| Selling

Thinking of listing your home soon? Small renovations are a great way to elevate the value of your property. If done strategically that is. For example, a fresh coat of paint in a neutral colour is a great way to breathe new life into your space and set a blank canvas for potential buyers. On the other hand, there are certain renovations that should be seen as a long-term investment and avoided if you plan on moving soon. Here are our top 3 pre-sale renovations to avoid:

Expensive Built-Ins:

Unless your home is completely lacking storage of any kind, built-ins and fancy closet organizers aren’t worth their weight in gold. They may wow buyers, but typically these systems come with a hefty price tag and won’t give you back your money dollar for dollar. The same goes for hardwired surround sound systems or whole-home electronic systems. They’re might sound appealing but are not a showstopper.

Wallpaper & Trendy Finishes:

In 2021, wallpaper is the new shiplap but that doesn’t mean that prospective buyers will love it. When selling your home, it’s important to keep things as neutral as possible. And, your wallpaper style likely won’t be the same as someone else’s. In that case, the buyer might actually see it as a headache since it will be something that they need to remove. Trendy finishes are also something to steer clear of. You want to appeal to the widest audience with your finishes so going with elements that are timeless and classic will be your best bet.

Converting A Bedroom Into An Alternate Use

It may be tempting to take that small third or fourth bedroom and turn it into a walk-in closet or assume it as part of your living space. But, you can actually decrease the value of your home by doing that. Traditionally, the more useable bedrooms a home has, the higher the value. Overall, it’s recommended to leave it as is so that the new owners can determine what their long-term plans are.

With all of that being said, there is a time and place for everything and with home flipping becoming so popular, it can be tempting to buy a home, renovate it and sell it right away. This is a possibility, but there is a lot more that goes on behind the scenes to make those flips possible and profitable. You should always seek the advice of a trusted real estate professional before doing any major renovations. Your agent will be able to tell you what homes are going for in the area, and what your ROI will be.

If you’re looking for a fresh approach and proven expertise on how to get the most for your home, we’d love to connect. Contact us today!