Prioritizing Renovations that Increase Resale Value

Renovations for resale valueWhether it is a vacation home, a primary residence, or an income property, you might be considering some renovations on your property. As you decide where to invest your time and money, be sure to prioritize resale value and the expected ROI on those improvements. Even if you plan to hold on to the property for a long time, the resale value of the improvement is worth considering in the process. 

Looking for your ideal property for sale in Canmore? We would love to help you find it. Contact us any time to learn more. 

Check out these ideas for home improvements that have the added benefit of increased resale value. 

Why keep resale value in mind?

Whether you are planning to flip the property or own the home for decades, resale value should always factor into your home improvement planning. Some renovations will make your property significantly more appealing to future buyers, while others may ultimately become a deterrent when the time comes to sell. 

Because you cannot guarantee what type of market you will be subject to when the time comes to sell, it's always in your best interest to make renovation plans that prioritize increased resale value. This doesn't mean you can't make choices that you personally like, but it might keep you from investing heavily in something you will likely have to change before selling. 

Home Improvements that Add Resale Value

There are some tried and true home improvements that will add resale value. Consider prioritizing these as you plan out your renovation, keeping ROI in mind as you transform the property. 

Flooring

Upgraded flooring is a great way to make a space feel new, with major potential for adding resale value. Not all flooring will add resale value in the same way, but hardwood, luxury vinyl plank, or engineered hardwood are widely considered to be a great long term investment. If the home has linoleum or vinyl flooring, choosing to upgrade to tile or another hard flooring is another slam dunk with a great ROI.

Additional Living Areas

Increased living areas can make the home more usable, and increase its appraised value. If the property has an attic or basement that could be converted into a finished living area, this is an awesome opportunity to maximize your investment. Transforming a basement or attic into a media room, guest space, or other living area will increase the overall square footage and make the property more attractive to a wider range of buyers in the future, not to mention making it more functional and enjoyable for you in the meantime.

Kitchen Upgrade

A kitchen remodel is one of the upgrades that is shown to increase the value of the home most reliably. Most buyers are looking for an updated kitchen, and it may even be the deciding factor between two properties they are considering. 

Prioritize timeless design elements in your kitchen upgrade to be sure that the added resale value doesn't diminish overtime. Add in trendy touches with less expensive elements, like hardware or lighting fixtures, while keeping the major investments like cabinetry, countertops, and appliance finishes to something with timeless appeal.

Bathroom Remodel

Bathrooms are another obvious choice for renovations with a high ROI. Follow similar guidelines as the kitchen project, prioritizing timeless design for the major components and implementing trendy or personal design preferences in the details.

Want to learn more about investing in real estate in Canmore? We can help. Contact us any time to learn more. 

116 Properties
Page 1 of 10
Open 6/11
833 7Th St #2 Canmore,  AB T1W 2C4
$790,000
Neighbourhood: South Canmore
2
Beds
1F11/2
Baths
1,147
Sq.Ft.
2000
Year Built
2
Days on Site
A2055874
MLS®
Steps to Canmore's Main Street yet privately positioned with a sunny south facing exposure, this South Canmore townhouse is the ideal mountain retreat. The open concept upper level with vaulted...
$175,875
Neighbourhood: Bow Valley Trail
2
Beds
2
Baths
928
Sq.Ft.
2008
Year Built
2
Days on Site
A2056480
MLS®
Silver Creek Lodge's fractional ownership program is your first step into the Canmore housing market. The price of this property includes GST. You can ask your accountant how to defer your GST. This...
$959,000
Neighbourhood: Three Sisters
3
Beds
3F11/2
Baths
1,416
Sq.Ft.
2005
Year Built
2
Days on Site
A2056196
MLS®
Visit REALTOR website for additional information.
This detached family home is in a serene & quiet setting at the back of the complex. The pride of ownership is evident throughout, with stunning...
$799,200
Neighbourhood: Three Sisters
3
Beds
2F11/2
Baths
1,091
Sq.Ft.
2005
Year Built
2
Days on Site
A2053996
MLS®
This three bedroom, two and a half bath 1,513 sq ft home is the best of both worlds from the advantages of a detached home along with the benefit of no outdoor maintenance. In fantastic condition,...
$524,880
Neighbourhood: South Canmore
1
Beds
1
Baths
755
Sq.Ft.
1993
Year Built
2
Days on Site
A2055879
MLS®
This quiet 755 sqft south facing top floor unit is in the heart of Canmore, just a short stroll to all the services Main Street has to offer, close to biking & walking trails and the Bow River. As...
$699,900
Neighbourhood: Bow Valley Trail
2
Beds
2
Baths
1,127
Sq.Ft.
1998
Year Built
2
Days on Site
A2056649
MLS®
This bright 2 bedroom unit plus loft & den or office, has 2 baths, a spacious open concept living room and kitchen with ample cabinets, great living space with corner gas fireplace, and vaulted...
$1,099,000
Neighbourhood: Eagle Terrace
3
Beds
2
Baths
1,338
Sq.Ft.
2008
Year Built
2
Days on Site
A2056553
MLS®
Nestled in the family-friendly Eagle Terrace neighborhood this spacious 3-bedroom, 2-bathroom + den located in the Mountain Winds Complex is the perfect place to call home! Located on the 3rd floor...
$1,438,000
Neighbourhood: Homesteads
4
Beds
3
Baths
1,583
Sq.Ft.
1997
Year Built
3
Days on Site
A2056312
MLS®
At a discrete distance to the sights & sounds of Canmore's Main Street, easy walkability along the Bow River meshes with the quiet, peaceful nature of Morris in The Homesteads. Fully renovated, this...
$1,389,000
Neighbourhood: Cougar Creek
4
Beds
3F11/2
Baths
1,555
Sq.Ft.
1992
Year Built
3
Days on Site
A2055984
MLS®
Renovated single family home with one bedroom suite. Recently updated four bedroom, four bathroom property in a family friendly neighbourhood with lots of outdoor space and garage. The entryway...
$595,000
Neighbourhood: Three Sisters
1
Beds
2
Baths
820
Sq.Ft.
2005
Year Built
4
Days on Site
A2055605
MLS®
Bedroom plus den apartment with great amenities. Beautifully maintained apartment, this one level unit offers an open concept kitchen, dining and living area accented by a cozy fireplace. The master...
$1,468,950
Neighbourhood: Hospital Hill
3
Beds
2F11/2
Baths
1,842
Sq.Ft.
2023
Year Built
4
Days on Site
A2055888
MLS®
Welcome to Hospital Hill's latest residential project, Rundle Creek Villas - These stunning, masterfully built townhomes boast extremely well laid out floor plans with outstanding quality of finish...
$233,100
Neighbourhood: Bow Valley Trail
2
Beds
2
Baths
931
Sq.Ft.
2008
Year Built
4
Days on Site
A2055818
MLS®
Saddened and feeling that a mountain retreat is out of reach? Not anymore ! This beautiful 2BR/2BA condo in Solara Resort offers a nice layout, wrap around deck, great amenities and easy walking...

Contact Us

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Post a Comment