What to Consider When Renovating Your Home for Resale
Posted on February 24, 2025
When it comes to home renovations in Oakville, you should always keep in mind not just what works best for you but what can give you the best return on investment when you sell. With Rose Building Group, you can rely on a team of professionals who can help you through each step of the renovation process.
Focus on High-Return Areas
Kitchen renovations in Oakville are amongst the highest return areas. This is because a functional kitchen can completely transform a space. Similarly, bathroom renovations can give you a high return because they are such a highly trafficked area. Basement renovations can also bring a high return, as a finished basement can add to the total square footage of your home.
Understand the Market
Before you start on an Oakville home renovation, it’s important that you have an understanding of the local real estate market and what type of potential buyer you’ll be targeting. Try to match the style and price range of the home’s neighbourhood so you’re not pricing yourself out of the market. To achieve a decent profit margin, be sure to set a reasonable budget and timeline for renovations. This can ensure you’re not spending any more money than necessary. Rose Building Group can help you create a plan for your renovation from the jump so that you have a budget and timeline that works for your specific needs and goals.
Make Neutral Design Choices
If your focus is to attract as large an amount of potential buyers as possible, be sure to make aesthetic choices that will appeal to a broader audience. Keep in mind it’s always easier for potential buyers to imagine adding in more abstract and creative pieces than it would be for them to look past a bold design choice. Try avoiding niche and load design elements or trends that can be too eye-catching. Having a space that looks more like a blank canvas allows potential buyers to project their own vision of the space rather than being limited to what’s in front of them.
Ensuring Quality and Functionality
As with any renovation, it’s crucial that everything works properly. Remember, homes need to be evaluated before they go on the market, and good plumbing or well-installed fixtures can take your property to the next level. Ensure that all the updates you commit to are high quality, as many home buyers are wary of investing in a home if it means they may need to take on future repair costs. You’ll also want to make sure that the space is functional. Having plenty of storage space and a clear flow in the home is essential. Open-concept spaces and built-in storage solutions are benefits plenty of homebuyers look forward to from their new homes. Rose Building Group can help you find a balance between an aesthetically appealing renovation and a high-quality, functional upgrade.
To start your kitchen renovation in Oakville, contact the team at Rose Building Group for guidance every step of the way.