If you’re looking to sell your home, you’ll want to amaze buyers with a beautifully renovated property to receive a maximum return on investment. We’ve assembled the top five most renovation projects which real estate data has determined will increase the value of your home.
1. Exterior Renovation – Manufactured Stone Veneer (92% ROI)
A spectacular way to turn your home into a castle is to resurface it with a manufactured stone veneer. It’s a beautiful and cost-effective finish that adds texture, depth, and an old world charm. It’s also lighter weight than traditional stonework so it requires no additional structural support. At 92% ROI, it’s one of the best ways to increase your home’s value.
2. Kitchen Renovation (87% ROI)
In general, home buyers put beautiful kitchens and bathrooms at the top of their priority list. Nothing will repel a potential buyer quicker than a kitchen with groovy colors left over from the 70s or ancient appliances. For kitchen renovations, we recommend installing new appliances, modern cabinets, modern flooring and neutral colored paint. With an ROI of up to 87%, it’s well worth your while to renovate the kitchen.
3. Bathroom Renovation (81% ROI)
Another thing that will send potential home-buyers running for the hills is an old dingy bathroom with worn out tiles or cracked porcelain. For bathroom renovations, we recommend upgrading the sink, countertop, tub, flooring, light fixtures, wall paint and finish it off with an elegant tile mosaic. With an 81% ROI, a stylish bathroom can really pay off.
4. Wooden Deck Addition (80.5% ROI)
Wooden decks are a very popular way to expand your living space, entertain guests, enjoy a picnic, or just relax. They are also very appealing to home buyers and can greatly increase the value of your property. We recommend installing a sturdy deck which will stand the test of time. Also, be sure to protect it with a professional exterior finish to prevent weather damage.
5) New Window Installation (74% ROI)
If your home still has drafty single-pane windows, potential buyers will definitely give them the stink-eye. Most likely they will either run away quickly or will insist that you drop your price by tens of thousands of dollars. Replacing old windows can really brighten up a home, make it more energy efficient and dramatically increase its appeal to buyers.
So, as you consider your home renovation options, keep in mind these top five ROI boosting renovations. Other renovation ideas you may wish to consider include adding an en-suite bathroom, master-suite addition, garage addition, bathroom addition, replacing insulation, a steel front door for home security, new vinyl siding and a garage door replacement.
For more information or to Quote a Home Renovations Project please contact:
Barry the “Builder”
778-558-5461 – BND Construction Ltd.
“My cell is the best place to reach me as I’m usually on the job site.”