You've decided you want to renovate your Alderwood real estate before you sell it so you can get the best possible price for your property, but the question is: which renovations will net you the most money from buyers compared to the money you spent? The following is a brief run down on the types of renovations that will net you the best return on your investment. Consult this guide to avoid wasting your hard earned money.

Painting and Decorating

You may be surprised to learn that the simplest renovations have the best return on investment. Simply repainting the interior of your Bloor West Village real estate and decorating it like a page from a catalog or magazine (this is called staging) will net you a whopping 73% average return on your investment, making it the best value out of any renovations you can do. Just be careful not to decorate in a way that will turn buyers off. Consult magazines, decorating shows, books, or a professional stager for advice.

Kitchen

Kitchens are widely regarded as the heart of the home. Most families spend a large amount of time in the kitchen preparing food, eating, and just hanging out. Therefore most buyers will look for condos for sale in Toronto with elegant, newly renovated kitchens that have brand new appliances. If you can give it to them, you're looking at a 72% return on your investment. Even if you can't afford new appliances, painting, refinishing, and changing taps and cabinet hardware will still give your kitchen a more updated look.

Bathroom

Bathrooms are among the toughest renovations, with tile and fixtures that are permanently cemented in and a fair amount of plumbing, however if you can pull it off you're looking at a 68% return. It may be necessary to hire building contractors in London to replace your old tub or toilet, but the lighting, medicine chest, and mirror you can do yourself. Keep things neutral - it's the gaudy colors of past decorating paradigms that really turn buyers off.

Exterior Painting

The outside of your house is what appears in alongside the other Georgetown, Ontario homes on the street and in the real estate listings, so you'll want to make sure it looks its best. Often all this entails is giving the exterior a new coat of paint. You can actually get a 65% return on your investment out of it.