<<< back to article list

5 Home Renovation projects that pay

Blog by Claire LeLacheur | March 22nd, 2011

The key to home renovation projects today is choosing the best places to sink your money, that give immediate gratification and make your house look great, plus will get you money back when the time comes to re sell that property.

If you are a handy person, then you can save on the costs of labor and do it yourself over the space of a few weeks and some takeout pizza and beer. If not then hire a contractor and get it done right the first time.

  1. Floors – replace worn out carpets or linoleum with hard wood or laminate, or if you have those wonderful real wood floors, refinish them to look like brand new. The floors are the first thing that visitors to your home see, so make them nice and spend a little bit extra to get good durable materials.
  2. Kitchen – 80% of the money you put into your kitchen will come back on the resale of your home. Buyers look at the feasibility of a kitchen in terms of everyday life and entertaining. Although it is important, there is no need to bust the bank here. New cupboards, counter tops and hardware and appliances can go a long way to making your kitchen shine.
  3. Bathrooms – 75% of the money you spend on the bathroom can be recouped. Again, no need to burst the piggy bank and go all out, if budget or time constraints doesn’t allow. New fixtures, sinks, and counters can make your bathroom updated in no time. Spa like features, like rain fall shower heads add that extra touch, and environmentally friendly alternatives like low flush toilets are extras, that speak volumes.
  4. Closets – fewer things make a home more aggravating then small or ill used closet space. Max out the organizational features in your closets by adding extra shelving and good lighting. People like their stuff and many cannot imagine their life without it. It helps to cement a house purchase if you know that you don’t have to give up your material things.
  5. Lighting – nothing is more annoying than the poorly lighted space. Better yet, nothing is more annoying then chintzy home depot (the cheapest you can buy) light fixtures. Spend the money and get good light fixtures that make statements for the principle rooms. Track lighting lights up a space and can be used to showcase art and other objects. Well lighted rooms make everything feel more spacious.

Top Vancouver Realtor