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Key areas for renovation
Apr 04, 2016
Three Key Areas for Renovations in re-selling your home
If you are planning on renovations with an eye for selling it’s wise to focus on the ones that will yield top dollar. There are three main areas which will boost your asking price.
Kitchens and Bathrooms.
Elli Davis, a real estate agent for Royal LePage says a renovated kitchen or bathroom can yield a return of 50% or more of your investment. Many buyers are attracted to renovated kitchens and bathrooms so they don’t have to deal with the cost and inconvenience. Therefore when renovating to sell it would be wise to seek a professional and choose finishes that appeal to a wide audience. If you pick a colour that you like but it is not for everybody it reduces your audience. Not everyone would like a pink kitchen, for instance.
It is also important to keep the height of the countertop and cupboards comfortable for the average person.
If your property has room for growth, Davis says a family room is a wise investment. The hub of the house is the kitchen and family room. One way to do this is to switch to an open concept kitchen and living room space, which many modern families prefer as it reflects a more casual lifestyle. Additional living space on the main floor yields a higher return than a finished basement.
The first impression of your home is the curb appeal. A well landscaped yard shows pride of ownership and Davis says it can do a lot to boost your home’s value.
Clean up the front yard, perhaps create a pathway to the front door, add some potted plants or even paint the front door.
Adapted from Lisa Evans Metro