Maybe. Not all homes should be renovated before selling. Often home owners upgrade as much as possible before putting their house on the market only to find that they didn’t get the return on investment that they were expecting. However, when planned properly and done right, renovations can significantly increase the return on investment when selling. For this reason we strongly recommend consulting a contractor before deciding whether or not to renovate. With that being said, here are some of the top projects that will give you the best ROI when selling your home:
Renovate Your Kitchen
Kitchens are on the top of everyone’s mind when it comes to buying a house. With all the new construction happening in the Lower Mainland, buyers’ expectations of a kitchen are higher than ever. Consider upgrading cabinets, adding a modern backsplash, putting a fresh coat of paint on the walls, and/or upgrading appliances. Small items such as modern looking lighting and fixtures will also go a long way.
Add an Income Suite
Adding an income suite will almost definitely increase your ROI if your home does not already have one. Your home should sell faster and for more money if there is an option for the buyer to make money on their investment as well.
If the bathrooms stink, are dirty or old-looking, buyers are less likely to purchase the home. Consider adding modern looking tile, updating the cupboards and adding a few new fixtures to turn it into a brand new space.
If you are considering doing renovations before selling your home, let us guide you. At Jedan Brothers Contracting we will give you honest advice and a professional opinion. For more information, contact us today at 604-968-3076 and we will be happy to help!