5 tips to quickly sell your house while increasing its value

Written by Posted On Wednesday, 18 April 2018 06:17
Kitchen countertop by Formica Kitchen countertop by Formica Formica

Make a first good impression

One of the best investments to make on renovations to sell his home is painting and siding. According to the Canadian Institute of Evaluators (ICE), applying a coat of paint on a balcony or sandblasting and revamping a wood facade could yield the entire investment, as well as making a first impression on the eyes. buyers who discover the property for the first time. Also, according to the Greater Montréal Real Estate Board, if the facade is covered with stones or bricks all around the house, it could be worth 5% more than a house with only the stone or brick facade. Conversely. A vinyl facade could reduce its actual selling price by 5% compared to a brick facade. Last element not to neglect: the front door. When it is beautiful and new, it reflects that the house is maintained. This is also the first item that will be seen by potential buyers; the phrase "we have no second chance to make a good first impression" makes perfect sense with this advice.

Privilege small renovations inexpensively

Still according to the ICE, we must focus on small renovations at low cost but that will have a great impact, such as a new counter, a coat of paint or new faucets for the kitchen or bathroom. In fact, according to the Appraisal Institute of Canada, these last two pieces can yield up to 100% of the investments for their renovations if they are well done.[1] But beware: the works and materials used must be of high quality. It should be remembered that potential buyers are serial shoppers and visit several homes in a short period of time. They will see all the little flaws! For this purpose, replacing a countertop with a high-pressure laminate can make all the difference at a low cost. Replacing the color of the walls can also be a very affordable solution that will add light and a touch of freshness and modernity to a room.

Create a wow effect with furniture and accessories

Potential buyers get an idea of ​​the home as soon as they step inside. Therefore Nathalie Clément, director of the real estate agency Via Capitale Plateau Mont-Royal, identifies the factor wow as considerable. People just have to say wow! when they enter the house, according to her. Sometimes small accessories or modern furniture, such as classic-style sofas, can do the trick. It is sometimes necessary to make small investments that will make the difference between selling in 1 month and selling in 1 year. According to Clément, we must favor a classic style and keep up to date in the latest trends, for example, by drawing inspiration from interior decoration magazines.

Have some storage space

The imposing spaces are popular, even if the era is in human scale neighborhoods. Buyers are looking for homes with lots of storage space, or an extra bedroom for their needs for a professional office to work from home or a guest room. They must feel that they have space to live. One of the relatively affordable ways to meet this need is to build an extension to your home. For as little as $ 3,000, you can add one of these bunkies in its backyard that can serve as a personal space or guest room. The investment will be worth the return! Moreover, the Valeri online tool, available online by the Real Estate Board and used to determine the property value of its property according to several criteria, has determined that a house with a garage or a DIY workshop is worth between $ 6,700 and $ 11,300 more than a house that does not have one.

Replace the floor with hardwood

Fashion is raw materials and solid wood flooring is no exception! This item may be more expensive, especially since it is advisable to do it by an expert, but the cost is worth it. Also, according to the ICE, the percentage of costs that can be recovered with the investment is between 50% and 100% once the house is sold.

 


[1] http://www.lapresse.ca/maison/renovation/200611/06/01-869725-ces-renovations-qui-rapportent.php

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Véronique Bettez

I am passionate about interior design and I am particularly interested in home staging to sell a house. People get an opinion of the house in the first minutes they enter it and it is particularly at this point in the shopping journey of a customer that I like to intervene. I like to create a Wow effect that will capture future buyers.

I am passionate about interior design and I am particularly interested in home staging to sell a house. People get an opinion of the house in the first minutes they enter it and it is particularly at this point in the shopping journey of a customer that I like to intervene. I like to create a Wow effect that will capture future buyers.

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