{"id":6339,"date":"2017-11-17T12:03:28","date_gmt":"2017-11-17T12:03:28","guid":{"rendered":"https:\/\/karry.ca\/blog\/karry-knows-renovations-worth\/"},"modified":"2025-09-23T08:18:59","modified_gmt":"2025-09-23T08:18:59","slug":"karry-knows-renovations-worth","status":"publish","type":"post","link":"https:\/\/karry.ca\/blog\/karry-knows-renovations-worth\/","title":{"rendered":"Karry Knows \u2013 Which Renovations Are Worth It?"},"content":{"rendered":"

[vc_row row_type=”row” type=”full_width” text_align=”left” video=””][vc_column width=”1\/4″][vc_separator type=”normal”][vc_column_text]Call us for a complimentary consultation on your best renovations for ROI.[\/vc_column_text][vc_empty_space height=”10px”][vc_btn title=”Get Started” shape=”square” color=”white” css=”” link=”url:http%3A%2F%2Fkarry.ca%2Fcontact%2F” el_class=”blog-left-side-btn”][vc_separator type=”normal”][vc_empty_space height=”30px”][\/vc_column][vc_column width=”3\/4″][vc_column_text]\"\"<\/a><\/p>\n

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The biggest challenge with major renovations is determining ROI. Which ones are going to give you the best return on your investment? Cosmetic touches have the biggest visual impact, but issues with a home\u2019s bones can stop a sale in its tracks.<\/p>\n

We\u2019ve outlined a few of the biggest renovations and how they stack up investment-wise.<\/p>\n

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ELECTRICAL<\/p>\n

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The status of your wiring is hugely important to your home\u2019s value. Unless you\u2019re selling in a crazy housing marketing like Toronto, most buyers will be spooked by old wiring. We\u2019re talking those old glass fuse bulbs.<\/p>\n

This is a big red flag for home buyers because eventually it will need to be updated to handle modern appliances efficiently and to prevent fire hazards. Rewiring a house is not cheap. However, the cost of getting that done yourself is much less than the value old electrical will strip off your selling price. This is definitely a renovation to consider.<\/p>\n

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ROOFING<\/p>\n

Ensuring your roof is in top shape goes along with regular house maintenance and having it done within a couple years of selling can increase your value. However, unless there\u2019s an obvious issue, it\u2019s not a critical project to undertake selling-wise.<\/p>\n

For long term home value and investment, keep your roof up to date though. This prevents the cost of any damages that can occur as a result.<\/p>\n

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STRUCTURAL\/TEARING DOWN WALLS<\/p>\n

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Structural issues, like a noticeably uneven floor, compromised support beams or eroding foundation absolutely need to be done. ROI is a huge factor, because the costs of letting these problems build is enormous. Spend the money now, save yourself from bankruptcy later. Not to mention, if these issues are noticeable, they\u2019ll put a big dent in your asking price.<\/p>\n

When it comes to tearing down walls for cosmetic purposes, it\u2019s more up in the air. Small bungalows with old sectioned off layoffs can benefit from an open concept makeover, as cramped spaces are especially noticeable in smaller homes.<\/p>\n

While open concept is the design of choice right now, having a couple separate rooms won\u2019t tank your home value. It all depends on the size and functionality of your current layout. If it\u2019s noticeably dated or not working, invest in opening things up a bit. If you\u2019re going from sectioned to open, it will usually give your property value an automatic boost.<\/p>\n

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FLOORING<\/p>\n

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There\u2019s opportunity for big ROI in flooring, depending on what your \u2018before\u2019 and \u2018afters\u2019 are. Going from old carpet to hardwood makes a big impact. Going from tile or parquet to natural stone will too. However, if you have decent original hardwood and want to update to newer hardwood, it might not have the profit you hoped.<\/p>\n

This is an area where you should directly consult professionals to see where you can get the best bang for your buck.<\/p>\n

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INSULATION<\/p>\n

Older homes are notorious for air leaks and minimal insulation. You pay for this in your heating and electrical bills. We recommend making this a priority when opening the walls for any renovation. You\u2019ll get a return through increased efficiency when your bills start lowering.<\/p>\n

Unfortunately, it doesn\u2019t make a noticeable difference to buyers, so don\u2019t go ripping open your walls with listing profits in mind.<\/p>\n

