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You’re probably not planning on staying in your home forever, and when you come to leave you want to know that you’re getting as much for your home as possible. Tru Real Estate Team will do everything we can to help, and we’ll advise you on what you can do too. Major renovations are one way, but there are less expensive and still extremely effective ways to raise your home’s value.
The kitchen is still king when we are showing buyers around a home. A modern kitchen is cited as a major selling point in survey after survey of new home buyers. The easiest way to upgrade your kitchen can be done in an afternoon without getting contractors involved: replacing your appliances. Everything except the oven should be able to be swapped out very easily. You can also get new countertops without breaking the bank.
You don’t have to go all-out on your basement (or attic) to add serious value to your home. Just have a contractor create a simple, light, airy space and let the potential buyer’s imagination do the rest: it could be man-cave or media room or fitness suite. If you have extra cash, creating a ‘mother in law suite’ in your basement will also add extra value, and you can even rent it out for extra income until you’re ready to leave.
In a previous blog, we discussed how important energy efficiency is to new buyers- nobody wants to move into a beautiful home to find that on top of their mortgage they have to pay sky-high utility bills, and buyers are getting smarter about asking the right questions to determine if a house is energy-efficient. Check your insulation, get LED lights and see if you can update or even downsize your boiler. Plus, get your rebates from the Alberta Government
As the New York Times recently reported, saving time is great way to increase happiness. Its prescriptions–eat more takeout and hire a maid–might not be possible for everybody, but you should keep in mind that while you might see a beautiful garden as a place to relax, a potential buyer will see it as a source of difficult chores. Think about how much work will go in to keeping your house well-maintained and ask yourself whether that level of activity might turn off potential buyers.
Painting the interior or exterior of your home is still the number one way to improve its aesthetics without spending a lot of money. For the cost of $30 tin of paint, a $5 roller and a Sunday afternoon you can radically transform any of your indoor spaces and add curb-appeal to windows and doors. Pick something neutral, and if your home’s future owners want to go crazy with their own idiosyncratic colour scheme then they can.
There are some beautiful gardens and yards in our area, but the climate isn’t exactly conductive to growing: half the year is too cold, half the year is (almost) too hot. As we said above, a lot of people won’t be interested in taking on the maintenance of an elaborate garden, so perhaps a rock garden or a simple lawn would be just as effective.
Unless you’re 100% sure that you’re in your home ‘til death do you part, then a future sale should always be on your mind. Even if you don’t plan to move soon, life might have other plans, so it’s still worth keeping one eye on the future. If you want us to come take a look at your home to get it ready for sale, contact Rollie or Kerri at Tru Real Estate Team.