Which Improvements Increase my Edmonton Home's Value the Most?

Home improvement

The improvements that increase your home's value the most can vary depending on factors such as your location, the current real estate market, and the specific condition of your home. However, here are some common home improvements that tend to have a positive impact on a property's value:

Kitchen Renovation
The kitchen is often considered the heart of the home. Upgrading appliances, countertops, cabinets, and fixtures can significantly increase your home's value.

Bathroom Remodel
Modernizing bathrooms, adding new fixtures, and improving the overall aesthetics can be a good investment.

Curb Appeal
First impressions matter. Landscaping, a well-maintained lawn, and an appealing front entryway can enhance your home's value.

Energy Efficiency Upgrades
Installing energy-efficient windows, insulation, and heating/cooling systems can not only reduce utility bills but also make your home more attractive to buyers.

Finished Basement
Converting an unfinished basement into a livable space, such as a family room or additional bedroom or both can certainly add value if done well. Poorly developed or DIY projects can actually reduce the homes value.

Open Floor Plan
If your home has a compartmentalized layout, opening up spaces to create an open floor plan can make it more appealing to modern buyers. Keep in mind this can be a significant cost depending on the floor plan and structure.

Bathroom Addition
Adding a bathroom can be a significant value booster, especially in homes that only have 1 bathroom. If the home already has several bathrooms an additional bathroom may provide a limited improvement to the homes value.

Deck or Patio
Outdoor living spaces are increasingly popular. Adding a deck or patio can improve your home's appeal.

Smart Home Features
Integrating smart technology, such as a smart thermostat, security system, or lighting, can make your home more attractive to tech-savvy buyers.

Upgraded Flooring
Replacing outdated or worn-out flooring with new materials like hardwood or high-quality vinyl plank can make a big difference.

Fresh Paint
A fresh coat of paint can make your home look newer and well-maintained.

Adding a Garage
Because of our cold climates in Edmonton, garages are a favorite feature of home buyers and can quickly add to a homes value.

Improved Insulation
Better insulation can help with energy efficiency and comfort.

New Roof
A new roof not only improves the appearance but also addresses a fundamental aspect of your home's condition.

Security Features
Adding security features like an alarm system or outdoor cameras can enhance your home's perceived safety and value.

Remember that while these improvements can increase your home's value, it's also essential to consider your budget and the potential return on investment (ROI). The extent of value increase can vary widely based on your location, the quality of the work, and other local factors. For example, adding an outdoor pool may increase the value of your home considerably if you live in Arizona but here in Edmonton Alberta it will add little value and could in fact be a deterrent when selling your home.

It's a good idea to consult with a local Edmonton Realtor or appraiser to assess which improvements are most likely to have a positive impact on your specific property's value.

Looking for more information on how to sell your home for the most money possible? Read our blog post on "How to Create a Bidding War for Your Home" by clicking here!

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