The Canadian housing market has exploded over the past few years, and many sellers are finding themselves scrambling to increase the value of their home while simultaneously cutting out competitors.
In a housing marketing as hot as Toronto’s, any edge over the competition counts. Fresh coats of paint, stainless steel appliances, and new floors can all help increase the value of your home while attracting new buyers.
If you’re looking for fool-proof renovation ideas that will get you a return on your investments, continue reading to learn our top tips!
Beautify Your Home
If there’s one thing we know for certain, it’s that no buyer enjoys walking into a messy, damaged home.
Finding the fine line between overinvesting and investing just enough to make a small return can be tricky. Luckily, there are several relatively small initiatives one can take that can result in a big payoff. For example, if you find your home is lacking art or if you have begun to pack away some of your pieces, simply borrow some art from friends to add personality to your home.
If the home you are looking to sell has been a forever-home for several years, chances are that there may be some dents, scratches, or peeling paint on the walls. A fresh coat of paint can definitely brighten a space up and make it look infinitely better!
Make Your Home Energy-Efficient
People love to save on costs when they can. Investing in energy-efficient materials and products can seem pricey, but it can actually save you in the long-term.
Increasing your home’s energy efficiency can be done in a number of ways, from installing solar panels on your roof to investing in replacement windows in Toronto. Some may wonder how new windows can save energy, but it can actually make a significant difference on your energy bills.
According to the Natural Resources Department of Canada, “Windows, doors and skylights can be a significant source of energy loss in your home – up to 35%.” To combat this energy loss, energy efficient windows were developed not only to maximize energy efficiency and reduce wasted energy, but to cut down on costs for homeowners! Energy Star rated products can save up to 8 percent on your energy bills, and that can certainly add up over time.
Invest in Kitchens and Bathrooms
Forbes magazine recently published an article reiterating the importance of updating kitchens and bathrooms to yield the best returns on investments.
As a matter of fact, according to a realtor in Connecticut, kitchens can provide the biggest returns on investments. Considering that the kitchens are the heart of the home for many people, it makes sense why investing in it is highly recommended. Replacing appliances and painting cabinets with a fresh coat of paint can draw buyers in to not only seal a sale, but in some cases even sell above asking price!
Bathrooms are less likely to require full scale renovations, and simple upgrades can easily do the trick. If your home has aged significantly, give your bathroom a facelift with inexpensive fixtures or a vanity and prospective buyers will be just as pleased!
Incorporate Smart Technology
It’s 2019 and people love automated technology!
These days, the possibilities almost seem endless, but we recommend looking into smart devices like electronic security systems, touch-pad thermostats, and “smart” lighting. The future is now, and installing up-to-date technology in your home is a cost-effective way to improve your home’s value.
Consider Replacement Windows In Toronto
One of the most popular reasons why people hesitate on updating windows is that they’re unsure if it will help in a potential resale.
It’s important to keep in mind that few window investments do lead to a 100% return, but they can still recoup the majority of your investment (and it may even seal the deal by being the extra push for prospective buyers). You can expect a 70-80% return on your replacement windows. Therefore, spending $2000 on replacement windows, can yield you approximately $700-$800 added back to you home’s value when putting it up on the market.
While you may be spending money in the short term, you can definitely save in the long-term– and that’s just another huge reason why window replacement is so valuable! Energy star rated windows can save up to 12% on your heating bill. Even if you pay a premium on replacement windows in Toronto, poor quality windows are unlikely to get you the return you’re seeking out, but low-maintenance, energy-efficient, and durable windows will.
If you’re looking for the best replacement windows in Toronto, contact Clera Windows and Doors. All of our products are made in-house to ensure our consumers get the highest quality materials at a fraction of the cost of our competitors. Our team members from manufacturing to installation all take great effort to produce beautiful and energy efficient products so you can feel confident in trusting us with your home. If you’re looking to enhance the curb appeal of your home, contact us today.