12 Dec 5 Ways to Increase Your Home’s Value
5 Ways to Increase Your Home’s Value
There has been plenty of talk in the news recently about the Canadian housing market. From interest rates rising, to de-incentivizing first-time home buyers, there is a high degree of uncertainty. While these are many items of interest for home owners or prospective buyers, there is one item top of mind for homeowners constantly- how can I increase the value of my home?
From renovations to energy efficient upgrades, there are plenty of ways to increase the value of your home. While some items may cost more than others, here are a few key items for consideration.
They say first impressions are everything, and guess what? They’re right! One major consideration if you are looking to increase your home’s value is with curb appeal. While the inside is equally, if not more important, the outside of your home says a lot. HGTV says:
“Make a list of ways to enhance the positive and eliminate the negative. If you have a nice curvy walkway, accentuate it with flowers or lanterns. If the first thing a visitor sees is your big wide garage, try to guide their eyes into a beautiful front yard, or paint your front door red to guide the eye there. These things add value.”
Updated Bathroom Fixtures
Does your bathroom look like it’s stuck in the 90s, 80s, or even 70s? You’re probably not alone. Thankfully there are simplistic and relatively affordable alternatives to giving your bathroom a refresh including:
- Re-glaze your existing tub or sink
- Frame a mirror
- Add a fresh coat of paint
- Update your shower curtain
- Install new taps
- Dress your windows
- Wall-mount a cabinet
Spend Your Money In The Kitchen
They say that the kitchen is the heart of the home. It’s also the way to your future buyer’s heart. Kitchens are not only one of the most utilized spaces, they’re a space that everyone sees. When it comes to renovating your kitchen, there are a few “quick wins” that will increase value.
The first is appliances. Stainless steel is a must for many buyers and gives your kitchen that shiny new feel. Next is cabinetry. If your cabinets look old, outdated and sad you can try to paint them, however don’t underestimate the power of new cabinetry and a fresh coat of paint to give your kitchen that new feeling. Last, let’s talk countertops. Investing in granite or marble is a high priority item to future buyers. While the investment is more significant, the return-on-investment is completely worth it.
Cleanliness Is Everything
We have all been on the market for a new home at some point in our lives and you know what we mean when we say having a clean home goes along way. Have you ever walked into a home viewing and cringed at the clutter and dirtiness? Not a great first impression! When listing your home, ensure clutter is gone and that your home sparkles. Thank goodness there are so many great local cleaning companies that can help with this!
Let There Be Light!
There is nothing good lighting can’t fix! Whether you install dimmer switches to control the mood or install new light fixtures, the possibilities are endless. New light fixtures are an amazing way to give your older home modern features and dimmer switches are a great way to accentuate or divert attention to certain spaces in your home.