As the leaves change and temperatures drop, many homeowners consider renovations that can enhance the value and appeal of their property. Whether you’re preparing to sell soon or just want to add equity to your home, fall offers the perfect window to tackle high-impact, value-boosting upgrades. Let’s explore the top 5 renovations that can increase your home’s worth and provide long-term benefits.
Boost Your Curb Appeal
First impressions can make or break a sale. According to the National Association of Realtors (NAR), homes with strong curb appeal can increase perceived home value by up to 7%. You don’t need a full exterior overhaul—simple upgrades like fresh paint, planting seasonal flowers, or installing modern outdoor lighting can transform the look of your home.
Cost: A fresh exterior paint job typically costs between $1,500 to $4,000, depending on the size of the home.
ROI: Exterior improvements, such as landscaping and fresh paint, can offer a 100% or more return when it comes time to sell.
Pro Tip: Plant hardy perennials like lavender or boxwood in fall to give your landscaping a vibrant, long-lasting touch without high maintenance.
Energy-Efficient Upgrades
Energy efficiency is a top priority for homebuyers, and upgrading your home’s energy efficiency not only saves money on utility bills but also increases your home’s value. According to the U.S. Department of Energy, energy-efficient homes can save up to 30% on heating and cooling costs.
Consider upgrading to energy-efficient windows, which can reduce energy loss by 25% to 30%. Additionally, installing a smart thermostat, such as the Nest or Ecobee, can help homeowners save 10-12% on heating costs and 15% on cooling costs annually.
Cost: Energy-efficient windows can range from $200 to $800 per window, depending on the size and type.
ROI: Energy-efficient upgrades can offer a 70-80% return and make your home more attractive to eco-conscious buyers.
Pro Tip: Alberta has several energy rebate programs for upgrading to energy-efficient windows or insulation, helping to offset your renovation costs.
Kitchen Refreshes
The kitchen remains the most valuable room in a home when it comes to renovations. Minor updates, such as new countertops, backsplashes, or cabinet upgrades, can provide a 75-100% return on investment, according to Remodeling Magazine’s Cost vs. Value report. Buyers love modern kitchens, and even small updates can make a significant difference in marketability.
Cost: A minor kitchen remodel can range between $15,000 to $25,000.
ROI: The average return on kitchen updates is 75-100%, depending on the scope of the remodel.
Pro Tip: Choose durable materials like quartz countertops, which are low-maintenance and appeal to buyers due to their modern, clean look.
Bathroom Updates
Next to kitchens, bathrooms are the second most important area for homebuyers. According to HGTV, minor bathroom remodels can recoup around 70% of costs at resale. Upgrades like new vanities, fixtures, and modern tiles can make a dramatic difference in a home’s appeal. Adding a touch of luxury, like heated flooring or a frameless glass shower, can also be a major selling point during fall and winter when buyers are seeking comfort.
Cost: A mid-range bathroom remodel averages around $10,000 to $15,000, depending on materials and fixtures.
ROI: You can expect up to a 70% return on a bathroom upgrade.
Pro Tip: Adding energy-efficient features like low-flow faucets and toilets can reduce water usage, saving homeowners money in the long term.
Finish the Basement
Finishing your basement is one of the best ways to add livable square footage and increase your home’s value. According to Remodeling Magazine, a basement remodel can deliver a 70-75% return on investment. In Calgary, where housing demand is high, finished basements with separate entrances and rental potential are especially valuable. Homebuyers see the potential for additional rental income or extra living space, making it an attractive feature.
Cost: A basement renovation typically ranges from $25,000 to $50,000.
ROI: Finished basements can return 70-75% of their cost at resale, especially if the basement has rental potential.
Pro Tip: Consider adding a kitchenette and bathroom to your basement to make it a complete living suite, appealing to homebuyers interested in multi-generational living or rental opportunities.
Final Thoughts
Fall is the perfect time to invest in home upgrades that can boost your home’s value before the winter season sets in. Whether you’re planning to sell or simply want to enjoy the improvements yourself, these renovations offer both immediate and long-term benefits. With smart energy upgrades, eye-catching curb appeal, and strategic interior improvements, you can position your home for success in today’s competitive market.
If you’re considering any of these renovations or want to know how they can impact your home’s value, I’m here to help!