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Kitchen or bathroom facelifts can pay back 75% to 100% of their cost, depending on the renovations you make. Many real estate professionals agree that homeowners who renovate for the purpose of selling their home should focus on these two rooms.
Painting is a budget friendly makeover. Rolling on a new interior or exterior paint colour can generate a 50% to 100% return on investment. Design tip, if you are planning on selling your house, choose neutral shades over trendy colours that may not appeal to all buyers.
Upgrading your windows and doors can be a subtle but beautiful enhancement to both the exterior and interior of your home. The right window can impact the overall feel of the space. Besides aesthetics, upgrading to energy efficient, doors and windows, is a long‐term return on investment.
One of the most forgotten rooms in the house, the basement. If you are thinking about renovating your basement, consider that it will add value to your home, increase usable space and storage, but most of all fun and flexible. Imagine creating a home theatre to satisfy the whole family! Your basement is blank canvas, the ideas are endless.
Investing in a high‐quality heating system or furnace can pay off handsomely: in the same way as a roof upgrade, installing an energy‐efficient system generates an estimated 50% to 80% payback. If you’re worried about the cost of replacing your old appliances, keep in mind that these upgrades will make you benefit from an immediate reduction of heating costs and will make your home noticeably healthier and more livable.