How to Maximize ROI With a Kitchen Renovation in Burlington

Whether you’re renovating to sell immediately, or hoping to spend some time enjoying your home renovation in Burlington, it’s important to keep resale in mind. Kitchen renovations in Burlington and the GTA can give you the greatest ROI or return on investment of any renovation. On average, these renovations can offer a 75-100% return at resale, making it an ideal investment.

Understanding the Burlington Real Estate Market

Real estate in Burlington is on the rise, with no real stop in sight. Many young professionals are attracted to the area because of its reasonable affordability, accessible public transit and bustling downtown area. This has led to a high-demand market with a short sale period as properties are spending less time on the market and selling at a higher price. Since last year there’s been an approximate 7.6% increase in sale prices, with the average house selling at around 1.2 million. When it comes to Burlington home renovations, this means the market is at a point where you’re most likely to make your money back. Despite the many up-and-coming condos in the area, buyers always tend to prefer a home that they can physically tour and will be move-in ready. In Burlington, kitchen renovations are a great way to have your property stand out and make it clear to buyers that it is ready for an easy move-in.  

Setting Clear Renovation Goals

From construction to plumbing, appliances to countertops, kitchen renovations tend to require a variety of specialties. That’s why it is so essential that you have a clear list of priorities and goals outlined before you get started on your renovation. If your main objective is to maximize the ROI on your renovation, then you should focus on updating the most out-of-date aspects of your kitchen. This might include updating appliances or installing new countertops. It’s also important to keep functionality in mind. Adding more storage or introducing easy-to-clean elements is a great way to pique the interest of potential buyers. You should also make sure your budget and timeline clearly reflect your priorities. If you’re looking for cost-effective renovation strategies specific to your home, it could be helpful to check out advice from locals on Yelp or Reddit. Likewise, you can count on the team of experienced renovation contractors at Rose Building Group for advice on optimizing your budget.

Upgrading Key Elements for Maximum Impact

When it comes to a kitchen upgrade, there are certain aspects that homebuyers notice first. Noticeable features like cabinets and countertops tend to stand out for new buyers, both for their aesthetic and functionality. Durable and easy-to-clean countertops can make day-to-day operations run more smoothly. This is especially true if you can extend the countertop space with a kitchen island, as this will give the kitchen more functional spaces without closing it off. Prioritizing energy efficiency is also a great way to make an impact on potential sellers. This can include bringing in appliances with a high energy star score, or installing dimmers and LED lighting that uses less power. This will help your kitchen to not only be more environmentally friendly, but lead to savings month over month.

Designing for Universal Appeal

When you’re designing your new kitchen, it’s important that you find the right balance between your own personal tastes and a universal appeal. Incorporating timeless design details to your renovation will open up your home to a broader market. Neutral colour palettes never go out of style, and lighter tones in particular can help brighten up a working space like the kitchen.

You should also keep in mind that your kitchen renovation will need to cater to many different lifestyles and preferences. Consider using versatile materials, like ceramic tiles or stainless steel, as they’re high quality, easy to maintain, and fit just about any aesthetic. Think about meeting universal needs rather than your individual ones. This could mean added more hidden storage spaces as opposed to open shelving, or installing a simple tile backsplash over an ornate one.

Balancing High-End and Budget-Friendly Renovation Elements

While staying within budget is crucial for a good ROI, that doesn’t mean you shouldn’t splurge at all. Adding luxurious touches throughout your design can set your kitchen apart when it comes time to sell. The challenge is knowing which items are worth the splurge.
In general, you should focus your money on items that are long-lasting, harder to replace and impactful. For example, you could invest in high-quality wood cabinets but find budget-friendly knobs to accent it. You can also save money by refinishing existing elements like flooring rather than completely replacing them.

Build ROI with Rose Building Group in Burlington

Focusing on optimizing the ROI of your kitchen renovation can help justify the initial investment and make the resale process far simpler. To get the most out of your Burlington kitchen renovation, contact the team at Rose Building Group. Their years of experience as home renovation contractors has given them the expertise to help you along your renovation process.

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