Thinking of selling your home? Smart renovations can increase its value and attract buyers. According to the RE/MAX 2021 Renovation Investment Report, over half of Canadians renovated their homes, with many considering return on investment (ROI). Here’s how to get the most out of your home improvement dollars:
1. Fresh Paint for a Fresh Look
A simple coat of paint can transform your home, making it modern and inviting. Professional painters can recommend color schemes and ensure a flawless finish. White tones are timeless, brighten spaces, and make rooms appear larger in listing photos.
Estimated ROI: Up to 60%
2. Strong Structural Upgrades
Buyers value a home with solid “bones.” Consider fixing the roof, upgrading windows, and waterproofing the foundation. Energy-efficient windows can recover up to 80% of the installation cost.
Estimated ROI: 70-80%
3. Doors & Hardware Upgrades
New front and interior doors, updated locksets, and decorative trim can enhance your home’s look. Quality materials and skilled installation are key for maximum impact.
Estimated ROI: 50%
4. Kitchen Makeovers
A stylish kitchen is always a top draw. Consider replacing countertops with quartz or granite and upgrading appliances. Repainting cabinets can also refresh the space without a full remodel.
Estimated ROI: 75-100%
5. Bathroom Enhancements
Modern, well-designed bathrooms impress buyers. Upgrades like frameless glass showers, new vanities, and chic tiles can make a huge difference.
Estimated ROI: 62%
6. Flooring Updates
Replace worn carpets and outdated vinyl with hardwood or stylish laminates. Proper installation is critical for a polished look. Avoid overused DIY flooring trends that may deter buyers.
Estimated ROI: 100-150%
Ready to Renovate?
Enhance your home’s appeal and maximize its value. For expert advice on how renovations can impact your home’s marketability, connect with a RE/MAX Performance agent today!
