Thinking about selling? Renovate first!
If you’re thinking about putting your house on the market in the near future, maybe you should be looking at the latest trends in home renovations. This will help you to set your renovating priorities to facilitate the sale of your house.
In recent years there have been seven major trends in home renovations: rooms designed for home cinemas; hardwood floors rather than tiles or linoleum; built in kitchen appliances and kitchen islands; laundry rooms and offices on the ground floor rather than in the basement; not forgetting a hot tub on the deck.
If you decide to get into some major
renovations in order to give your home the same value as other houses in the same category, several types of renovation will give you a medium to high return on your money.
The following renovations will give returns varying from 50 to 75%: replacement of roofing shingles, the furnace, the heating system, windows and doors; the addition of a recreation room, a garage or a terrace; the installation of a fireplace or a central air-conditioning system as well as updating the basement and the replacement of floor coverings.
For renovations with much bigger returns, choose to invest in a new bathroom and kitchen as well as giving a new coat of paint to both the inside and outside of the house.