Have you been considering updating your home before selling in London, Ontario, and wondering whether it is worth it?
Some updates to your London, Ontario home make sense or should I say dollars? Are you worried about spending wisely, getting your money back, and more?
The most important question to ask yourself is:” How long am I going to stay here?”
If you plan to stay awhile, remodelling for your comfort and long-term enjoyment is very different from modernizing to make your home look better for sale. Some remodelling projects take much longer to deliver a good return on your investment.
Updating the kitchen and bathrooms or installing a new roof is always valuable. Excellent choices, such as flooring or paint, are remodelling projects that return almost 100 percent of their cost in value to your home.
The average return within one year of the remodel varies by project size. Major kitchen remodelling averages 71 percent, a family room addition 77 percent, a master bedroom and ensuite 83 percent, and windows 68 percent.
It is important to remember that you may sell your home someday, so make wise decisions when updating it. You may want to weigh the up-front cost of the project against its usefulness and added value to your home.
If you are considering selling or buying a home in London, Ontario, there are pros and cons to consider regarding renovations and the best return on your dollar. Another huge consideration is the timing, not only yours but also lining up materials and contractors and allowing for Murphy’s Law.
Time and again, when I show or list homes, some or all of these tips would have dramatically accelerated the sale and allowed the seller to receive more money.
Over the years of working with hundreds of home sellers and buyers, the little things a buyer sees may be the stumbling block in making an offer on your home. You have only one chance to make an excellent first impression on homebuyers!
I have personally gone through major renovations on my place, and I learned an alot! I thought I was aware of all the pitfalls and misconceptions tradespeople face, but I was not.
If you are updating to sell your home, allow me to save you some time and money!
Comments:
Post Your Comment: