T.Adams Contracting

T. Adams Contracting has been serving Toronto and vacinity for over 28 years with many satisfied customers. We are a full service company who can take care of all your home improvement needs.

Chosing The Right Home Improvements Can Go a Long Way At Resale

If you’re like most homeowners, you’ve either thought about or already made some home improvements. For some, this was part of the plan all along. They bought a house that was in need of some improvements so they were able to purchase at a bit of a discount and then put money into the upgrades they wanted. For others, the idea of home improvements came up as a way to increase the value of their home upon resale.

Whatever your desire for home improvements, there is a common misconception that you’ll get most or all of your investment back when it comes time to sell. Unfortunately, this is rarely the case and you’re more likely to get only some of that money back at resale. That being said, there are still some home improvements that retain value better than others so if you prioritize your projects you can get the most for your money.

The Best and the Worst

One of the most popular home improvements is finishing a basement. These are often turned into recreation rooms, home theaters, or simply provide added living space. But, did you know that finishing a basement is often one of the lowest returning home improvements? In many cases, you’ll only receive about 50% of what you put into the cost of the project when it comes time to sell. If you’re thinking about finishing your basement, do it because you want the added space and amenities. Don’t do it expecting to boost the value of your home.

On the other hand, two of the best improvements you can make to your home come from remodeling kitchens and baths. It makes sense because these rooms see the most activity. High quality appliances, spacious bathrooms, and quality construction will go a long way in helping attract buyers. In many cases you can expect to receive about 75-90% of the cost of updating one of these rooms.