House & Home
Basement Apartments
As Greater Toronto REALTORS
The Top Renovation Projects That Yield Most Return on Investment
There is no doubt that homeowners want to get the biggest return on their investment (ROI) when they decide to sell their home. You can easily increase your home’s value by performing a few renovations.
These renovations can vary widely depending on the type of home that you have and the amount of money you are willing to spend to boost the appeal and value of your home.
Even the slightest amount of change to your home will help. It is a consensus among real estate agents that renovations prior to selling your home absolutely impacts your return on investment. However, there are definitely some renovation projects that will be more fruitful than others.
Bulging with Stuff? Time to Trim Down
The boxes of new toys vying for space. The mail piled up by the door. And the holiday decorations that have cross-pollinated with your belongings. It’s no wonder decluttering is now a top New Year’s resolution, right up there with dieting and exercising.
“People are looking around and seeing that their whole house needs a diet,” says Jacki Brown, the president of the Professional Organizers in Canada.
While most of us won’t cross over into dangerous hoarder territory, hoarding expert Randy Frost says even for well-functioning people, a jam-packed basement and attic could be a harbinger of things to come. “As people get older, these problems tend to get worse.”
Is your home inspection out of date?
Most people think about getting a home inspection when they buy a house, and with good reason. I think anyone who buys a house without paying for a professional home inspection is crazy.
Some people even decide to get a home inspection when it’s time to sell their homes. That’s also a good practice, as far as I’m concerned. A pre-listing inspection lets the seller and buyer know exactly what they’re getting into before they exchange hundreds of thousands of dollars.
I’m here to tell you there’s a third time you might want to think about getting a home inspection: today.
