping, and rejuvenating a tired exterior paint job can significantly impact ROI for resale. By sprucing up the outside of a home, potential buyers will be more inclined to take an inside look at what you have done with the rest of the house. While this type of project may add little monetary value to your home immediately, it can certainly set the stage for a successful sale in the future when it comes time to put your house on the market.

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Kitchens and Bathrooms

From tile work to cabinet refinishing, modernizing these rooms in terms of design and function can draw in more buyers. Better offers are relative to other home improvement projects. Additionally, installing energy-efficient appliances or insulation can help save money on utilities and maximize profits when it comes time to sell the house.

  • Read: Buying a Home As-Is: What You Need to Know

Another way to improve your property is by tackling larger projects such as kitchen or bathroom remodeling. These areas can often be expensive, but they have the potential to provide a great return on investment as well as increased convenience during day-to-day life at home. Whether you’re looking for modern tile work or cabinet refinishing, updating these core rooms in your house can bring out its best elements while potentially increasing its overall value.

Work Smarter, Not Harder

Finally, consider investing in innovative technology such as automated thermostats or wireless security systems; these additions may not necessarily add monetary value immediately, but they certainly don’t hurt either! Modernizing these features can give you an edge amongst competing properties today and provide a good return on investment for homeowners looking for added convenience during their stay.

  • Read: How to Stage Your Home For Listing Photos

For those looking for more energy-efficient options, home renovation projects like installing automated thermostats or wireless security systems provide added convenience while reducing electricity costs over time. Remember all those minor details, from updating light fixtures to adding smart technology. Pay attention to these small changes when assessing how much of an impact they may have on increasing your property’s value and making life easier for you!

By considering both aesthetic changes and functional upgrades that bring real value to your property, homeowners can ensure that their investments pay off when it comes time to sell – providing them with greater peace of mind and a higher ROI from their hard work!

Considering selling?
Contact us today to talk to a Realtor in your area!

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Abbey Cole

Abbey Cole

Abbey is Zoocasa's Content Marketing Specialist, creating content to help Canadians make informed decisions on the real estate market. As a textbook Hamiltonian, Abbey enjoys walking the Bruce Trail near the Devil's Punchbowl. You'll catch Abbey soaking up the sun, reading a book or watching Netflix with her furbabies when she's not working.

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Zoocasa © 2007–2022. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA.