Not all reno projects will hit the jackpot, but the right improvements can certainly help boost the value of your home. Even if you are renovating for personal reasons only, it makes good sense to understand how that investment might payback in the value of your home. Here are five home renovations that consistently provide a good return on your investment:
Updated Kitchen
From refreshed cabinet fronts and new hardware to a full-on renovation with new appliances and flooring; buyers will notice your kitchen renovation.
Brand-New Bathroom
Bathroom renovations are among the most reliable in terms of boosting the overall value of your home. Popular mid-range renovations could include modern showerheads and faucets, and an attractive new sink and counter top.
Fresh Coat of Paint
Whether it’s inside or outside, a fresh coat of paint can work wonders on the overall impression of your home. The experts consistently agree that painting pays. Light and mid-range neutrals tend to appeal to the widest range of prospective homebuyers.
Blank Slate in the Basement
An unfinished basement is just an opportunity waiting to be exploited and a great way to increase the value and square footage of your home!
Energy efficiency
Upgraded heating and air systems are always good, and provide immediate savings on your energy bill. New energy-efficient doors and windows will spruce up the appearance of your home.
If you’re thinking renovation, but are unsure about how to pay for your remodeling dreams, talk to your mortgage broker. There are many solutions to finance your reno that will allow you to maximize your ROI, just ask an expert. Your mortgage broker finds solutions to unique financial situations every day, so you can relax and rely on a
professional to find the best answer to your financial questions.
