TOP 5 ROOMS TO RENOVATE
Updated: Nov 10, 2021
By Ali Kaya
When deciding to renovate your home, you'll have questions about materials, design, timelines, order estimates, budget quotes, and which areas could give you the best return on investment (ROI). While updating your home is a great idea no matter what, you should be aware of where the best rooms are to renovate if you're working with a budget. In this article, we will go in depth on the Top 5 areas of the home you ought to renovate for the best return!
For the sake of this article, I will refrain from mentioning general areas of the home such as floors, hallways, stairways, etc, and focus solely on rooms and specific areas of the house. So, let's go!
The kitchen in today's market is no longer used solely for cooking and preparing meals. It's a workplace, an entertaining area, a recreation area, and still the place we use to cook our meals. In most homes, it is the highlight of the main floor and the single biggest area of focus when buyers walk through the door. Even if the home is a 5/10 everywhere else, if the kitchen is a 9/10; the buyer's will consider your home. No other area of the house has quite the power like that!
When updating your kitchen, do exactly that; up the date on it. Make it standard in today's design. Create a modern kitchen with neutral colours and a personal touch from you! Creating more space within the kitchen is also a great add on. Both in storage space and walk space around the appliances and island. To finish it off, buy the best appliances you can within your budget. Smart appliances are always your best bet. Remember, recreating the kitchen to fit today's standards and preferences will always give you the best ROI.
The master en-suite is often overlooked as a place to renovate, however it is one of the most important rooms in the house. It is where the owners of the home spend their first minutes of the day and their time relaxing in a nice bath. Having an updated master en-suite can really put you in front of the competition when listing your home. People nowadays love modern spaces, kitchens, and bathrooms. With a bathroom, depending on the size and shape of the space; you really are limitless on what you can do. Whatever you choose to come up with, be sure to keep it neutral and modern with a flair of intimacy and coziness.
The basement suite over the past 6 years has become a major advantage in real estate today. As more and more people are renting out their spaces downstairs, renovating the basement suite can pay off in a big way. Depending on the space, a simple updating is all you really need. Most basement suites aren't the biggest spaces and you don't need the best and most expensive materials and appliances. If the suite has carpet, I highly recommend some laminate or engineered hardwood. Are the walls a bit old fashioned? Paint it yourself! Is the kitchen in need of work? Replace the appliances and re do the kitchen. It doesn't take as much time or money as you think and it will give you a boost in ROI!
Ah the living room. Where families come to enjoy their time together and guests are entertained. Updating the space where a family spend most of their time at home is never a bad idea. With living rooms it's tricky. Generally speaking, most living rooms need just a fresh coat of paint, some more storage space, a more open concept floor plan, better flooring, and possibly a modern fireplace. Sounds easy right? Joking aside, living rooms can sometimes be the trickiest place to renovate simply because you need this space to be in line with the rest of the main floor design. Most of a renovations costs goes towards the kitchen and living room as lots of people like those 2 areas to flow seamlessly into one big shared space. With a living room update, focus on the materials and how the space looks as a whole. You can never go wrong with updating the main room of the home!
When buying a detached home buyers are looking for space, both indoor and outdoor. When that space looks better than every other home, it leaves an impression. Nowadays as our summers are becoming hotter, and our winters are becoming milder, people are entertaining outside more than ever. Depending on your space, you can really jazz up the backyard to fit your homes style and design. There's nothing better than going outside to your private deck or large backyard that's been landscaped and updated with a fire pit and seating. If you have a bigger budget, add an outdoor BBQ as well! Creating a serene space outdoors can never be a bad thing, especially for your wallet!
In today's market, updates and renovations go a big way. Buyers nowadays want something modern, neutral and open which won't entail you to break the bank in order to accomplish. Simple fixes and updates are always a good bet when trying to get the best ROI. But when you're looking to really renovate and fix up your home, these 5 key areas are definitely places you want to focus on.
Thank you very much for reading another article and I sincerely hope you received some value and insight. It's not always the easiest to update your home prior to listing, but it can be a very enjoyable experience that also makes sense financially. If you're looking for more information or have questions you can always contact me. If you're also looking to buy or sell real estate in the Lower Mainland you can reach out, I'm always a call away. Thank you again and I hope to have the pleasure of working together. Talk soon and enjoy the rest of your day!
By Ali Kaya