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Top Six Renovations to Add Value to Your Home - Property buyers in Hamilton Ontario
  1. Painting and Interior Decor: A little money and a little elbow grease can make a positive impression on property buyers in Hamilton Ontario. Few things work as well as paint for changing the entire look and feel of a room at a fraction of the cost of major renovations. If you want to appeal to a broad range of Hamilton Ontario property buyers, your best choice is neutral tones. New paint on the walls and touching up the trim can turn a $700 initial investment into a 200% return on investment in your final sale price.
  2. Sprucing Up the Kitchen: For Hamilton Ontario property buyers, the kitchen is the most important room in the house and can bring the biggest returns. How much money you put into a kitchen renovation is completely up to you. A minor repair can cost as little as $8,000 while a full-scale remodel can cost upwards of $25,000. How much you spend depends on your neighbourhood. Don't over-remodel your kitchen. A high-end kitchen in a low-end neighbourhood won't raise your house's value enough to return your investment. If you make the right renovations, an updated kitchen can see a return on investment in excess of 70% at resale.
  3. Adding a Bathroom: Property buyers in Hamilton Ontario are normally looking for a house with two or more bathrooms. Although you might baulk at spending $10,000 to add another bathroom, it could mean seeing a 100% return on investment when you sell your home. If you're in a better neighbourhood and already have two bathrooms, you'll want to consider adding a half bath.
  4. Painting the Exterior: First impressions mean everything. Few things are less appealing to Hamilton Ontario property buyers than pulling into the driveway of a building with peeling paint and a neglected exterior. A fresh coat of paint makes a home look newer, and could earn you as much as a 65% return on investment when you sell your home.
  5. Upgrading the Floors: Carpets are out. Property buyers in Hamilton Ontario want to see hardwood flooring, so tear up those carpets and refinish the scratched hardwood in your house. If you don't have hardwood floors, invest in a classic-looking, scratch-resistant floor. It can mean a 62% return on investment.
  6. Replacing Windows/Doors: Hamilton Ontario property buyers are also keen on being green. New windows and doors will not only improve the appearance of your home but also improve its energy efficiency. Expect a return on investment of 57% at resale.

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Top Six Renovations to Add Value to Your Home

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