If you’re renovating to sell your home, you might be interested in knowing which specific renovations will get you the best return on your investment. These renovations, when necessary, are important in attracting buyers while also increasing the value of your home before you sell. Some of the renovations that work vest when selling your home are more expensive than others, but each will provide you with a great return on your initial investment so you have the option of choosing ones that will fit your budget the most.
The best renovations for a return on your investment from most expensive to least expensive:
Add an income suite. An income suite is a big project, but it offers a return on investment that is just as big. Many buyers will see a huge appeal in a home that they can generate income off of with a basement apartment or other type of income suite.
Kitchen and bathroom renovations. Kitchen and bathroom renovations are also expensive projects, but the value they can add to a home is (nearly) priceless. Kitchens and bathrooms are the number one and number two selling points in any home.
Flooring an fixtures. New flooring (especially hardwood) and modern, updated fixtures can help update the entire home while you spend less. These are the most low-cost investments you can make when renovating to sell that still offer a high return.
What kind of renovations would you recommend to someone who wants to sell their home?
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