Tag Archives: Rachel Joanis

Home Improvements: Renos that boost your R.O.I.

Renos that boost your R.O.I.

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Renos that boost your R.O.I.

Illustration by Rachel Joanis

So, you’ve decided to sell your home. That means you’ve also likely tossed around the idea of a home renovation to yield the best possible profit. Here are four home renovations that yield the highest payoff.

Kitchen

It’s the beating heart of the home. This is the most-significant and most-expensive room to renovate, but it also gives you the highest return on your investment. There are a few reasons for this. Kitchens are a pain to renovate, from the inconvenience of functioning without a kitchen for weeks (or months) and the effort required to coordinate or complete the work. That means buyers are often willing to pay a premium for a home with a brand-new kitchen. Always choose quality over quantity – a cheap or poorly done renovation can decrease your home’s value.

Bathrooms

Much like the kitchen, bathrooms are difficult to renovate, and many homebuyers will pay extra for the convenience of having it done for them. Spa-inspired bathrooms are a common upgrade in older homes when the bath was considered a utilitarian room versus a feature space. A bigger, brighter bathroom with custom elements, such as vanity and countertops, unique tile work, fabulous lighting and extras like a steam shower, make-up area or a meditation zone can bring in the bucks on resale.

Income suite

An income suite is a biggie – especially in pricey urban housing markets such as Toronto and Vancouver. Young homebuyers often look to tenants to help them pay off their hefty mortgage, and multi-generational households can reside together with greater cost-efficiency and privacy. Look at secondary suites for rent in the area to get a feel for what those units look like, and how much they rent for. This will be a great selling point for your home.

In the current sellers’ market, a fairly-priced home shouldn’t stay on the market for too long. Every homeowner is looking to get the biggest bang for their buck, and the quickest possible sale – which translates to even more money in your pocket. Work with your realtor to determine what renovations make sense in the current marketplace, and for some tried-and-true advice on how to get everything done.

Tips

Here are some more tips to help sellers keep their eyes on the prize:

  1. Renovate for your target buyer, not for yourself. Your realtor can advise you on the types of renovations that will resonate with buyers in your area, and of the kind of home you’re selling.
  2. Work with an experienced contractor who’s familiar with the type of work you’re planning. Check out their portfolio, ask for references and contact them.
  3. Before any work begins, ensure your contract stipulates precisely what work is being done, what materials and products are being used, the budget and the timeline for completion.
  4. Do it by the book. Don’t try to save on costs by skipping the permits or taking shortcuts in the work. This will only end up hurting your bottom line, not helping.

Heather Hadden, Principal at Hadden Homes, notable top real-estate professional in GTA is focused on providing comprehensive full-service real-estate support for all new and existing homeowners.

Making you love where you live once again.


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By Design: Entertaining in 2020

Entertaining in 2020

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Entertaining in 2020

Illustration by Rachel Joanis

Intimate affairs are the new normal this season, as we all seek the warmth of home and the company of those near and dear to us. With safety still being top of mind, this entertaining trend promises to be about appreciation and a little indulgence. If you can’t treat 25 of your friends to a fun party, why not treat your social bubble or those in your immediate household to a truly fabulous, intimate event?

When it comes to hosting a great soiree, there are three key elements to consider: Consumables (food and drinks), entertainment, and last but certainly not least, ambience. As a designer, ambience naturally tops my list, as the overall look and feel of the space will lay the groundwork for the evening ahead. Here are some style layering tips to help set the mood in your home for an intimate soiree.

Furniture

Yes, you can and should move furniture for your event. While this is a common go-to strategy to accommodate large groups of people, a small gathering can also benefit from some strategic furniture placement. There’s nothing more awkward than people “floating” aimlessly in the room, and furniture placement allows you to usher guests into certain areas of the home. This may include an appetizer table in the kitchen, a beverage station in the den, a music/media area for audio and video requests, and areas throughout for guests to chat and chill.

Evaluate your space and take note of fixed focal points such as a fireplace or window with a great view. Now, create furniture vignettes around these, with facing chairs or couches, and some small tables throughout for guests to rest their drinks and dishes. Leave enough room between vignettes to allow the flow of traffic. Pay special attention to hot spots such as buffet tables or appetizer areas.

Regardless of the size of your soiree, ensure you have sufficient seating to accommodate every guest. You can always borrow a few pieces, or consider investing in some staples such as poufs, ottomans or a small accent chair. These will come in handy for your gathering and will help fill in those empty corners after your guests have all gone home.

Layers of lighting

The right lighting can make or break your party. Create a sense of warmth in your space by dimming the overhead lighting and layering in some table and floor lamps. Light up dark corners, and make every room sparkle with simple strings of white lights, mirrors and reflective materials, and the flicker of real candles – under supervision, of course.

Details matter

Just because your gathering may be small in size, doesn’t mean it should fall short in any way. Kick it up a notch by paying attention to the fine details. As I always say, there’s no detail too small, and collectively it’s the little things that will make all the difference. Whenever possible, personalize it – nametags on your guests’ wine glasses, place cards at the dinner table, and a parting gift “just for them” will ensure your guests feel appreciated.

Entertaining will look a little different this coming holiday season, and while we’re still getting used to this new normal, we’re yearning to reestablish those warm, close connections with our inner circle. With some thoughtful planning and creative solutions, your intimate gathering is sure to be a huge hit.

Kate Davidson, is the Founder and Principal Designer of Kate + Co Design.

For more than a decade, the multidisciplinary interior design firm has been providing complete residential and commercial design services throughout North America. Kate + Co is known for creating luxurious liveable interiors.

@kateandcodesigninct


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