When looking for homes for sale in Collingwood, what makes potential home buyers pull out their checkbooks? What are some ways that you can increase your home’s value before putting it on the market? One of the absolute best ways to boost your asking price and your home’s selling appeal is to make some home renovations.
Your first thought about home renovations may be that you can’t afford it—but think again. There are several renovations that will provide a huge return on your investment. In other words, you’ll earn the money back (and then some) when your home goes up for sale. The key to affordable home renovations is to list out your priorities, make a plan, and then stick to it. And set aside an extra 15 to 20% of your budgeted costs to cover emergencies and the little extras that will inevitably come up.
Here are a few home renovations that will provide you with the greatest ROI:
- Painting – Just adding a fresh coat of paint on the walls or tearing down that old wallpaper and replacing it with paint can have an ROI of up to 300% when you list your home for sale.
- Kitchen Remodeling – This renovation carries an ROI of about 70-120%, depending on how much and what type of work is done. But you don’t have to tear out everything and start over—even cabinet refacing or replacement, new kitchen flooring, or updated appliances can really boost the value of your home.
- Bathroom Additions & Remodels – Consider adding new tile to the walls or floors, installing a larger bathtub or shower, or getting new vanities, sinks, & mirrors. Or if you want to boost your home’s value even further, install a new guest or master bathroom.
Before listing your home for sale in Collingwood, you’ll also want to fix all the little problems, such as filling cracks or holes in the walls, fixing squeaky floors, replacing rusty handles and doorknobs, re-painting window frames, updating light fixtures, etc. All those little things really make a difference when you’re trying to make a good impression on potential home buyers.
If you want to save extra money, you might even consider putting on your DIY hat and doing the renovations or improvements yourself before you list your home for sale in Collingwood. But if you don’t have any handyman experience or if the project is complicated and extensive, you’re probably better off hiring a professional.
As soon as you’re done with the renovations and you’re ready to list your home for sale in Collingwood, give Ian Hawkins & Cindy Ryerse a call. We can help you make sure your home sells quickly and for the highest price possible!