Posted 8.12.12 @ 11:10
Everyone wants to bring up the appraised value of their Oakville real estate, but how do you do it? The global real estate market has been grinding to a halt, so it’s important to remember that while Canada is doing great now, it’s important to get as much as you can for your asset while the market is hot. Low interest rates in Canada are forecasted to last through 2014, so you have some time to make your house appeal to all kinds of buyers! Let’s take a quick look at what you shouldn’t do, and then look at a few things you can do.
How to Lose Value in Your Home
If you want to lose money by upgrading your home, look no further than hot tubs and pools. While these might sound like a great idea to increase the value of your Oakville luxury homes for sale, it’s not. With many young families and Baby Boomers buying homes right now they’re going to shy away from your property when calculating the cost of maintenance, safety cost and other issues. Flooring is also a problem, since installing new flooring may help you sell your home, but you may not be able to recoup the cost of installation. If you have old floors, it may be an inescapable upgrade that you have to make.
Bright and Airy
If you want to sell your home, you’re going to want to go modern, which means letting in a lot of light! People love rooms that are bright and white; it’s not just the beauty factor, it’s also about energy savings. Bright rooms lower energy bills in darker winters, and it’s easy to use light tight window treatments to keep homes cool and dark in the warmer summer months. Mirrors can be a great way to bounce light around, and you can use light to change a smaller room into a more spacious one.
The best way to sell your Oakville real estate is by having a home that is efficient and smart with its energy usage. This could be by installing radiant heating systems in your flooring, or you could switch to modern electric heating systems that save on power. Windows, doors and roofs are an important part of the puzzle, so you’ll want to make sure that those are covered as well. If you haven’t upgraded in the last 15 years, it could be a sticking point for buyers who want to buy your home.
Take a Close Look at Your Kitchen and Bathroom
When selling your Oakville real estate you’re going to want to take a close look at both your kitchen and bathroom. These two rooms can be the costliest to renovate, but they’re the ones that you’ll get the return on investment. If your bathroom or kitchen (or both) are out dated, start researching what you can do to bring them up to current standards. It’s often the little touches that make your home stand out and help you get sold!