Increase Your Home’s Value

PAApril2017DigitalMarketingCampaignSocialMediaImage-1491850497496Increase Your Home’s Value Up to 28% with These 5 Tips

 Great curb appeal not only makes your home the star of the neighbourhood, it can also improve its value and help you sell it for more. Whether you’re thinking of listing your home or just want to make your home the envy of your neighbours, here are several ways to increase your home’s curb appeal.

  1. Make your home’s exterior look like new.

For many potential buyers, the condition of the exterior of a home can offer clues to the condition of the interior. The first place to start when boosting curb appeal is the exterior of your house.

Paint. Paint is the best way to make your home appear newer. While you can paint your home yourself, if it’s large or more than one story, consider hiring a professional. Painting has a 55 percent return on investment.1

Maintain your siding. Over time, weather and the elements can make your home’s siding appear dull and dirty. Use a pressure washer to clean stains, spider webs and accumulated dirt and grime, or use a soft cloth and a household cleaner to get into those small nooks and spaces. Although the average life expectancy of siding ranges from 60 to 100 years, depending on the material, extreme weather may reduce this number. Replacing worn or damaged siding will boost curb appeal and may help your home sell for more.

Paint or replace garage doors. If your garage doors are in good condition, give them a new coat of paint. If they’re beginning to show their age, consider replacing them. Not only will new garage doors improve the look of your exterior, they’re also more energy efficient and better insulated than older models.

Maintain your fence. Replace rotted or worn posts and panels and freshen it up with a coat of paint. If you have a hedge that serves as your property’s border, keep it trimmed and in good shape.

2. Pay attention to the small details. The small details tie your home’s exterior together and help it stand out from others in the neighbourhood.

Paint front door, trim and shutters. This inexpensive improvement adds brightness to a home, whether you choose a bold colour, a neutral tone or classic white.

Install new door fixtures and be sure they match in style and finish and complement the style of your home.

 Update your house numbers. Make sure potential buyers and guests can find your home. If the numbers have faded or need an update, replace them. If choosing a metallic finish, make sure it matches the finish of your exterior light fixtures.

 3. Tend to your driveway and lawn. A well-designed and managed landscape may add up to 28 percent to the overall value of your home.2 Additionally, professionally done landscaping not only adds value, it may help your home sell faster as well.

Place a border along your driveway or walkway made of brick, stone, pavers or another hardscape element to add visual interest to a plain driveway.

Maintain your green space. If you have grass, a well-maintained, green lawn makes your home look inviting and picturesque. However, in many parts of the country, water conservation is becoming more important. Xeriscaped landscapes incorporate drought-tolerant, often native, vegetation with water-saving drip irrigation and mulch. Xeriscaping has a cost savings of 36 cents per square foot annually through reduced irrigation and maintenance costs.3 Additionally, these landscapes are virtually maintenance free, which makes it an attractive option for busy buyers.

Include trees and shrubs to create texture and add interest to your landscape. Planting a few types of trees and shrubs of varying heights, widths and flowering times boosts your home’s curb appeal year-round.

4. Make it feel inviting. It’s no secret that emotions play a role in a person’s decision to purchase a home. Stage the outside of your home to evoke warm feelings.

Stage your porch. If you have a front porch, make it feel more inviting by including seating, such as a chair or loveseat, an outdoor rug and a small table. If space is an issue, incorporate small decorative touches, such as a festive wreath or potted plant.

Hang flower boxes on your front porch railings and/or below your windows. If you don’t want to affix flower boxes to your home, purchase nice planters and containers and place them around your porch or on your front steps.

Choose flowers and plants that bloom at different times of the year for year-round appeal. For example, bulbs not only bloom all spring, they also multiply and come up every year. Perennials often flower for most of the year and will prevent you from having to replant them every year.

If you don’t have a green thumb, choose low maintenance plants and flowers. Flowers such as lavender, rosemary, and zinnias are a few low-maintenance and drought-tolerant options.

5. Boost Your Online “Curb Appeal.” For those interested in selling, it’s important to know the effect online curb appeal has on a home. The better impression your home gives online, the more likely buyers will want to see it in person. Here’s how to get your home ready for its listing debut.

Stage your home. Staging shows your home in its best light and helps potential buyers picture themselves living there.

Hire a professional to take photos. A photographer has the skills and equipment to shoot your home in the best light and make it look its best.

Include a short video tour of the home. Videos are becoming a popular way to give buyers a glimpse of the home before they step foot in it.

Before you start a home project, keep these four things in mind:

  1. Why are you renovating? In other words, is your intention to update your home and get it show-ready or do you want to sell it for more money? Don’t fall into the trap of undertaking major renovations that may not pay off when you sell. If your home is in good shape, a few inexpensive updates may be enough to make your home attractive to buyers.
  2. The style of the neighbourhood. Whenever you renovate your home, make sure the project fits with the style of the neighbourhood and rules of the homeowner association. For example, an HOA may limit the choice and number of trees you can plant on your property. Similarly, a tall hedge border may not fit in in a neighbourhood of low, picket fences.
  3. Permits. If you’re planning an extensive exterior renovation, you may need a permit from your municipality or other authority.
  4. Budget. A budget keeps your project’s costs and scope in check. Make a list of the improvements you’d like to make, set a realistic budget and stick to it. If you’d like advice on improvements you can make to boost your home’s curb appeal, give us a call.

