Some home improvements offer zero benefits to the home’s value. In fact, many “improvements” can negatively impact the value of a home. It’s essential to navigate all home improvement decisions based on what buyers in your area most want and desire. Subjective, personal tastes can be a minefield. So, do your research about the aesthetic desires of a pro. It also goes without saying that quality workmanship is an essential minimum.
The Best Home Improvements For Resale Value
Painting For Resale
Painting is the cheapest and one of the best home improvements for resale value. It is straightforward to turn a dark, gloomy space into a bright and refreshing space. Simply choose your paint wisely. It’s incredible that a room with very little natural light can feel far more expansive with some fresh paint. If you are considering wallpaper so, do it only as an accent wall. Beyond that, seek professional help!
Another often overlooked option when it comes to painting a home before selling is to paint the kitchen cabinets. This can go a very long way. Add some new hardware to the cabinetry, and it will transform the space for a fraction of the cost of a kitchen remodel (stated below.)
Lighting
New ceiling, sconces, and other lights are a relatively easy and cheap way to improve the look and feel of a space. You may be surprised how some modern lights can excite a buyer. Look at Amazon and the big home improvement stores to shed some light on this idea. There is no need to break the bank here. Have a certified electrician switch out the lights, and you can be assured that a more modern and sleek look is achieved.
Flooring
Pull the old carpets up, and strip out old, dated, squeaky flooring. Carpets are less common than ten years ago; however, if used wisely, they can work. Bedrooms are generally the best place for carpets. Think tight weave carpeting. When it comes to the preferred flooring of today’s buyers, go with hardwood, also considering lighter tones. However, a darker stain can look fabulous if done mindfully.
➤ Every good investment needs a well-planned strategy. Start preparing with the following:
- Are Condos A Good Investment?
- How To Submit A Winning Offer On A Home
- The Most Undervalued Condos In Toronto
- Condo vs House Investment
- Why Parents Should Invest In Toronto Condos For Their Children
- Millennial Home Buying Trends
Kitchen Remodel Can Increase a Homes Value
The kitchen is what grabs people. Many new homes and condos have an open-concept kitchen. The kitchen is typically combined with the dining room and the living room. This means that people want a kitchen they can show off and entertain in. Kitchens are no longer in separate rooms behind closed doors. Once again, white is best. There are certain caveats. However, whitewashing is the simplest option. A fantastic island in the kitchen is also in high demand. This has become the entertaining space within the kitchen.
Renovating Bathrooms Before Selling
Should I update my bathroom before selling? I get that a quick freshen-up in the bathroom is nice to have for many buyers. A smaller sink and vanity is a good move. Rain showers and glass doors look lovely and inviting. Once again, lighter colours as bathrooms are smaller than other rooms. Allusions to space are always in demand.
Tips For All Improvements
There is a delicate balance between overspending and cutting corners to save a few bucks. The key is to accent with modern elements. Paint a room white, add some nice lights, remove needless contents and accent only when appropriate. You want to draw the buyer’s eye to what is more charming and desirable. You don’t need to break the bank. You need the right advice, and you can maximize your return on your home investment.
