There are several factors that can influence the value of your home — from the size and structure to the current prices of homes in your area. When you decide to renovate your property’s interior and exterior, you’re further contributing to its value — increasing your chances of earning a higher profit when it’s time to sell.
The benefits of replacing hardwood floors or adding custom windows in Canada are becoming increasingly important to homeowners and potential buyers. By taking the time and re-investing in your property, you’re not only modernizing the space but showing others how much you value your home.
We recommend investing your time and money into these five simple renovations for increased value on your home.
1. Increasing Curb Appeal
Your home exterior is the first impression for visitors or potential buyers. If your property is visually appealing, it encourages others to see what’s inside and starts the process off on a positive note. Investing in the landscaping of your home is an easy way to maximize your return on investment. Whether it’s a fresh layer of soil or sod or planting some low-maintenance shrubbery around the walkway, getting your hands dirty can add some needed visual elements to your home.
2. Quality Windows and Doors
Replacing the doors and windows in the home is a simple renovation that doesn’t involve extensive time or labour. Simple upgrades such as replacing hardware, a fresh coat of paint, and new trim can make all the difference. While you can save money on the materials for the doors, ensure you have someone you trust for the installation — unless you’re proven to be handy yourself.
When it comes to window installation, research companies in your area or ask friends for referrals — so you can be sure this particular project is executed correctly. If you skimp on quality window installers, you could risk drafts or structural damage to the home.
3. Upgrading the Floors
If your floors look tired and faded, it can negatively impact your home’s value. While it may not be in your budget to add authentic hardwood, there are plenty of cost-effective alternatives to suit your flooring needs and style. Using unique, DIY-based ideas can transform the space without stretching your budget.
4. Statement Lighting
If you’re looking to draw buyers’ eyes away from certain imperfections in the home, a statement lighting fixture could be the solution. Adding a visual element to draw the eye upwards is a unique way to add character to any space without spending a fortune.
5, Fresh Coat of Paint
Since the walls of your home act as the accents against your furniture and decor, it’s essential that they’re visually appealing. A simple, fresh coat of paint can do wonders for a dated room — and if you have the time and ability to complete the work yourself, your savings will skyrocket. If you’re planning to put your home on the market, consider adding a fresh coat of paint to the trim. The simplest renovations can often breathe in new life to a house and drive up its value.