Photo of Luxury Burlington Home for Sale

 Monday, May 22, 2017     Laurence Mongeau     Renovate and Refresh Your Space

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In many cities and communities across the GTA, inventory is low and prices are high. With tales swirling of homes selling for hundreds of thousands of dollars over listing price and bidding wars becoming the norm, you might be wondering if the time is right to purchase a new home.

Since there is no easy answer, some homeowners may decide to wait for a more stable market in which to sell and buy a new home. If you do decide to wait but are craving a change, take this time to tackle a home renovation! You can increase the value of your current home – always a good thing – create more square footage for your family and possibly position yourself better for a quick sale down the road.

Getting a high return on your investment is on most homeowners' minds when planning a home renovation project. Kitchen and bathroom remodels almost always increase the value of a home. Any project that adds additional living space to your home will likely be a smart investment, including finishing the basement or attic space or building on an addition. As with any major project, getting the right permits and hiring a reputable contractor is key.

There are also dozens of projects you can take on around the home that will make it more enjoyable for your family for the time being and make it more appealing to prospective buyers when the time to sell does come. Exterior upgrades are becoming very popular amongst Canadian homeowners, with many families spending big bucks on landscaping projects, including new decks, fencing and driveways. With the price of cottages on the rise, outdoor kitchens are gaining popularity in Canada as well, as many homeowners aim to create the perfect "staycation" space in their own backyard.

Another goal of many home renovators is energy saving. Replacing your home's windows or roof and beefing up insulation might not be the most exciting way to spend your reno dollars, but it will help you save big time on monthly energy costs while increasing the value of your home.


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5      11 reviews


Photo of Leslie Quinsay

Leslie Quinsay
  July 12, 2024

Laurence is wonderful to work with and always goes above and beyond! She has helped us in both the buying and selling processes multiple times. Highly recommend.

Photo of Gail Alteen

Gail Alteen
  May 28, 2024

Just want to say thank you for your hard work and dedication in getting my home sold. You were very organized, professional and honest. It was a pleasure to work with you.

Photo of Clarissa

Clarissa
  May 27, 2024

Laurence is an exceptional real estate agent. She is professional, knowledgeable, and attentive to my needs. I highly recommend her to anyone looking for a great agent. Thank you, Laurence!

Photo of Stephanie Bishop

Stephanie Bishop
  May 21, 2024

Laurence worked diligently at following up with each person who viewed the property... always available to let me know what kind of feedback she was receiving. No matter when, there is only one person I will ever deal with to buy or sell real estate, and that is most definitely LAURENCE MONGEAU!

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