8 Renovations For Your Outdoor Space to Make Your Home Valuable?

You renovate your home to enjoy extra comfort, but what if you ever want or have to sell? Of course, you want to sell your home at the maximum possible price. How do you maximize the value without making investments that you never recoup? Here are 8 potential profit makers that can help you.

1. Renew Your Facade

The exterior view of your home determines the very first impression on potential buyers. A dirty, discolored facade, damaged exterior walls or cracks are more likely to lead to haggling if the buyers have not already pulled out. Repainting your facade can work wonders. With additional facade insulation, you have an extra big advantage.

2. Install New Windows and Doors

Have you bought an older house with single glazing, or is your exterior joinery hopelessly outdated? High-quality windows and doors not only provide a fresher look, they also have a positive effect on your energy bill and acoustics, and you can draw extra light into your home. Again: make this investment mainly for yourself, rather than to obtain a higher sum of money for your home.

The cost of new windows is approximately 10% of the total price of a new-build home. For an existing home, you take the price of a new-build home with the same surface area as a starting point.

3. Laying New Floors

Your floor will have to survive a lot over the years. Still, an old, characterful floor can charm potential buyers. For example, cement tiles are all the rage again. Think carefully whether investing in new floors makes a difference to your home. Renovating your floor is not always easy, so think carefully first.

4. Freshen Up Your Kitchen and Bathroom

The kitchen and bathroom have gained enormous importance in recent years. We all are looking for comfort and coziness, more than ever. Also, with house hunters, the focus is mostly on these two spaces. A number of small changes can already work wonders: a new shower, new taps, new furniture, a lick of paint, and so on.

Tip: Tastes differ. Invest in a timeless look and quality rather than luxury and customization. Especially if you still going to live in your home for a few more years. An exclusive kitchen with all the latest gadgets are a nice addition but may deter buyers if it is not in proportion to the rest of the house. And you run a financial risk that way.

5. Increase The Area

An extension of patio space immediately makes your home a lot bigger, and a certain audience is certainly to be found here. This involves a considerable cost (excavation work, foundation, connections, finishing). Moreover, you have to take into account extra heating and cooling (How do you enjoy your outdoors all year round?) And also, additional maintenance in the case of large glass areas. Determine if it is worth the investment and whether you can ever recoup it. In any case, choose an extension that matches the rest of your home.

6. Repurposing Unused Spaces by Adding a Sunroom

Set up your outdoor or attic as an extra bedroom or relaxation room. The more options space has, the more attractive to potential buyers. Pay attention to factors such as insulation and moisture.

Add a sunroom to home that will surely help increase your home’s value and to the comfort level till you are living in the home.

7. Tidy up Your Garden

Canadians love their garden. Especially families with children looking for a new home can hardly do without it. It goes without saying that your garden and terrace must be perfect when potential buyers come to visit.

Note: do not overdo the design of your garden if you plan to move in the short term. The more work you do in maintenance, the more people threaten to scare you off. Moreover, the financial added value will be quite limited.

8. Build a Swimming Pool

Choosing a permanent pool involves certain risks with a view to resale. There are additional maintenance and consumption costs involved. For many potential buyers, this may not outweigh the additional price that you as a seller ask for your home. Which also entails risks for yourself. On the other hand, you attract a select audience of house hunters with a larger budget. So, build a swimming pool, especially if you want to enjoy it for many years to come, not just as an investment.