whitehorse real estate,real estate in whitehorse,whitehorse houses for sale whitehorse real estate,real estate in whitehorse,whitehorse houses for sale whitehorse real estate,real estate in whitehorse,whitehorse houses for sale whitehorse real estate,real estate in whitehorse,whitehorse houses for sale

How To Increase The Value Of Your Home: The Top 5 Renos For Return On Investement

An article from Golden Girl Finance

There are two key strategies to increasing the value of your home… 

The top five renos for ROI

1) Building an income suite – Also known as a rental suite, this is by far the most profitable reno a homeowner can undertake. Income suites typically have a 150% to 250% ROI.

2) Painting – This is an inexpensive way to freshen up a property. Picking neutral tones and doing a good job are key. This simple reno project gives 100% ROI.

3) Renovating kitchens and bathrooms – Kitchens should be bright and spacious with a smart layout. Replacing old appliances with inexpensive and more efficient newer ones also adds a lot of appeal. Bathrooms are equally important. The more you have, the better the ROI. This delivers 75% to 100% ROI.

4) New flooring – This has a dramatic impact with hard surfaces the way to go. Laminate flooring is inexpensive, easy to install, durable and looks great. With modern styles and improved design, it has become the flooring of choice for real estate investors. New flooring can generate an average of 70% to 90% ROI.

5) Light fixtures and door hardware – These can reveal the true age of a property. Installing proper lighting and a few nifty fixtures in the right places, namely the kitchen and dining room, will brighten up the space and create atmosphere. With the right touch, updating light fixtures and door hardware can generate 60% to 75% ROI.