Every year, RE/MAX Canada, one of the countries largest real estate brokerages, reports on the housing market’s most prominent renovation trends. So, what do the experts have to say about home improvements including kitchen cabinet refinishing?
Of those brokers surveyed for the 2021 Renovation Investment Report, 65% believed kitchen upgrades including cabinets, countertops, and appliances yielded the highest return on investment for sellers. A massive 87% of brokers contend that kitchen renovations resonate with potential buyers more than any other home improvement. Even better, brokers identified fresh paint as one the best investments under $10,000.
As an added benefit, RE/MAX has identified the top 3 improvements likely to maximize homeowners’ return on investment in each of Canada’s major markets. Kitchen renovations are ranked in Hamilton-Burlington, Mississauga, and Oakville. Fresh paint is ranked in Hamilton-Burlington and Toronto.
Your home will likely be the largest single investment you ever make for you and your family. That is why 59% of Canadians always consider the ROI that a renovation will have on their home’s market value. If you are one of the 70% of Canadians that feel redesigning spaces like your kitchen would add the most value to your home, or one of the 47% who want to keep their home improvement budget under $10,000, it is time to find out what the team at Momentum Cabinet Refinishing can do for you.
We can transform your kitchen in only 10 days. Refinishing your cabinets may just be the best way to put money in your pocket. Contact us today.
