Monday, August 30, 2010

Wondering where to start your reno?

If you're looking to increase the value of your home through a renovation project, it can often be overwhelming finding a place to start.

Since very few homeowners have unlimited funds to play with, it's important to start with the projects will give you the most bang for your buck. Below are the top three areas you should focus on, according to the Appraisal Institute of Canada:

1. Painting and interior decor
Most prospective buyers can't help but fall in love with a well-staged home. Investing the time to add a coat of paint to the walls and either buy or rent some fashionable furniture will go a long way in getting a 'sold' sign on your front yard.

2. A chef's kitchen
While a kitchen renovation can often be the most pricey, you're virtually guaranteed a return on your investment. New buyers love new appliances, fancy countertops and plenty of storage space.

3. A bathroom fit for a king
They don't call it the 'throne room' for nothin'. A bright, clean bathroom with nice fixtures and tiling will make prospective buyers feel at home.

*reprinted courtesy of Axiom Mortgage Partners

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