As I’m a real estate agent, people ask me questions about making renovations to their Mississauga house. They usually want to know how much their Mississauga house is worth after doing said renovation. I’m quick to remind them that no matter which renovation they do, it’s not guaranteed they will make back their money for various reasons best left for another blog. But, I point out the most popular renovations buyers are looking for are these…
- Kitchens. From the perspective of selling you want to attract as many people as possible. Demographics show that men are cooking more often today. Therefore, it only makes sense to renovate a room that will be used by both males and females. Costs for upgrading cabinets, appliances and counter tops can get pricey quickly, but people are usually willing to pay more for a house that has a beautiful kitchen because they know it’s expensive.
- Bathrooms. This is a room used by everyone and nothing turns off people quite as much as a beat down bathroom. Spending money on tiles, bath tubs, sinks and fixtures can also get up in costs, but buyers are willing to pay more because they don’t have to do it.
- Windows and Doors. In my opinion this is the third effective way to increase the value of your home. Buyers can see value in a nice entrance door (curb appeal) and in having new glazing that reduces heating and cooling costs. Once again, it’s something the new owner would have to do eventually, so having it already done is very appealing.
All three renovations stated have a couple things in common. That is…they can be seen in day or night, or season, which is always good for selling to potential buyers. These suggested renos also cost money but add value. Buyers know they won’t have to go thru the headaches if they buy that Mississauga house from you because it’s already done.
By Todd Lee