All that said, there is still a great deal to be gained from Kitchen and Bathroom remodeling. These are the “Hot areas” in a home which every buyer looks at first. Much of the data collected on resales says you get 75 - 100% or more return on a Kitchen and Bathroom remodel. These are expensive areas in construction and where people spend a lot of their time so once you’ve got any structural issues dealt with, move on to these if you want a better resale price.
This is an area of home improvement where design trends are always changing. To stay on top of the game, do some research on current trends and what the latest technologies are. Large walk-in showers are becoming more important than bathtubs which take up a lot of space. Floor-to-ceiling showers are the latest trend which is sure to interest any Buyer looking for a modern Bathroom. If you only have one Bathroom, most Realtors say you would be better off investing in a new Bathroom rather than renovating the old one. This has the potential of raising the home value by as much as 9%
“Curb appeal” refers to the first impression of your home’s exterior and can draw people in. You want the entire exterior to say “Welcome.” If you invest all your money on the interior but none on the exterior, then how can you expect to entice people in. A new front porch will definitely raise both value and curb appeal which means a faster sale.
If you have a lot of options for remodeling and time before resale, keep in mind that the housing market can change every few years. Focus on small improvements which will appeal to budget-minded buyers as opposed to luxury improvements.
When looking to sell your home in London make sure you talk to a professional first! Call Van Bart Real Estate Brokerage today for all of your real estate needs in London and surrounding area.