Renovation decisions before you sell your home W e get asked these two questions by our clients on a regular basis, “Will this renovation help with the resale?” by Dan Monk
Landscaping “Curb appeal” has always been very critical to the resale of homes. So, spend som e time and money on trimming or removing overgrown trees or shrubs that may be crowding the house or blocking views. Use mulch and/or stone to create accents, make sure the walkways and steps to the home are safe and inviting. If there is anything broken, like a doorbell or doorknob, have it fixed. A clean, well kept yard provides the potential buyers the expectation of a well- maintained home, which will help get it off the market quicker.
Painting A little paint can go a long way. Interior and exterior painting are likely the most cost-effective improvements you can make to your home, which have an instant impact. You can quickly neutralize personalized colours; using earth tones is a great idea. Remember, a new buyer is not looking to be shocked and your personality may not match theirs, so keep it simple. It sounds strange, but fresh paint makes purchasers think “clean and new” which is a good thing. Flooring Many homes have various types of flooring and they often need updating. If you have wood floors that look tired and worn, I recommend having them refinished; if you have any tile that is damaged, this is the time to repair or replace; if you have tired and worn carpet in rooms or stairs, it is economical to have carpet replaced with a neutral colour.
and “Will I get a return on my renovation investment?” So, I wanted to discuss this topic in regard to the best renovations a homeowner can make to increase resale value of their home or simply help them sell their home quicker. Wise investments on pre-sale renovations can maximize the resale value and make your home more attractive to potent purchasers so it spends less time on the market. However, you must be careful not to overspend on your renovation, otherwise you may not be able to recover your investment. The following are renovation investments that offer some of the highest return when selling your home:
HALIFAX’S TRUSTED PROFESSIONALS for KITCHEN, BATHROOM and BASEMENT RENOVATIONS
Bathrooms A bathroom is one of the highest traffic areas of a home and they wear out and become unattractive faster than just about any room in your house. It does not have to be a big bathroom, but for resale it must be clean and functional. Most home buyers will appreciate a renovated bathroom, as one significant project they do not have to tackle. If possible, add a second bath to your home, if it doesn’t already have one. Many busy families are looking for 2 complete bathrooms, so having a second bath adds value and helps to sell the home.
K I T C H E N • B AT H R O O M • B A S E M E N T • A D D I T I O N S E X T E R I O R S • D E C K S & A N Y T H I N G I N B E T W E E N !
2018 RENOVATOR OF THE YEAR 2017 MOST OUTSTANDING KITCHEN RENOVATION 2016 RENOVATOR OF THE YEAR 2016 MOST OUTSTANDING KITCHEN RENOVATION
2016 BRONZE WINNER! SMALL BUSINESS OF THE YEAR HALIFAX BUSINESS AWARDS
We would like to be your contractor of choice. Please call, email us: (902) 497-0011 info@monkreno.com www.monkreno.com
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NOVEMBER 2019 • SPOTLIGHT ON BUSINESS MAGAZINE
SPOTLIGHT ON BUSINESS MAGAZINE • NOVEMBER 2019
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