5 Winter Home Improvement Projects to Boost Your Mississauga Home’s Value
Thursday Nov 21st, 2024
When winter arrives in Southern Ontario, many homeowners press pause on home improvement projects. However, winter can be the perfect season to tackle renovations that increase your home’s value. With contractors often more available and materials sometimes discounted, now is the time to plan upgrades that will enhance your space and attract future buyers.
Here are five home improvement projects ideal for winter, complete with updated stats and actionable tips.
1. Finish Your Basement
Transforming your basement is one of the most cost-effective renovations you can do and offer a return on investment (ROI) of 70% to 75%. Whether you create a cozy family room, home office, or rental suite, you will expand your living space and add value.
Pro tip: Winter is the perfect time to upgrade mechanical systems like furnaces or water heaters while you are working on the basement. This ensures efficiency and reliability during the cold months.
2. Upgrade Your Kitchen
A kitchen renovation can yield an impressive ROI of 85%, depending on the scope of the project. Even small updates, such as replacing countertops, cabinets, or backsplashes, can significantly impact functionality and aesthetics.
Planning a major overhaul? Schedule the messiest stages while you are away on vacation to minimize disruption. A beautifully updated kitchen not only enhances your daily life but also makes your home more attractive to future buyers.
3. Replace or Refurbish Flooring
Updated flooring is a game-changer for any home. New hardwood floors have an ROI of 70% to 80%. For even greater comfort, consider in-floor heating, a highly sought-after feature that makes cold Mississauga mornings much more bearable.
Budget-conscious? Refinishing existing hardwood or installing new carpets can also add value without a hefty price tag.
4. Refresh Bathrooms
Bathrooms are second only to kitchens in ROI potential, offering a return of 71%. Winter is a great time for a full bathroom remodel, but even smaller updates—like replacing fixtures, upgrading lighting, or adding a fresh coat of paint—can make a big difference.
Hot tip: For a quick win, re-caulk your shower or bathtub to make your space look clean and new.
5. Focus on Small-Scale Upgrades
If large renovations are not in the cards, tackle simple projects that still boost value:
- Repaint walls in neutral, buyer-friendly tones
- Replace outdated light fixtures and hardware
- Repair stretched-out carpets or scratched flooring
- Clean and organize storage spaces to show off functionality
These smaller efforts can make your home feel updated and well-maintained without a significant investment.
Ask an Expert: Plan Your Winter Renovations
Not sure which projects are right for your home? Contact Deborah Clerk, Real Estate Sales Representative, Lifestyle55+ Affiliate at Keller Williams Real Estate Associates, Brokerage, for a free home evaluation. With years of experience in Mississauga real estate, I can help you prioritize renovations that maximize your home’s resale value and appeal to local buyers.
Let’s make this winter the season you boost your home’s value and get it ready for the market!
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