Opportunity to renovate your house, means higher resale value
In a house, you have complete and utter freedom to transform the space any way you wish – with the unbridled potential to grow your investment. Whether that means undertaking a kitchen redesign, installing a deck or even constructing a new addition to the house.
Undertaking home improvements doesn’t only enhance the design and livability of a house, but helps drive up the resale value, when it comes time to sell.
It’s important to choose the best home upgrades for resale properties to ensure that you get the highest return on investment. Typically, renovations made to the kitchen and bathrooms increase the home’s value the most.
Unlike houses, condos offer very few opportunities to increase the resale value through renovations. Apart from putting up a new coat of paint or installing light fixtures, by laws there are restrictions on the kind of changes that can be make to a condo suite.