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FINISHED BASEMENTS<\/p>\n

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Basements have the potential for great things both for home owners and home buyers. They don\u2019t necessarily have to be finished though. People like to use their basements for specific and personal interests, like home bars, hobby rooms, theatres or play areas; it all depends on the family.<\/p>\n

Having a basement that\u2019s fully finished with a bar area and home theatre might not be appealing to a family with kids looking for a play room. Alternatively, a basement with an in-law suite won\u2019t benefit an older couple with no in-laws to move in.<\/p>\n

If you\u2019re debating on whether to \u2018luxe-up\u2019 your basement before selling, it\u2019s better to leave it more of a blank slate. So long as you have framing or dry wall done, with updated wiring and a level floor, it\u2019ll still be a big draw for buyers. The trick is to leave it neutral enough for them to imagine their own ideas when they view it.<\/p>\n

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COSMETICS<\/p>\n

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Cosmetic changes have the biggest visual impact but don\u2019t always bring the biggest ROI. Again, this one depends on the original state of your home. A room or whole home that is visibly dated or run down should absolutely be renovated. Cosmetic touches that bring a cleaner, more modern look will add significant value to the home.<\/p>\n

However, cosmetic touches to rooms that are already functional and more modern, won\u2019t gain dramatic returns. Granite counters, stainless steel appliances, glass showers and modern fixtures do put a sparkle in buyers\u2019 eyes but compare it to what you have currently.<\/p>\n

Sometimes the existing state of your home is plenty to get the asking price you want and expensive upgrades won\u2019t pay themselves back come selling time.<\/p>\n

Some renovations are guaranteed money makers; others come down to comparing it with what you have already. Your best choice of action is to consult a professional to find out your best ROI options for your property.[\/vc_column_text][\/vc_column][\/vc_row][vc_row row_type=”row” type=”full_width” text_align=”left” video=””][vc_column width=”1\/4″][\/vc_column][vc_column width=”3\/4″][vc_separator color=”#ef4c23″ type=”normal” thickness=”4px”][\/vc_column][\/vc_row][vc_row row_type=”row” type=”full_width” text_align=”left” video=””][vc_column width=”1\/4″][\/vc_column][vc_column width=”3\/4″][vc_empty_space height=”30px”][\/vc_column][\/vc_row][vc_row row_type=”row” type=”full_width” text_align=”left” video=””][vc_column width=”1\/4″][\/vc_column][vc_column width=”3\/4″][vc_custom_heading text=”Blog Recommendations” google_fonts=”font_family:Open%20Sans%3A300%2C300italic%2Cregular%2Citalic%2C600%2C600italic%2C700%2C700italic%2C800%2C800italic|font_style:400%20regular%3A400%3Anormal”][\/vc_column][\/vc_row][vc_row row_type=”row” type=”full_width” text_align=”left” video=””][vc_column width=”1\/4″][\/vc_column][vc_column width=”3\/4″][vc_column_text]Recommended Posts:<\/p>\n

Karry Knows \u2013 Open Concept and Load-bearing Walls<\/a><\/p>\n

Flooring 101<\/a><\/p>\n

Countertops 101<\/a>[\/vc_column_text][\/vc_column][\/vc_row][vc_row row_type=”row” type=”full_width” text_align=”left” video=””][vc_column width=”1\/4″][\/vc_column][vc_column width=”3\/4″][vc_empty_space height=”30px”][\/vc_column][\/vc_row][vc_row row_type=”row” type=”full_width” text_align=”left” video=””][vc_column width=”1\/4″][\/vc_column][vc_column width=”3\/4″][vc_separator color=”#ef4c23″ type=”normal” thickness=”4px”][\/vc_column][\/vc_row][vc_row row_type=”row” type=”full_width” text_align=”left” video=””][vc_column width=”1\/4″][\/vc_column][vc_column width=”3\/4″][vc_empty_space height=”50px”][\/vc_column][\/vc_row]<\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"

The biggest challenge with major renovations is determining ROI. Which ones are going to give you the best return on your investment? Cosmetic touches have the biggest visual impact, but issues with a home\u2019s bones can stop a sale in its tracks.<\/p>\n","protected":false},"author":2,"featured_media":5731,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[158],"tags":[],"class_list":["post-6339","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-renovation-ideas"],"yoast_head":"\nKarry Knows \u2013 Which Renovations Are Worth It? - Karry Home Solutions<\/title>\n<meta name=\"description\" content=\"The biggest challenge with major renovations is determining ROI. Which ones are going to give you the best return on your investment? 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