5 Renovations or Alterations To Increase Your Property Value
Posted by Joel Gwillim on Thursday, April 11th, 2013 at 3:10pm.
1] Cleaning, Organizing & Staging
Simple and inexpensive! By far the biggest overlooked item on a seller’s to do list is the overall cleanliness & presentation of their space. Instead of immediately looking into fixing up items, renovations and alterations, consider de-cluttering and re-organizing your interior space to maximize the size and layout. Consult an interior designer or stager if it’s in the budget, it will definitely pay off. Don’t forget a complete cleaning of the property prior to initial viewings, you want to ensure that wow factor with potential buyers.
2] Interior Paint
Colors and tones pose a big impact into the overall impression of a property. An investment into interior paint typically returns very positively, not to mention it is very inexpensive compared to other changes you can make prior to selling. Color undoubtedly reflects personality, so it’s easy to get carried away with a particular personal idea or look. A solution? Use a soft, forgiving palette to start, for the main walls, and maybe a unique feature wall. Play around with the spectrum to use as your main color and work off the members of its family. When selling, neutral is always the strategic word here.
3] Exterior, First impressions & Curb Appeal
A buyer’s first impression means everything. They say a buyer can decide within the first minute if your home might be right for them. So why not take this into consideration when preparing your property for sale? Work on curb appeal by ensuring the grass is cut, weeds pulled, sidewalks are clear and general look of the home is impressive. Make sure the interior entry is well lit, clean and spacious. Want to take to the next level? Maybe a unique colored door or custom large, modern address numbers. If you're in a apartment style condo, think of anything you can do to ‘jazz up’ an entry space, do it. Things like a mirror, artwork or a timeless light fixture…get the potential buyer craving more!
The kitchen is often seen as the heart of a home and is one of the most viewed public spaces when entertaining. Kitchen renovations can have an excellent return on investment if the right upgrades are done. The potential improved value of the property will dictate how much is spent on the kitchen. The main thing to remember is to not overbuild the kitchen relative to the value of the property. New appliances, backsplash, countertop and refinishing or changing out the doors and hardware is a cheaper alternative than gutting and redoing the entire kitchen.
After the kitchen, bathrooms are the next rooms that are viewed with a high level of criticism by potential buyers. Make sure they are bright and clean. If a new bathroom doesn’t fit the budget, try refinishing the tub, retiling the tub surround and replacing out dated taps, toilets and light fixtures. This will definitely attain some good bang for your buck!
Contact us for any additional tips or tricks to selling for top dollar or getting the most of your home!