Designer Felix Guyon shares a penthouse in a 25-storey building on Nuns’ Island in Montreal, with a stunning view of the Saint Lawrence River. Replacing accessories like towel bars, light fixtures and towels, plus applying a fresh coat of paint, is the absolutely easiest way to make your bathroom feel new and clean. You don’t need special skills for success; it’s a screwdriver- and-paintbrush project you can complete in a weekend. But keep in mind that this face-lift will only work if your basic fixtures—the sink and faucet, vanity, toilet, tub and tile—are all still in reasonably good shape.
Roeshel Summerville started her blog back in 2007, when she and her husband were in the midst of searching for a new home. Though they recognized the space needed some serious work, they both fell in love with the character and charm of a fixer-upper farmhouse. Over the years, they’ve transformed it into a welcoming, functional space for their family on a budget.
Home improvement reality shows like HGTV’s Love It Or List It sell homeowners a dream. By putting their home in the hands of a fix-‘er-up dream team, they can avoid the headache and expense of renovating their homes themselves. One further point worth noting. The market is moving, increasingly, to the European and American way of valuing a house – that is to say according to its usable area rather than the number of bedrooms. More square metres (or feet) mean more money so extra space should always reap you extra returns.
That will be a selling point with buyers, though replacing every window in a home costs anywhere from $8,000 to $24,000, so you probably won’t recoup the entire investment if you plan to sell right away. From data compiled from over 2 million users’ search behaviour and project posts, , a site that helps homeowners find and rate home reno contractors, found that homeowners consistently set unrealistically low budgets for a few of the most popular renovation projects.
Like home equity loans and HELOCs, cash-out mortgages require homeowners to use their home as collateral. But if you’ve got a considerable amount of equity in your home, you might be able to find lower interest rates. Combine lower interest rates with the added home value derived from renovations, and you could save more in the long run. Homeowners who are considering making improvements to boost resale value should consider the payoff for a particular project. Remodeling magazine, in its “Cost Versus Value Report,” offers a region-by-region market analysis of specific projects and the paybacks of each in terms of selling your home, according to current figures on the site.