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Purchasing a home is one of the most important, if not the most important, investments you may ever make in your lifetime. There are a wide variety of factors that determine the property value of homes in Canada, including location, the year the home was built, and, most importantly, the amount of work that’s been put into the home since its purchase.

Homeowners across Canada are looking for new ways to increase their home’s value. Some cases require significant renovations, while others can achieve this goal with a few simple adjustments to the home. The most important question to ask yourselves is how much of an increase are you hoping for?

In this article, we take a look at the ways in which Canadians are increasing their property values in 2023, with resources and tips to help you and your family take the next step.

Kitchen Upgrades

The kitchen is, more often than not, the centre of conversation and entertainment in the home. When buyers are looking to make a purchase, the kitchen is often one of the most important rooms to consider.

What homeowners choose to do with their kitchens can vary greatly — from simply painting dated cabinets and changing out backsplash tiles, to contacting a custom window manufacturer in Kitchener or where they’re located to replace their kitchen windows for a more modern look. Your budget will likely determine how much you can afford to put into your kitchen but know that any upgrades can make a difference in the value of your home.

Using Uncommon Spaces

There’s a new trend emerging in the home renovation space, and it involves taking unique spaces in the home and converting them into usable spaces. One of the primary examples is taking wasted space underneath a staircase and putting a compact powder room there for guests.

It may seem inconsequential, but the ability to be creative and find practical uses for even the most uncommon spaces in your home gives future buyers the opportunity to enjoy this space and increase the amount of livable space in their new home.


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New Flooring

Old and dated flooring can bring down the overall feel and atmosphere of the home, and the good news is that replacing your flooring is no longer as expensive as it used to be. While the past would suggest you need to spend a small fortune on real hardwood flooring — which is often harder to maintain — these days, homeowners in Canada can take advantage of cost-effective solutions like vinyl flooring. This material stands up to messes and is a low-maintenance option for families with young children and pets.

Exterior Refreshes

The exterior of the home is often the first impression for guests, and if you decide to sell your home, potential buyers. If your home has vinyl siding, something as simple as a fresh coat of paint can drastically improve the look of your home and make it feel more modern.

Planting some low-maintenance plants around the front, such as green shrubs, peonies, and hydrangeas, are simple ways to add life and personality to the home — without needing to spend hours tending to your garden.

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