The Globe asked five experts in home-related fields, from real estate to design and sustainability, how Canadians could maximize a $10,000 spend on their homes this year
On the ever-popular topic of home renovations, Canadians are downsizing – at least, in terms of their budgets. The fifth annualrevealed that homeowners spent an average of $12,300 in 2023 on renovations, and this number is expected to fall by more than $2,000 in 2024.
Roof and siding repairs, new eavestroughs, decks, fences and tree trimming are some of the items at the top of Dauphinee’s recommended upgrade list for a home’s exterior – especially as extreme weather events occur across the country. A new driveway is another practical upgrade with the added benefit of improving a home’s curb appeal.
“A mirror from a vintage store, and a new faucet and wall sconces will also make a dated bathroom feel new,” she says. If replacing the current floor tiles doesn’t fit the budget, consider using specialty paint to create a trendy checkerboard pattern, or apply peel-and-stick tiles over the existing ones.
Recommended remedies include updating old or broken windows, replacing caulking around windows and doors, beefing up attic insulation and checking that dryer vents are well sealed. In one recent project, Creasy – who’s known for his standout kitchens but also does full-home design – assessed that the cabinetry, counters and backsplash were in good condition and worth keeping. “People think designers are expensive but, in many cases, we can steer the project and ensure the spending aligns with the desired outcome,” he says.
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