There are plenty of ways you can increase the market value of your home without spending a fortune! Here are some tips that will help you get the best bang for your buck in your next reno or remodel.
Make Changes That Will Have a Big Impact First
While upgrading small details in your home can have a huge impact, they shouldn’t be the first thing on your list when you’re on a budget! As some upgrades really aren’t worth the price tag homeowners should make sure that they are spending the majority of their budget on projects that will have a maximum return. Resurfacing old floors and cabinets, upgrading appliances, or adding a fresh coat of paint throughout your home is well worth the investment. As for your home’s exterior, the first impression of your house is your door! If the paint is flaking or the door itself is old, consider repainting or completely replacing it with a new modern look!
Take a DIY Approach Where You Can
Repairing or painting items instead of replacing them is a great option when you’re working with a small budget. Painting your kitchen cabinets, for example, can radically change the look of your kitchen without having to install brand new cabinetry. Other inexpensive additions that go a long way toward improving the overall look of your home include installing new switchplate covers, replacing lampshades, adding crown molding, and upgrading hardware such as worn doorknobs or rusty hinges. Ensuring that all the rooms in your home not only have enough light but are correctly lit is another way to help your home sparkle! Soft bulbs that emit a yellow/red undertone are perfect for areas such as a living room or bedroom while bright bulbs that emit blue undertones work best in areas such as home office or library.
Save Money With Government Programs
There are multiple home improvement grants, rebates, and tax credits available to Canadian homeowners. For example, if you are thinking of updating a furnace or improving the efficiency of your HVAC system the Home Energy Conservation (HEC) Program run by Enbridge offers $1,600 worth of incentives to help cover some of the costs. Homeowners thinking of doing a new kitchen or basement renovation may want to look into The Save on Energy Conservation Program which supports homeowners with rebates on the purchase of ENERGY STAR certified appliances.For major renovations, home additions, or converting a non-residential property into a home, the HST New Housing Rebate offers up to $30,0000 in rebates!
Regardless of the size of your improvement project, knowing where you should put the money in your budget will help you get the most bang for your buck when it comes time to sell. If you’re looking to put your home on the market this season, please don’t hesitate to contact me today at 416. 903. 7653. It’s my job and mission to help my clients get the most out of their sale.