Updating your home for sale can be a difficult and overwhelming task, however when done properly with resale in mind, tremendous value can be created when it’s time to sell. When updating your home it is important to realize while something may hold incredible value in your mind, that specific vision may not translate to the next buyer. Do you love showering outside with the birds chirping around you? While an outdoor shower may pique your interest, its specificity may actually deter buyers and decrease value. It is important to make sure all your updating adds value and allows every buyer to envision themselves living their normal life in the space. These smart and effective updates in your home will often be reflected in the price when you sell.
1. Kitchen
The kitchen is one area where you can confidently spend money knowing you will see huge return. Whether you want to do a major renovation and take it down to the studs or just a small update, the kitchen is a focal point for most buyers. A quartz or granite countertop and some new cabinets will go a long way in adding value to your home. Buyers are often attracted to lots of counter space, tons of storage, and energy efficient appliances. However, kitchen renovations can get extremely expensive quickly so it important to be cost effective and stick to a clear budget when doing any work to the kitchen.
2. Paint
One of the best updates you can do to increase the value of your homes on a tight budget is a fresh coat of paint! It can really freshen a space up. When choosing paint colors go for a neutral palette. Neutral colors allow buyers to really envision their belongings in the space and allows the home to flow seamlessly. A fresh coat of paint tells buyers that the home is well taken care of and clean. Painting is a quick and easy refresh that can completely transform a space. Not to mention light colors help make a space look brighter, bigger and airier!
3. Deck addition
Outdoor entertaining space is one of the most desired features in today’s market. Adding deck space to your home will hold up to 75% of its value at the time of sale. It is SO important to ensure the deck is constructed properly with all the appropriate permits. If not you risk having to disclose any work done without permits during the resale. Adding outdoor lanterns and a fire pit can turn the deck into an entertainer’s paradise and a great bonus for buyers!
4. Landscaping
Landscaping is so important for curb appeal. Curb appeal lets the home introduce itself before you step inside. There is something about a well-manicured lawn and garden that displays a real sense of pride of ownership. Landscaping is another update that can be done on the relatively cheap side if you wanted to do it yourself. Add some fresh flowers in the front of the house, cut the lawn and now you have added major curb appeal. Check out Vivio Flower Gallery in Port Moody or Lotus Flower Boutique in North Burnaby for stunning flowers all year round!
5.Bathroom
The bathroom and the kitchen hold a lot of value when it comes time to resale. Updating the tiles, new bathroom fixtures, and toilets are amongst buyers favourite home updates. Again a neutral palette can add a spa-like tranquility to the bathroom. I personally love the look of black fixtures and white tile or marble. It’s a classic look that people love.It is an update you know will hold value when it’s time to sell.
These are just a few ideas on how to update your home that will increase value during resale. Spending money on specific additions to your home can actually deter some buyers, that is why it is imperative to have your work done properly and with the resale in mind. Look at design posts to see what the demands of todays buyers are and be ahead of the curve. Thinking about doing some updates to your home? Contact me today and let me tell you how to get the most return in your renovations today!
Natalie Chapman | nataliebchapman@hotmail.com | 604-771-6509
