Planning to renovate your home? Here’s what you need to know to maximize your return on investment.

If you’re working on a home improvement project – whether for you to enjoy or in preparation to put your property on the market – you may be interested to know which renos will give you the most bang for your buck.

A kitchen renovation is the most worthwhile home improvement and has the potential to increase the value of your property by 20% (Source: Royal LePage).

A kitchen is perceived as the gathering place and the heart of the home. When a potential buyer views a home for the first time, the one thing that will stand out – for better or worse – is what the kitchen looked and felt like. They may not remember the size of the bedrooms or the colour of the walls, but they will remember the kitchen.

Highlights:

• Bathroom renovations can increase the value of a home by 16%.

• Finished basements and basement apartments have the potential to increase a home’s value by 15%.

• Outdoor entertaining space and landscaping have the potential to increase a property’s value by an average of 10%.

If you need help in deciding what is a worthy investment in a renovation project, talk to me!