It’s important to prioritize your renovation projects so you don’t waste time or money on unnecessary work.
Here are some smart tips for budget-friendly renovations that will increase your property value.
Color, but not too much!
A fresh coat of paint can truly transform your rooms! Opt for neutral, calming colors that appeal to a wider range of potential buyers. Fresh paint also helps eliminate odors caused by smoke, pets, or time.
Lots and lots of light!
We often forget, but beautiful, up-to-date lighting can make all the difference. To create a calming and inviting atmosphere, replace your old fixtures and choose new lamps and pendant lights that suit your home’s style.
Bright ideas to highlight your rooms:
- Install a pendant light in your dining room to highlight your table or kitchen island. Remember to adjust the height of the light fixture based on your ceiling height to create a visually harmonious effect.
- Replace your light switches with newer models and add dimmer switches. Make sure they are compatible with your existing bulbs and electrical system. This will allow you to adjust the lighting to suit your needs and create different atmospheres.
- Be sure to replace any burnt-out light bulbs before a showing to avoid raising any concerns among potential buyers about the home’s electrical system.
- Don’t forget about your exterior lighting. It can greatly improve the look of your home.
Attention to detail is key for immaculate interior finishes.
Without spending a fortune on renovations, you can make a few small improvements to increase your home’s appeal.
Damaged trim and ceiling moldings
If your moldings have been damaged by wear and tear or pet-related accidents, consider repainting or replacing them to restore their appearance.
Matching door handles
Harmonize your home’s look by standardizing all door handles to reflect your style. If you want to refresh the look of your kitchen or bathroom cabinets without breaking the bank, replace the cabinet hardware. Quick and easy!
Up-to-date faucets
Update the look of your kitchen and bathroom by replacing your faucets. Ensure your existing plumbing is in good working order before making any changes. These simple updates can significantly enhance the appearance of these rooms without the need for a full-scale renovation.
Rusty electric baseboards
If your electric baseboards are rusty or damaged, consider upgrading to more modern models. They offer a cleaner look and can provide both economic and environmental benefits.
Well-insulated windows
Often seen as a costly expense, replacing windows is actually a profitable renovation. In fact, if you’re looking to increase your property value for resale, the Canadian Institute of Appraisers estimates that over 60% of the costs associated with this renovation will be recouped at sale. New windows are a strong negotiating point when selling a home.
Cabinet refacing for kitchens and bathrooms
Cabinet refacing involves covering the exterior surfaces to update their look and give them a new style without having to change the entire layout of your kitchen and spending a fortune. You can choose from a variety of colors, textures, and finishes.
Let your real estate broker advise you!
Discuss your project with your Proprio Direct real estate broker! They will guide you in making the right choices, regardless of your situation.