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beautiful kitchen home after a remodeling project

Before selling our homes, we often like to take a look at what we’re working with in terms of the house as is, and in doing so we need to ask ourselves important questions. Questions like “Is this kitchen going to appeal to the type of people I want to buy this home?” and “Is the bathroom in need of some new fixtures?” Each question we have for our home is one of resale value, of how much we can stand to make with each.

Remodelling your kitchen and bathroom can be broken down into three categories: major kitchen remodelling, minor kitchen remodelling, and bathroom remodelling. Today, we wanted to break down each one to show you which may be the better option for your home, covering what is expected with each kind of remodel and what the expected costs can be. That way, you can decide which is the better bang for your buck.

The Major Kitchen Remodel

Estimated cost recoup percentage: 60-65%

The major kitchen remodel is a big undertaking. It usually starts with your appliances and often involves busting down walls for something that people can easily move around in. Sinks are replaced with bigger ones, plumbing needs to be completely reworked, and all the latest gadgets are put in to make the whole thing look amazing. If you have an older home, updating your kitchen with something much bigger may be your best bet for getting your home sold faster, but it probably won’t get you much more money.

The Minor Kitchen Remodel

Estimated cost recoup percentage: 80-85%

Unlike a major kitchen remodel, minor kitchen remodelling usually focuses on the things people see right away: sinks and appliances. You can swap out appliances fairly easily in your home, ones that will look great without costing too much money, and they will mostly retain their value. The same goes with sinks: perhaps getting a bigger double sink instead of a single, or replacing the faucet with something a little more useful. All these things make for a much better looking kitchen without really costing you a lot of extra dough. And the recoup cost is exceedingly high. So bang for buck, it’s your best option.

The Bathroom Remodel

Estimated cost recoup percentage: 60-65%

As you can see, the recoup cost difference between the major kitchen remodel and a bathroom remodel is practically the same, so it really comes down to what you have the budget and time for. With a bathroom remodel, you will replace most of the fixtures, including your toilet, sink, and tub, with newer, more efficient and better looking pieces. That may require some minor plumbing work as well to keep the water pressure up. But it won’t be as expensive as a major kitchen remodel unless you start busting down walls or seriously upgrading. So if you want to get the bathroom up and running, it may be a better place to start than with your kitchen.

 

As you can see, if you are short on time and money, a minor kitchen remodel is probably your best bet. But it all depends on your home. Most of us don’t have the cash to do major renovations all at once, so you may want to start with the oldest parts of your home for remodelling. But if you’re looking at choosing just one remodel, the minor kitchen remodel is easily the best option.

woman-considering-what-home-upgrade-to-make

We often think of home renovations and improvements as a great idea. They can make our spaces more useful, spruce up our home’s look, and increase the value of our homes. While two of those reasons may be correct, it doesn’t necessarily mean that the latter is true. While adding a backwater valve is certainly one way to improve your home’s resale value Read more

beautifully completed home renovation

We’ve written a lot about plumbing, this month we’re going to focus on a few topics a little more diverse. Many people look at their home and wish there was a way to make it look completely different then they look at their bank account balance and put the dream aside, which is totally unfortunate. Today, there are many different ways that anyone on a budget can make their home look fantastic through a few simple home improvement projects. Check out these 4 ways to update your home without paying for a massive renovation.

1. Painting

Painting is one of the easiest, fastest, and often most affordable ways to give any room a facelift. Even without swapping out your furniture, you can completely transform the look of a room by painting the walls. Heck, you can cut your painting supplies and time down a quarter and have an accent wall, a single wall that’s a different colour from the rest. Accent walls can give many rooms a dynamic new look, one that many people will notice when they first walk into your home.

2. Furniture

Furniture is expensive, but it doesn’t necessarily have to be. If you want to change the look of your home, furniture can actually be a surprisingly easy and fun way to get a facelift without tearing out your walls (and hair). Unlike many other ways to get that home facelift, furniture shopping can actually be a total blast. You can hit up vintage and consignment shops that have old, new, and completely unique furniture at surprisingly low costs. You can visit local furniture makers, which may be expensive, but you can get a piece or two that will radically change how your home looks, and it will last you a lifetime. If you’re really counting pennies, there’s always affordable big box furniture stores where you can score some potential deals but the quality may not be great. Furniture can fit into almost any room and completely revitalize it as well.

3. A Good Old Rearrange

This is the cheapest way to update your home’s look. It requires no money, no shopping excursions, you don’t even have to leave your house! All you need is some elbow grease and some help. That’s it. Rearranging the furniture in your home can actually radically change its look, and can optimize certain rooms to work their best. Changing your family room around, for example, could give your TV a better spot for sound, and cut down the glare from outside or really anywhere else. Rearranging your bedroom could give you some more space, either for extra pieces or to make it feel more open.

4. Exterior Work

The outside of your home is like a resume, its what people see before they really get to see what’s going on inside. Luckily, boosting your home’s exterior can be cheap and effective for getting a whole new look. For example, you could re-stain an aging deck to give it a new lease on life. Add a decorative path made from stones. Painting the exterior of your home can make it look new, and maybe update it from the colour chosen probably decades ago. Whatever your choice, the exterior of your home can make a big difference in giving your house that new look without paying too much.

Your home may just need a little boost to revitalize it, not an entire renovation. So if you want a home facelift, but don’t want to empty your wallet, then think about these surprisingly easy, simple, and cost effective ways to completely change your home’s look, often for less than a thousand dollars. Remember, if your renovation calls for plumbing you should always hire a pro!

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toronto home owners planning renovations

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DIY home improvement is a great way to save money, but it can also lead to more than a few disasters if done incorrectly. Today, we wanted to walk you through some potential pitfalls with home improvements, and how you can avoid them. Read more

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