Whether you’re planning to sell in the near future or further down the road, it’s crucial to choose your renovations wisely. Given that it’s a significant investment, it’s best to opt for home renovations that add the most value to avoid throwing your money away.
Which are the best home renovations for resale value? ROCHON – kitchens and bathrooms presents the most profitable renovations when it comes time to sell your property.
Revamping the kitchen
A well-known truth: the kitchen plays a central role in the overall evaluation of your home’s value. According to the Appraisal Institute of Canada (AIC), the return on investment can range from 75 to 100% for kitchen renovations!
Start by identifying elements to improve to target the winning upgrades. One of our kitchen designers in Quebec can help you achieve an impeccable and harmonious result that will appeal to potential buyers.
Redoing the bathroom
A modern and functional bathroom is another major asset among home renovations to increase value. Although a complete renovation can be costly, it brings peace of mind appreciated by buyers; according to the AIC, the return-on-investment ranges from 50 to 100% depending on the modifications made.
Our partner, Gereco Construction, helps you bring your new layout to life, including popular additions like heated flooring.
Interior wall painting
Repainting is a simple but effective improvement. While following current trends, opt for neutral, soft, and bright tones that remain unanimous among most visitors. They can better visualize themselves in the space and appreciate the possibility of matching their existing furniture. Besides color, focus on the quality of the paint. Professional work is highly recommended for impeccable results.
Exterior wall painting
While it’s said not to judge a book by its cover, first impressions are still crucial. Even if you have brand new interior decor, your siding could overshadow it! Both inside and out, painting offers a return of 50 to 100%. Don’t forget the details that make a difference, such as the balcony, patio, and front door.
Replacing the flooring (Hardwood)
Who hasn’t been won over by the sight of beautifully crafted hardwood flooring? Noble materials can indeed cost a bit more, but they leave a lasting impression. For this reason, replacing the flooring is one of the best home renovations for resale value, especially if your current flooring is aged or worse, if it’s a floating floor. Hardwood brings warmth and elegance, not to mention its reputation for durability.
Maximizing storage space
To declutter your space and simplify your daily routine, nothing beats a well-organized environment. Clever storage spaces can positively impact the home value. Consider exploiting the heights to maximize space. Custom-made furniture can be particularly interesting if you have smaller rooms you want to enlarge visually.
Custom furniture
Custom furniture not only allows you to create a unique style but also to use space optimally. You get furniture that perfectly matches your design, both elegant and functional. This also gives your home a sophisticated look, making it more attractive to visitors.
By collaborating with our designers, you’ll get a design entirely tailored to your needs. We also partner with Dorr Industries to customize your doors and cabinet doors.
Replacing doors and windows
This renovation enhances the value of the home, offering a return of 50 to 75% according to the AIC. Indeed, new doors and windows add value, not to mention they can improve energy efficiency. They notably help prevent drafts, which can be costly in the winter!
Improving energy efficiency
Energy efficiency is a major concern among today’s buyers, who wish to reduce their heating and cooling costs. Replacing doors and windows is part of renovations that improve energy efficiency, especially if you opt for high-performance windows. Generally, improving thermal insulation is a wise advantage to highlight.
Redoing the roof
All homeowners know that roofs will need to be renovated sooner or later… but all also hope not to have to worry about it too soon. Redoing your roof before selling ensures peace of mind for buyers and prevents damage such as leaks. This renovation offers a return on investment of 50 to 80%.
Finishing the basement
An attractive, functional basement maximizes living space, which is particularly attractive for families or people with a variety of hobbies. Finishing your basement offers a return of 50 to 75% according to the AIC: an excellent reason to finally tackle the task.
Adding a garage
To protect your car from the elements and theft, a garage is highly valued by visitors. Additionally, it can serve as extra storage space. With a return of 50 to 75%, this investment is particularly profitable.
Asbestos decontamination
Last but not least, the safety and health of occupants play a central role in the choice of a home. Asbestos decontamination is often necessary and can significantly improve the value of your home.
If you’re planning to sell or buy a property, visit Vistoo, the intuitive real estate listing platform that helps buyers find their home in the regions of Montreal, Gatineau, Quebec City, and beyond. Brand new constructions in perfect condition await you!
Get ready to sell with home renovations that add the most value. The ROCHON team will assist you and provide design advice for a good return on investment. Contact us to schedule an appointment with a designer.