{"id":20488,"date":"2022-09-08T15:15:00","date_gmt":"2022-09-08T22:15:00","guid":{"rendered":"http:\/\/www.roryc.ca\/blog\/?p=20488"},"modified":"2022-09-08T09:29:22","modified_gmt":"2022-09-08T16:29:22","slug":"home-renovations-that-add-roi-for-resale","status":"publish","type":"post","link":"https:\/\/www.roryc.ca\/blog\/2022\/09\/home-renovations-that-add-roi-for-resale\/","title":{"rendered":"Home Renovations That Add ROI for Resale"},"content":{"rendered":"<p style=\"text-align: justify;\">Looking to make some upgrades and wondering which will have the biggest pay off? If you guessed kitchen and bathrooms, you\u2019re spot on. Another good one is landscaping. Whether they\u2019re big or small, a few upgrades can pay big dividends when it\u2019s time to sell your home. Follow these tips to prioritize and put more money in your pocket when you\u2019re ready to sell.<\/p>\n<p style=\"text-align: justify;\">Before you do anything, make sure you consider the value of your house, the neighborhood, the housing market where you live and how soon you will sell after you make the improvements. If you live in a neighborhood where properties are selling for $300,000, doing a $150,000 renovation may not add as much to your property value as you might think.<\/p>\n<p style=\"text-align: justify;\"><strong>Kitchens and Baths<\/strong><\/p>\n<p style=\"text-align: justify;\">One thing to keep in mind is that just because a remodel is expensive doesn\u2019t necessarily mean it will give you the best return on investment. Even minor updates can yield a big return. Consider painting, refinishing surfaces and upgrading appliances, which can lead to a big pay out.<\/p>\n<p style=\"text-align: justify;\">Sticking to a budget is always important, and keep in mind that an average, medium-sized kitchen remodel can cost between $20,000 \u2013 $50,000, while the average bathroom remodel is $10,000. In most cases, homeowners see a return of a 100% or more with a kitchen or bath remodel, so it\u2019s definitely well worth the investment. Plus, you get to live in a beautiful new space.<\/p>\n<p style=\"text-align: justify;\"><strong>A Finished Basement<\/strong><\/p>\n<p style=\"text-align: justify;\">If finishing your basement is something you\u2019ve been putting off, now might be the perfect time. According to cost versus value surveys conducted annually by Remodeling magazine, \u201cThe average return on investment for a basement project is around 75 cents on the dollar. Besides the financial gains, refinishing a basement will add new functionality to your home: more bedrooms, more efficient storage and more space for entertaining.\u201d Seems like a sure-fire win, win.<\/p>\n<p style=\"text-align: justify;\"><strong>Add Curb Appeal<\/strong><\/p>\n<p style=\"text-align: justify;\">When buyers see that the outside of the property is taken care of, they\u2019ll be more excited to see the inside. Remember, first impressions make lasting impressions. According to Anji, \u201cCurb appeal can increase your home value by 7%. Buyers are increasingly prioritizing outdoor living spaces and an attractive lawn has the biggest ROI at 256%. Trees can add $1,000 to $10,000 to your home value and simple landscape maintenance tasks usually pay for themselves.\u201d<\/p>\n<p style=\"text-align: justify;\">Whether you\u2019re in the market to sell your home or just want to make some budget-friendly renovations that you and your family can enjoy, making the right upgrades can help enhance your quality of life and add a few more dollars to your bank account down the road.<\/p>\n<p><a href=\"https:\/\/blog.coldwellbanker.com\/home-renovations-that-offer-the-best-roi-for-resale\/\" target=\"_blank\" rel=\"noopener\">Home Renovations That Offer The Best ROI for Resale<\/a> by Gustavo Gonzalez | CB Blue Matter<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Looking to make some upgrades and wondering which will have the biggest pay off? If you guessed kitchen and bathrooms, you\u2019re spot on. Another good one is landscaping. Whether they\u2019re &hellip; [<a href=\"https:\/\/www.roryc.ca\/blog\/2022\/09\/home-renovations-that-add-roi-for-resale\/\">read more<\/a>]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10],"tags":[],"class_list":["post-20488","post","type-post","status-publish","format-standard","hentry","category-home-lifestyle"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Home Renovations That Add ROI for Resale &#8226; Rory C Real Estate | Oakwyn Realty<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.roryc.ca\/blog\/2022\/09\/home-renovations-that-add-roi-for-resale\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Home Renovations That Add ROI for Resale &#8226; Rory C Real Estate | Oakwyn Realty\" \/>\n<meta name=\"twitter:description\" content=\"Looking to make some upgrades and wondering which will have the biggest pay off? 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