New kitchens 'represent money well-spent'

Homeowners considering renovating part of their rental properties may want to consider overhauling their kitchens.

According to a Homes-Extra.ca article by Scott McGillivray of the QMI Agency, kitchens tend to be closely examined by those looking to rent a home.

"Kitchens should be bright and spacious with a smart layout. Replacing old appliances with inexpensive and more efficient new ones also adds a lot of appeal," he comments.

Mr McGillivray adds that landlords should install a dishwasher where possible for extra appeal.

When done right, a kitchen renovation can result in a return on investment of between 75 and 100 per cent, he explains.

TV property expert Phil Spencer told the Telegraph last month that those looking to improve only one room in their properties should concentrate on updating their kitchen design, as this part of the residence has become something of a centrepiece for homeowners over the last few years.