Which Renovation upgrades Yield the Best Returns?
Most homeowners want to upgrade their bathrooms. Kelowna Homeowners may use a contractor or decide to do a do-it-yourself (DYI) project. Whether it’s because their fixtures are outdated or because they’re just tired of staring at the same old paint job, the improvements are usually made with the residents in mind rather than the future buyers. But if homeowners can please both themselves and the next people who live in their home, it’s definitely the cherry on top of the sundae. Homeowners who want to make strategic moves should keep the following tips in mind.
Smaller bathroom renovations tend to have the highest returns. This is because a return on investment (ROI) for a bathroom is going to be highly dependent on the area in which a homeowner lives. If they live in a middle-class area, then there’s only so much they can push up the value of their home—even if they retrofit the room with the best Jacuzzi in the world. Instead, homeowners should make small but noticeable changes that will instantly make a future buyer feel welcome.
Change the Fixtures
The Pull knobs on the drawers and the handles of the faucet are all important details that contribute to the overall impression of the room. Buying more attractive fixtures can instantly give the bathroom a new vibe. It can even help homeowners decide which colors might look best if they’re looking to buy new artwork, shower curtains, or rugs. Homeowners should also buy environmentally friendly light bulbs. These can save money on utility bills and help eliminate hazardous shadows.
Canadian buyers are less concerned with fancy upgrades and more concerned with practical features. Universal bathrooms are made for everyone—young and old alike. Here are just a few options for homeowner looking to go universal:
- Redo the floor with a non-slip finish
- Add a customized handrail in the shower
- Install a high-end toilet
- Opt for a step-in shower
Taking out the toilet and retrofitting the shower are much bigger jobs, but they may actually be worth it if the demographic values these features. For example, if the demographics of the area tend to skew towards the elderly, then these investments can really pay off down the line.
Update Your Tiles
The tile technology of the day has improved to include practically every building material, pattern, and color. Homeowners who want an even bigger return on their investment can look for leftover or excess tiles from building projects in their area. This is a great way to get high-quality materials, such as granite or marble, for a fraction of the cost. Choosing better tiles can completely update the look of the room and give homeowners the palette they need to make a few final touches.
Repaint the Bathroom Walls
This is undoubtedly one of the best improvements a Kelowna home owner can make in terms of ROI. Fresh paint smooths out inconsistencies in the wall, freshens the room, and welcomes a person inside. Experts recommend choosing a pastel color because it’s both warm and calm. Because many homeowners love the idea of relaxing in the bathtub after a hard day at work, the effect can work instant (and subconscious) wonders on unsuspecting future buyers.
Upgrading a bathroom is a great way for homeowners to improve their own quality of life while giving home buyers an extra incentive to pick their home from all the competition. It can even spark those coveted bidding wars that end in the seller’s favor.
Contributed by: Greg Clarke foremost real estate expert with an eye for improving and maximizing your Real Estate Dollar. Call Greg Clarke Today for your free home evaluation.
Greg Clarke Kelowna Royal Lepage Realtor
#1-1890 Cooper Rd., Kelowna, BC,