Money put into a home often does not equal money earned when selling a home, in fact very few home improvements earn back their cost when your home is sold. To a degree the value of a improvement depends on the nature and location of the home but there are a set of general rules you can follow to help earn the most from home improvements for those living in London Ontario Canada or Middlesex County.
Best Home Improvements
Kitchens and Bathrooms. Kitchens and Bathroom are a safe best as long as its not too ornate and expensive.
Especially in older homes, these improvements tend to add value to a home. Stay away from anything personal or ostentatious, you may love your granite counter tops but cannot expect buyers to pay extra for them.
Roofs and windows. Roofs and windows are
expensive to replace, and buyers expect these to be in good
condition. Unfortunately, that means that while replacing them won't
dramatically increase resale value, not replacing them
could significantly decrease it.
Hardwood floors. Especially on the main
floor, hardwood is perennially popular with buyers. If your floors
are refinished but worn, have them lightly sanded and resealed. If
they're very beaten up consider replacing them.
- Wood Deck. Wooden decks allow home owners to enjoy their yards more, as well as make your home seem larger. Home owners who have added a wooden deck sell their homes for significantly more.
Worst Home Improvements
Pools and Indoor Hot Tubs. While pools and hot tubs can be fun, they are considered by many to be just expensive, energy-guzzling extras.
Turning a three-bedroom into a two-bedroom home. Even
if that third bedroom is miniscule, it’s still a bedroom. No matter how
spacious your newly enlarged master bedroom or how luxurious that new
spa bath, the demand for two-bedroom homes is significantly smaller than
for three-bedrooms, and they command considerably lower prices.
-
Garage conversions. Garage conversions can give
homeowners much needed space, but buyers like having garages, so
converting this space usually won't increase value.
- Cheap laminate or vinyl tile flooring. Some types of
laminate are attractive and practical; others just look cheap and fake.
Especially avoid peel-and-stick vinyl tiles or be prepared to replace
them when you put the house on the market.