HOW TO MAKE SMART INVESTMENTS IN YOUR HOME IMPROVEMENT:

Home improvements in many rooms can make us happier and create a more enjoyable living environment. But some of the most important home renovations are those that will generate a return when you sell. Before you dole out a deposit for your next bathroom remodel, kitchen renovation or basement upgrade, take a look at the top five home improvements that will generate the biggest return.

Garage door replacement

When it comes to welcoming buyers to your home, their first impression starts at the curb. As they arrive at your home, they’re immediately making a judgment call based the exterior appearance. While landscaping and gardening are important, your garage door is a large exterior focal point that cannot go unnoticed. That’s why it tops the list of home improvements that generate large returns.

According to Remodeling magazine, the average cost to replace your two-car garage door in 2019 is about $3,600, which will recoup approximately 97 per cent upon resale.

Minor kitchen renovations

Kitchen remodels can improve how you cook, entertain and celebrate in your home. As a key focal room in any home, kitchen renovations can also boost your home’s value and make the property more appealing to buyers. Even if you can’t do a complete gut job in your kitchen, minor renovations such as re-facing cabinets, replacing appliances and updating light fixtures will go a long way in modernizing the space.

According to Remodeling magazine, the average cost to undertake a minor kitchen remodel will tally up to about $22,500 (depending on your specific upgrades), which will recoup approximately 80 per cent upon resale.

Wooden deck addition

Especially in smaller homes, square footage is premium. If you have the capacity to capitalize on outdoor space, adding a deck will do wonders to increase the square footage of your home outside.

According to Remodeling magazine, the average cost to construct a wooded deck sized at 16 by 20 feet with railings is about $13,000, which will recoup approximately 75 per cent upon resale.

New front door

Much like your garage door, the front entrance of your home is an essential part of making a first impression. Paint and accessories (such as planter pots) can go a long way to boost the curb appeal of your entrance way. But when it comes to home improvement, a new entry door is a worthwhile investment.

According to Remodeling magazine, the average cost to install a new, steel entry door with half glass will cost about $1,800, which will recoup approximately 75 per cent upon resale.

Bathroom remodel

After a long day, many of us look forward to a long, hot shower or serene escape to our master bathroom. When staged as a spa-like retreat, many buyers are quickly coming to appreciate bathrooms as one of the home’s key focal rooms, in addition to the kitchen. Even if you cannot perform a complete bathroom renovation, smaller upgrades will go a long way to create a calm and clean environment.

According to Remodeling magazine, the average cost to perform a mid-range bathroom remodel is about $20,000, which will recoup approximately 67 per cent upon resale.

If you’re preparing for a home sale and looking to remodel, smart improvements will ensure you get the most return for your investment. But having a competitive advantage in today’s real estate market means looking at your home from a buyer’s perspective. The team at Maison Makeover will provide an expert professional opinion on the remodeling strategy that will yield you the highest reward for your home. We work with you to do a free inspection and provide a full report of our recommendations, including a quote and the new estimated market value of your home! Contact us request a complementary home makeover audit.