Are you thinking of boosting your home’s curb appeal or renovating your home before you list? Do you want help making your home more appealing to potential buyers online and in-person? Give me a call and I’ll help you present your home in its best light. 778-922-7653

 

Sources: 1. Certified Staging Professionals

  1. Ottawa Citizen, July 17, 2015
  2. REALTOR.com

Buying a Home

Buying a home is both an exciting and scary venture. With the status of homeowner comes the costs of maintaining the property you are now tied to. If you are going to take on a lot of added responsibility it is your right to be selective when choosing a home. While your search may start out with enthusiasm, it can quickly grow tiresome as their are so many listings to browse.

Our question would be: why do all of the work when there is someone willing to help? The process goes a lot smoother with more that one set of eyes scouring the housing market for your perfect property. This is where our team truly shines, as we make it our duty to get our clients the keys to their ideal home! Simply tell us what you are looking for and we will go to work searching through our database of available homes. From there, we will give you a list  that most accurately match your requirements. With a list that is narrowed down to a handful of properties, your decision will be much more manageable.

Whether you are a first time buyer, or it has just been a few years since you’ve last bought a home, the process of buying a home can seem like a bit of a mystery.  I would be happy to sit down with you to walk you through the home buying process and the key milestones we will hit along the way.

home buying process infographic

 

Introducing my global network… LeadingRE

Did you know that while I’m a real estate professional here in our community, I’m also a part of a global network of leading independent brokerages with over 120,000 real estate professionals who are experts in their own communities?

That means that if you ever need to buy, sell or invest in real estate elsewhere in Canada, the US or around the world just ask me to make an introduction to one of these local experts.  My company has helped clients successfully buy or sell in 9 provinces (including Nunavut!), over a dozen states (including California, Arizona and Hawaii), and internationally in countries like Mexico, England, France and China.

As we like to say… “I’m Local. I’m Global.™ 

Leading Real Estate Companies of the World (LeadingRE) is the home of the world’s market-leading independent residential brokerages in over 50 countries, with over 500 firms and 120,000 associates producing over one million transactions valued at $321 billion annually. Our by-invitation-only network is based on the unparalleled performance and trusted relationships that result in exceptional client experiences.  Watch this short video for an introduction.

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Increasing Your Property’s Value

The most common question to a REALTOR® when looking through a home is, “what improvements can I make that will increase the value of my property?”

What is your time and effort worth? Too many times we meet people who are eager to do the work, but don’t consider the buyer’s perspective. Some people may pay more for some features that won’t matter to others. Consult a professional to determine if the improvements you choose will be worth your money and will give you a return. Make sure this number is worth your time.

Increasing Your Property’s Value

CURB APPEAL
This can range from buying a few flowering planters for around the front door to substantial landscaping work. A fresh coat of paint on the front door, and improved lighting can make a big difference for a relatively small expense.

PAINT
Interior and exterior. Use neutral or modern colours and unless you are a pro, avoid creative patterns. No murals.

FLOORING
Upgrading from carpet or lino to hardwood and tile makes an enormous difference. Focus on look rather than price, since many buyers cannot tell the difference.

KITCHEN
This is usually the focal point of the house. Open concepts and modern colours are key. Consider refinishing existing cabinets and just replacing the counter-top to save money.

BATHROOMS
Freeing up room in the bathroom makes a big difference. Pedestal sinks can work well for this. Also modern looking tile goes a long way.

FLOOR PLAN ALTERATION
People like to entertain and see their guests. When you enter an open concept home it also feels much larger. Furthermore, three small bedrooms may work better as one large master and a spare.

PROFESSIONAL BASEMENT DEVELOPMENT
Please only use a builders, contractors or other professionals. Poor workmanship will be adjusted for at the time of the sale. You can do some work yourself, but leave the finishing to the pros.

The Local Housing Market

Whether you are buying or selling real estate, it is important to know the state of the local housing market. This way, each side knows where the advantages lie. For sellers, the market is at its best when there are fewer homes up for grabs. Less competition makes for an easier time getting your property viewed by the right individuals. On the flip-side, buyers will find top deals when there is a saturation of listings. When sellers are competing for your business, you end up the winner!

The housing market can give us a list of relevant information, such as: the number of homes for sale, the average selling price for real estate in the area, and the amount of homes sold during a specific period of time. With this data, both buyers and sellers can formulate a strategy on when to make a move. Perhaps more homes are sold during the summer. Maybe the average cost is lowest at the beginning of the year. Whatever the housing market shows, it is important to take the information into consideration.

If you would like some current statistics on the housing market in your neighbourhood, please contact me or sign up to receive my monthly email newsletter.