The value of a home can be determined through several factors — the property’s location, neighbouring property values, and the structure of the house itself. Renovations are a crucial component of residential values, though the types of projects homeowners will take on can vary depending on their goals and budget.

Taking on renovation projects to increase the value of your home is no small feat. Several projects can significantly benefit homeowners, while others may not be an effective use of your income. It’s important to know which projects are worth the time and money.

Let’s look at the five standout renovations guaranteed to improve the value of your home.

1. Upgraded Attic Insulation

The attic is often an overlooked area of the home, but it holds real potential. When properly insulated, your attic shows potential buyers that the house can function against all temperatures and is safe and up to code.

Before you begin tearing out old insulation, you’ll want to inspect the space thoroughly and ensure no traces of wildlife nestled inside. Small animals like squirrels can often find their way inside the home through your foundation, cracks in the siding, or old roofs.

If you find any squirrels and their families inside your attic, you’ll want to ensure they’re removed safely. The experts at Wildlife Shield have seen it all, which is why they offer professional squirrel removal in Richmond Hill and across the GTA. Their team helps homeowners safely remove unwelcomed wildlife, so they can get back to turning their home into a prime seller.

2. Landscaping Aesthetics

The exterior of your Richmond Hill home is the first impression for potential buyers, and it’s important that it sends the right message. The benefit of landscaping is that it doesn’t need to take a significant portion of your budget. A simple manicured lawn and flower beds in front of the porch can work wonders.

If your home is outdated, you may want to consider giving your siding a fresh coat of paint and power washing your front porch. Those details communicate to potential buyers that the current owners take pride in their home and are likely to be excited to see the interior spaces.

3. Doors & Windows

While it may not be the most glamorous renovation, upgrading the windows and doors in your home is a simple and effective way to increase property value. Older homes typically have windows or doors ill-fitting to their space which can let in drafts, allergens, and insects into the house.

New doors and windows may come with a higher price tag, but buyers notice these details. Additionally, today’s models are often crafted with energy efficiency in mind, which is a key selling feature. Buyers in Richmond Hill and throughout the GTA are looking for homes with manageable utilities, and energy-conscious fixtures are a crucial part of their search.

4. Minor Kitchen Upgrades

Kitchen renovations can cost a small fortune for many homeowners, but it’s not necessarily a must for those looking to increase their current value. Rather than tearing out cabinets or executing a complete demolition, there are several minor projects you can take on that will make all the difference.

Revamping your old wood cabinets is a simple DIY tool with a minor price tag. You’ll need to ensure you’ve sanded down the wood before applying any primers or paints — additionally, handles and hardware need to be removed. If your doors and drawers have raised features, it may also take additional time and patience to paint.

Once you’ve sanded the wood, apply a primer before your desired paint colour to ensure it has a well-finished coating.

5. Backyard Builds

If you have adequate space in your backyard, a porch or deck can be a low-cost addition to your home that promises significant value. It adds an entertaining outdoor space that today’s buyers are eager to have as part of their homes.

A well-built deck or porch in a Richmond Hill home should last years before needing any updates or refinishes. When it comes to building your own deck, proper safety measures must be in place — loose screws and splinted wood should be avoided at all costs if you want to secure the value you’re seeking.

The benefit of this project, aside from the minimal costs of materials, is that there is room for customization. Small backyards can still incorporate a quaint porch space for patio seating while sprawling estates have the freedom to create a backyard oasis. Ultimately, it’s up to you as the homeowner how far you’re willing to go and how much you can afford.

Preparing to sell your home is equally exciting as it is challenging, as there are several details to be considered before you can confidently set your listing price. With the right resources and a secure budget in place, these five renovations can help you maximize the value of your home without sacrificing your entire monthly income.