When it comes to home renovations, one plus one does not necessarily equal two. The money invested in improving your home will not always translate into an equivalent return in the selling price of your home. However, with planning it is possible to both increase the salability of your Mississauga home/condo and even profit from your home renovations.
Renovations do not have to be extensive or expensive to earn a high rate of return. In fact, one of the cheapest and simplest improvements yields one of the highest paybacks. According to a study by the Appraisal Institute of Canada (AIC), a fresh coat of paint on interior walls returns an average 73 percent payback. The Appraisal Institute of Canada has developed RENOVA, an interactive guide to the value of home improvements. The guide can give consumers some idea of the return on investment for a variety of home improvements, i.e.; payback value range derived from the cost of the improvement expressed in dollars.
Amit can help you retrofit your existing homes that will save energy, lower utility bills, improve environment, lower your ecological footprint and receive energy saving government grants or incentives. These green friendly home improvements will also yield a solid return when you will sell your home.
To maximize saleability ensure that your new décor is modern and tasteful. Choose shades of white and tame versions of popular colours. Steer away from too many personal touches and custom work if you plan to re-sell. It is unlikely that your investment will be recouped and it may prevent the quick sale of your home. Also, try to keep renovations in harmony with the fashion of your neighbourhood.
The kitchen and bathroom are key areas to focus your renovation attentions. With average paybacks of 72 and 68 percent respectively, new fixtures, cabinets and tiles could be well worth the money and/or time and effort.
Call Amit, if you are thinking to renovate to sell your Mississauga home or condo. With his background in interiors, Amit can show his clients, areas of their property that could benefit from smart renovations to increase home's value and salability.
Amit can guide you when it comes to receiving government grants for energy conservation programs of Peel region.