Toronto is the desired location for many, and the housing market in this bustling city continues to experience marked increases. According to a Globe and Mail article, in April 2014, the average price of a Toronto home was closely approaching 1-million dollars. While this is good news for sellers, it can make buying a property especially difficult. Many struggle to come up with a significant down payment and secure a mortgage, and this puts their dream homes out of reach.

The Advantages of Renovating in Toronto

For families who are considering a move in Toronto because of a need for more space in a larger home, there are options. While moving might be the right choice, renovating a current home is another viable solution.

Home renovations can improve the layout of a home, update rooms that do not currently match the homeowner’s lifestyle and even add space. While there are some inconveniences involved in any renovation, many homeowners find that they are willing to make the sacrifices in order to improve their homes and avoid the stress and expense involved in relocating.

Expanding and Improving Your Toronto Home

If you are currently in a home that is smaller than you need, think about ways in which you can expand it. If you have a large yard, sacrificing some outdoor space might give you room to add a bedroom, build an office or create an airy sun-room. If you do not have room to expand, tearing down walls to create an open concept room or re-configuring prime areas of your home like the kitchen can provide you with the updates you need to love your house once again.

Toronto Home Renovations That Help You Sell

If you have made the decision to sell, there are still benefits to considering a few home renovations. Even in Toronto’s top-dollar real estate market, it is important to make your home attractive to potential buyers in order to maximize your profits. This can increase your potential to buy the next home of your dreams by giving your more money toward that all-important down payment. Simple renovations like adding granite in the kitchen, updating an outdated bathroom or improving an outdoor living space can turn your home into the one buyers are looking for, reap you top-dollar offers and even create a bidding war that ultimately grants you more than asking price.

Working with a Professional Toronto General Contractor

When considering a home renovation in Toronto, it is a good idea to consult with a design and construction professional. Choose someone local who understands the area in which you live and can make design recommendations that are suitable for your neighborhood and cost effective for your family. Even if your plan is to stay put in the home for now, it is important to consider resale value after the renovations are complete. This can help you to maximize your renovation dollars in case you decide to relocate in the future.

Alair Homes is Toronto’s premier home renovation general contractors. We are part of national, award-winning team with immense buying power. The savings we see are passed directly on to our clients in an effort to help them realize their home renovation dreams for less. Our goal is 100-percent transparency and completely satisfied customers throughout the design and construction process. Whether you are renovating to stay or renovating to sell, we will listen to your needs and develop a plan of action that exceeds your expectations. Should you decide to relocate, our team can also help you to design a fabulous Toronto custom home that perfectly matches your family’s needs. Call us today for a free consultation and detailed, no obligation estimate.