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Looking for ways to upgrade your North York property while boosting its resale value? As any home renovation expert in North York would tell you, investing in the right remodeling projects can significantly increase your home’s market value and curb appeal.
Here, we’re discussing 5 profit-oriented home renovation ideas experts recommend for anyone aiming to maximize their property’s worth.
The kitchen is often called the heart of the home, and for good reason. According to Remodeling Magazine, kitchen remodels can offer a return on investment (ROI) of around 52.5%, making it a popular choice among homeowners. The demand for updated kitchens in North York is high, with features like energy-efficient appliances and modern cabinetry appealing to buyers.
Canary Construction, a well-known home renovation expert in North York, points out, “When you create a kitchen with a timeless design, you’re adding a universal appeal that buyers are willing to pay extra for.” With sleek countertops, under-cabinet lighting, and the latest appliances, you boost functionality and enhance aesthetic appeal.
Popular Kitchen Upgrades Include:
A bathroom renovation is one of the most cost-effective projects you can undertake. Industry experts estimate a well-executed bathroom remodel can recoup 60-70% of your initial investment. Moreover, professional home remodeling in North York has shown buyers appreciate high-quality bathrooms.
Modern bathrooms with thoughtful details and eco-friendly features are a big selling point. A bathroom facelift can be as simple as updating the vanity, adding stylish tile, or installing a frameless glass shower. These changes create a luxurious, spa-like ambiance, making your home stand out.
Trending Bathroom Renovations Include:
In North York, a finished basement is a game-changer for increasing your property’s value. According to the Capable Group, a finished basement can offer an ROI of up to 70%. By transforming an unfinished space into a functional area, you’re effectively adding square footage, which is highly attractive to buyers.
When you convert your basement into a usable space, like a family room or home office, you add more livable space that buyers find valuable. With the remote work trend, many buyers seek homes with dedicated office spaces, making basement conversions even more appealing.
Popular Basement Uses:
Energy efficiency is a hot topic among North York homeowners. Data from the Energy Star shows energy-efficient homes sell 2-8% higher in price, and buyers appreciate the reduced utility bills that come with them. Moreover, Ontario’s government provides rebates for energy-efficient home improvements, which helps reduce upfront costs for homeowners.
Canary Construction, an expert remodeling contractor in North York, recommends starting with practical upgrades like new insulation, LED lighting, and energy-efficient windows. “Not only do these changes make your home more comfortable year-round, but they also attract buyers who are willing to pay more for energy savings,” says our home renovation experts.
Top Energy-Efficient Upgrades:
First impressions are everything, and boosting curb appeal can significantly impact property value. In fact, studies show that landscaping alone can provide an ROI of up to 150%. In North York, where every detail matters, projects like repainting the exterior, adding modern lighting, and updating the front door are quick ways to boost your home’s appearance.
Simple exterior improvements can make a massive difference in how potential buyers perceive your home. Even small investments, like well-maintained landscaping or a new front door, can increase buyer interest.
Popular Curb Appeal Enhancements:
If you’re willing to maximize your investments, these 5 renovation ideas are proven paths to profit. Hiring a home renovation expert in North York, like Canary Construction, can help you assist in each step from planning to execution. With the right upgrades and expert remodeling contractors in North York, you’ll create a home that’s both beautiful and highly marketable.
