Renovation ROI: 6 Best Home Improvements for Boosting Property Value

Renovation ROI: 6 Best Home Improvements for Boosting Property Value

When it comes to home renovations, not all upgrades are created equal. It’s essential to know which renovations can increase your property's value and provide a solid return on investment (ROI). At Present Day Contracting, with over 17 years of experience in Mississauga, we help homeowners transform their spaces for both aesthetics and property value.

Here are the top home improvement projects that offer the best return on investment:

1. Kitchen Remodeling: The Heart of the Home

• The kitchen is often considered the heart of the home.
• Modern, updated kitchens appeal to buyers and can recoup 60% to 80% of your investment.
• Focus on high-quality cabinetry, energy-efficient appliances, and durable countertops.
• Timeless designs have broader appeal than following the latest trends.

2. Bathroom Renovation: A Touch of Luxury

• Bathrooms are key areas where renovations can yield high ROI.
• Minor updates like replacing fixtures and lighting can make a big difference.
• Consider adding a new bathroom or renovating with modern amenities.
• Luxury touches (e.g., heated floors, rain showers) can recoup 50% to 70% of the investment.

3. Energy Efficiency Upgrades: Green and Cost-Saving

• Upgrading to energy-efficient windows, insulation, and HVAC systems is a smart investment.
• Reduces utility bills and adds value.
• Buyers are willing to pay a premium for a cost-saving home.
• These upgrades can offer an ROI of 70% to 90%.

4. Adding Living Space: More Room, More Value

• Adding square footage almost always increases value.
• Options include a finished basement, loft conversion, or extension.
• A well-executed addition can offer an ROI of up to 80%.
• Ensure the addition blends seamlessly with the existing architecture.

5. Exterior Improvements: First Impressions Count

• Curb appeal matters.
• Landscaping, a new front door, or a fresh coat of paint can enhance attractiveness.
• These updates are low cost but can have a significant impact.
• Expect an ROI of 60% to 90% on these enhancements.

6. Smart Home Technology: The Future of Living

• Smart home technology (e.g., security systems, thermostats, lighting controls) is a compelling selling point.
• Especially appeals to younger home buyers.
• While ROI varies, smart home upgrades can make your home stand out.

Conclusion

Investing in home renovations can increase your property’s value, especially if you focus on what matters most to buyers. At Present Day Contracting, we balance improvements you’ll love with those that appeal to future buyers. Our team specializes in quality, stress-free renovations with transparent pricing and exceptional craftsmanship.

Ready to enhance your home's value?
Contact us at 647-303-7010 or presentdaycontracting@gmail.com for a consultation. Visit our website to view our portfolio of transformative renovations.

Remember, the right renovations not only create a more enjoyable living space but can also be a wise financial decision. Let’s make your home not just a place to live, but a smart investment for the future.

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