Renovations can often come with a sense of stress and uncertainty, and we understand why. From juggling timelines and budgets to managing countless details, updating a home can feel overwhelming. But here’s the good news: when done thoughtfully, renovations—whether large or small—can significantly increase your home’s value.
According to a recent study by HomeGuide, smaller, targeted improvements often deliver the highest return on investment (ROI). Not only will these updates make your home more modern and enjoyable for you, but they’ll also make it more appealing to potential buyers.
The kitchen, known as the heart of the home, is one of the most effective areas to focus on. Minor kitchen renovations costing between $4,000 and $18,000 typically result in an impressive 85% ROI, especially when using high-quality yet budget-friendly materials.
What’s Considered a Minor Kitchen Renovation?
A minor kitchen upgrade typically includes installing new countertops, updating flooring, refacing cabinets, replacing drawer fronts, adding new hardware, upgrading a few appliances, refreshing light fixtures, and applying a fresh coat of paint.
For cosmetic kitchen updates, Homekin is the perfect partner. With numerous completed projects across Toronto and the GTA, the Homekin team are experts at transforming kitchens with minimal disruption. For more extensive kitchen renovations, Urban Blueprint Design + Build is a trusted team with the expertise and resources to handle major overhauls—without blowing your budget on a full gut kitchen remodel.
Bathroom Renovations: The Second Most Impactful
Next to kitchens, bathrooms offer a strong ROI when renovated. The same principle applies: you don’t need a full-scale overhaul. Simple updates like new paint, countertops, hardware, and lighting can make a big difference. A mid-range bathroom renovation costing between $5,500 and $15,000 typically delivers a 65% ROI; again, Homekin & Urban Blueprint are ready to help depending on the scale of renovation required.
Getting Ready to Sell?
When it’s time to sell, The Penzo Team has you covered with their on-demand trades and services. From styling to decorative details, the team knows what makes a home shine in photographs and showings. Small touches—like artwork, stylish runners, fruit bowls, and floral arrangements—create that homey feel buyers love and help your property stand out in the market.
Want expert advice on what to do with your kitchens and baths, straight from an interior expert? Get started today with the Homekin Style Quiz.
