What adds most value when renovating a house?

Vinyl coating, paint, front entrance (updated). Stone always imparts a classic and classy atmosphere.

What adds most value when renovating a house?

Vinyl coating, paint, front entrance (updated). Stone always imparts a classic and classy atmosphere. Replacing vinyl siding with stone cladding, even in a part of the house, such as the entrance, can greatly improve the exterior and, once again, the curb appeal of a home. The average cost estimate takes into account 36 linear feet of thresholds, 40 linear feet of corners and a steering block, and materials that include two layers of water-resistant barrier and corrosion-resistant slats and fasteners.

This project also recovers almost all of its cost (just over 91 percent). An outdoor kitchen that goes beyond the grill with features such as cabinets, countertops, a bar, and a small sink or refrigerator enhances the luxury and charm of outdoor dining and entertaining. Our agents say that buyers especially like a combination of grill, sink, fridge and bar center (46%), as well as a retractable awning or awning for shade (34%). A Bank of America survey found that more than 70% of Americans undertook home improvement projects during the COVID-19 pandemic, with millennials spending the most.

Bathroom and kitchen renovations are the most popular home improvement projects. You can expect to recover 75% of your investment (according to the Canadian Evaluation Institute). Replacing an outdated vanity, old plumbing and lighting fixtures, or adding a new tile floor will ensure a great return on your money and give your bathroom a modern, updated look. If the goal is to add value to your home, the kitchen is likely the place to start.

Conventional wisdom says that kitchens and bathrooms sell houses. How much will a new kitchen increase the value of your home? According to Zillow, kitchen renovations offer up to 80% return on investment. Depending on how you choose to renew, you could get more or less benefits from this investment. From insulation to electricity, some of the most important value-adding home improvements aren't always visible.

Improving the energy efficiency of your home is important to buyers and can also save you money. Updating the most visible parts of your home, namely the kitchen and bathrooms, tends to offer the best value for money. In the bathroom, she advises that it look “functional and clean”, painting it and replacing the medicine cabinet with an updated model, as well as refreshing the tile and the vanity and re-glazing the bathtub. In addition, consider installing new countertops, upgrading the sink, and modernizing the cabinets and perhaps also the floor.

If you're moving a home for the first time, hire an experienced general contractor and oversee the repairs, but be sure to ask for several quotes and don't do unnecessary renovations. According to Remodelling magazine, you can expect a 75% return on investment for your basement renovation. And a high-quality, decouplable and waterproof system under the tiles is also an absolute necessity if you want your renovation to last. Energy companies can offer discounts and incentives to add insulation to make your home more energy efficient.

If you opt for a complete renovation and remove all existing cabinets and accessories, pause to ask if the existing floor plan is as modern or efficient as it could be. Online resources, such as Zillow and Trulia, are easy and free places to start, but you can also work with a real estate agent who is very familiar with the neighborhood before renovating to help you decide which are the best home improvements with resale value in your market. To help you with that, here's a guide to renovations that will or won't raise the price of a home in New York when you're going to sell. Even if the carpet on your floors is in great shape, it will add value to your home instantly by replacing it with hardwood, especially if you have a pet.

Even adding a bench, hooks and built-in cubicles to the entrance of a small lobby creates this natural stopping point and perceived added value, Provencher says. That's why, before you decide to undertake a remodeling project, it's useful to know what kind of return you could expect, that is, how much of your costs you will recover, in terms of increasing the value of your home and the selling price when you put it on the market. . .

Blanche Stavrou
Blanche Stavrou

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