Tips to Increase the Value of Your Home
When it’s time to sell your home, you need to look for ways to boost its value. If you’ve been hesitant to make some much-needed upgrades due to the cost, there are some things you can do to your home that won’t break the bank and will catch the eye of potential buyers. Before you call a Toronto real estate agent to list your home, check out these 5 tips to increase your home’s value.
The Kitchen Is King
Most people consider the kitchen to be the heart of the home, so updates in this room pay off. Think about adding a fresh coat of paint and updating things like cabinets, cabinet hardware, countertops, and sinks. Installing new light fixtures is another way to make your kitchen look brighter and modern. Also, consider replacing those old, mismatched appliances with new, Energy Star-rated ones.
Update or Add Bathrooms
If your home doesn’t have enough bathrooms or if they’re outdated, it will be a big turn off to potential buyers. If you have space, adding another bathroom can really increase a home’s sale appeal. But you can tackle inexpensive elements like vanities, toilets, and fixtures and still get the look and feel of an update without breaking the bank.
Adding More Space
Adding more usable space to an existing home can be very beneficial. This is especially true in areas with limited available real estate where land and space may be finite. Adding a separate mother-in-law suite is a great way to set your home apart from the competition. Consider knocking down some walls to brighten up a space. An open floor plan will also make a home feel much larger and is better for entertaining. You can also add significant value to your home by offering potential buyers a finished basement, which can easily be turned into a playroom for the kids, a bar, or a media room.
Energy conservation features can have a big impact on your home’s value. Installing a smart thermostat is one way to improve efficiency while making your home stand out from the crowd. Just like energy-efficient appliances, programmable thermostats have widespread appeal and are ranked by potential homebuyers as one of their most important home features. Other ways to improve your home’s efficiency and value include installing LED lighting, adding insulation to walls and attics, and replacing old windows with insulated vinyl windows. Homebuyers of every economic background ranked Energy Star-rated windows among their most-wanted features.
The curb appeal of your property is very important when it’s time to put your home on the market. The outside of your home is the first thing potential buyers see when they visit and generally the first thing displayed on your home’s online listing. Before adding your home to a homes for sale listing, add a new mailbox, install some outdoor lighting, and plant some new trees to make your property more inviting. The driveway should be paved properly, and any lawn space should be neatly maintained. Consider decorating your front porch and walkway with colorful plants and shrubs. Think about purchasing all-season plants as they will not only save you money but also require less maintenance.
If you’re looking for homes for sale in Toronto, call Merenda Real Estate Group at (416) 240-7653 today or visit us at www.merendarealestate.com. We’re ready to help you list your current home and assist you in finding your dream home.