Fall is a great time to consider renovating your home, and with good reason. It’s important to determine which of those changes to your home will give you the best return on your investment.
The days may be shorter at this time of year, but there’s still a lot of daylight to work with. Workers can get to your job site early and they won’t be too hot or too cold.
Contractors tend to be very busy in the summer months and you may have a hard time booking within ideal timelines. In the fall they’re entering into their off-season and will more than likely be able to work on your preferred start date.
Home renovations cause a lot of disruptions for everyone in the home, especially kids. Once they head back to school it’s a bit of a breather and your trades can work without interruption.
Bankrate.com lists the top projects that provide your best return on investment, including: garage doors, manufactured stone veneer, entry door replacement, deck addition, and a minor kitchen remodel.
Great garage doors give a lot of curb appeal. You can recoup 98 per cent by replacing old or broken doors with sleek, silent ones.
Switching vinyl siding for stone veneer can make your home look instantly aesthetically pleasing. By considering this option, it will earn you back over 97 per cent of the cost.
Entry doors come in many colours and styles with a myriad of window inserts to enhance your home. Bankrate.com suggests that a factory-finished 20-gauge steel door will recoup over 91 per cent.
A simple 16 x 20 foot wooden deck with a railing and pressure-treated wood posts provides over 82 per cent of the money back in your pocket when you wish to sell.
In the kitchen, even a minor upgrade recoups about 81 per cent of the cost. Replace cabinet doors with modern shaker-style panels and door fronts. Replace the countertops and add new energy-efficient appliances, a new sink and faucet, and new flooring.
Before you sell, think about which improvements you might need to make in order to get your ideal sale price.
Whether you’re buying, selling, planning a move or just need a little advice on real estate or the Cambridge, Kitchener and Waterloo Region, contact us at www.royallepage.ca/crown or call (519)740-6400.