In Toronto, attracting qualified buyers for your home sale requires thoughtful preparation. In addition to working with a local Realtor®, one of the best steps you can take to make your home stand out in a competitive market is to make strategic upgrades to the property.
You’ve lived in your home for years, and while it may be lovingly maintained by you and your family, there are always adjustments you can make to improve its market performance when it comes time to sell.
As a leading real estate team, we see each home as unique and cater our suggestions based on the individual factors of each property. This blog covers a few common improvements sellers can make to maximize their home sale, however, it’s not a complete list. If you find this list helpful, keep checking back for more tips in the future.
Whether you’re selling as a downsizer or are looking to move to a larger or similar home, we can help! We’ve got years of experience selling in Toronto and can guide you through a smooth and profitable sale. Call or text us.
Replacing Windows & Doors
One of the easiest ways to make your home stand out from the competition is by replacing your old windows and doors.
Not only will new windows help your property appear modern, but they can also prevent heat loss, making the home more energy-efficient. In Toronto, where winters can get very cold, this is a highly appealing feature in the eyes of prospective buyers.
The same goes for the main exterior doors of your home. If you’ve never replaced your home’s doors, there’s a good chance that they will show some wear and tear. A simple replacement can go a long way in making your home look better and cutting back on heating costs.
Depending on your property, replacing the windows or door can add up to a substantial price tag. That being said, it’s an investment that can pay dividends upon the sale of your home.
Your home is one of the largest investments you manage in your lifetime. If you want to find success in the GTA housing market, check out these blog posts first for helpful insights.
Adding a Home Office
Since the COVID-19 pandemic, we’ve seen a higher volume of buyers who are looking for homes that fit a full-time remote or hybrid working lifestyle. One major home feature that caters to these buyers is home offices. Especially in neutral market conditions when buyers have a greater selection of properties to choose from, bonus features like a home office can make the difference between prospective buyers purchasing your home over something similar in your area.
Home offices are unique in that they don’t usually need to be built from the ground up. In a lot of cases, sellers already have an existing space in their house, such as a spare bedroom, den, or walk-in closet that can be strategically converted into an office. Depending on the layout of your home, creating a home office could simply involve sourcing the appropriate furniture and decor for the space. Smaller tasks such as installing a shelf or wall-mounted folding desk may also be required.
Believe it or not, it’s possible to over-modify your home in hopes of a better sale. While it’s important to make your home appeal to a wide range of prospective buyers, neutralizing it more than you need to can take all of the charm and homeliness out of your property. Want to know more? Click here to read our thoughts on ‘Fake Estate’ and how to avoid over-staging.
Upgrades to Outdoor Spaces
Another high-value enhancement gaining popularity among both sellers and homeowners in the past few years is outdoor upgrades. Like home offices, this trend was also influenced by the COVID-19 pandemic. Since facing long periods of lockdown and limited outdoor socialization, personal outdoor living spaces in the city have become a hot commodity.
For a larger scale example, constructing a deck or patio are projects that offer a high return on investment if done properly. Once again, any major renovations you choose to undertake should be performed by a professional. If you’re unsure where to source a quality local contractor, talk to your Realtor®. If they’re experienced in the industry they’ll have a strong list of trusted professionals to recommend.
Improving Curb Appeal
In addition to living spaces like yards or patios, simple upgrades to your home’s curb appeal can also assist you in securing a more successful home sale. Even small measures such as hiring professional landscapers to manicure your lawn, garden, trees, and foliage can go a long way in increasing purchaser appeal. In some cases, we may recommend a fresh coat of exterior paint to revitalize your home’s facade.
Getting ready to sell your Toronto home? We can help you prepare your home for a successful sale. Give us a call.