To update on how our Reno is going we are kind of at a standstill due to the weather. The windows still haven’t been installed, so hence the trim but on a positive note our fireplace is complete and looks great. Thank you to Sam and his colleagues, from AM Group Studio Inc. (www.amgroupstudio.com)for installing a beautiful stone fireplace in our family room. The before, wish we took a picture, had black marble surround and only made it look very dark. With the addition of the stone surround the fireplace looks ready to ignite. They also installed beautiful crown molding on the main floor but we decided to install the crown on the upper floor as well. Just a note be prepared to add about 10% more on your budget because as you go along there are things that you will most definitely add on to the renovation. With the addition of the upper floor crown molding we decided not replace the railing right now. We are truly trying to stay within our budget. Here is a pic of the fireplace. More to come!
Prepping your home for market is not an easy task. You want to make sure it’s in nice enough condition to catch the buyer’s eye, but you don’t want to spend any more money than need be, especially on projects that won’t improve your home’s appeal. And while it’s always a good idea to have your realtor do a walk-through of your home so you can get a better idea of where you should prioritize your home improvement dollars, there are four areas that every buyer notices. Thankfully, we’ve got solutions that will satisfy any budget.
If there’s one room in your house that can make or break the sale, it’s your kitchen. The key is to make it appealing enough that potential buyers can picture themselves cooking in it without having to make a ton of upgrades immediately upon moving in. If you don’t have the budget to make major improvements, a fresh coat of paint and new cabinet hardware can make a huge impact. Have older cabinets but don’t have the budget to replace them? Refacing them is a cost-effective way to get the new-cabinet look without the new-cabinet budget. Last but not least, if you have the budget, a wholesale remodel could be the right call if your kitchen is far below the standard expected from homes being sold in your price range.
While kitchens can wow, bathrooms are just as important. The rest of your home might be stunning, but dated and dull bathrooms could send potential buyers straight for the door. Thankfully, there are a few things you can do to spruce up your look. If your bathroom is in good shape but could use a few modest updates, installing a new mirror and updating the light fixtures is an easy and affordable way to modernize the room. Need to update the space but don’t have the budget for major changes? Installing a new sink and faucet, plus a high efficiency toilet are upgrades that make an impact without putting a serious dent in your wallet.
Flooring is the kind of thing that you only notice when it’s really, really amazing, or really, really ugly. And when it comes to selling a home, it’s a feature that every buyer scrutinizes. Here’s what you can do to make your flooring a feature that sells. Want a quick and inexpensive way to add new life to your floors? Hire a pro and have them professionally cleaned. Hardwood floors lost their luster? Refinishing them will have them looking like new for a fraction of the cost of replacing them. That being said, if you really want to make an impact, installing new hardwood flooring is an investment that’s sure to impress.
Heat and Cooling
Last but not least, if your HVAC system is older than 15 years and requires frequent maintenance, it’s probably time to upgrade your system. While the initial costs might be higher, installing a new, high-efficiency system is an upgrade that could be the difference between selling your home and watching it linger on the market.
I hope that everyone had a wonderful holiday season and are looking forward to a healthy and prosperous new year. I wanted to tackle a question that I think everyone, including myself, has pondered. Do we renovate or move?
There are many pros and cons to either decision but they all should be considered. Some pros to renovating are:
- The end result is a product that you helped create and is something that you wanted.
- There is no hassle of physically moving and unpacking to another location.
- No realtor or lawyer fees involved.
Some of the cons can be:
- Living through a major renovation can be taxing on the entire family and not to mention messy.
- Depending on the renovation you may not get your money back if or when you do eventually sell your house.
Pros to moving are:
- You look for and get the house that you want with features that your current house does not have and unable to do with any reno.
- You get a house in the location you want.
- Get new neighbours if your current ones are causing you problems.
Cons to moving are:
- High cost of fees i.e. realtor and lawyer fees.
- Hassle of packing and moving all your belongings to a new location.
- Even with a home inspection, you never know what problems may arise.
Just recently my family had to make that decision and because we loved the neighbourhood and our neighbours, our children were very settled into their schools and we overall liked our house we decided to renovate. We started the renovations at the beginning of December and so far the project is on schedule with no surprises. We are currently living in our basement and managing quite well. We knew going into this project what it entailed so we have adapted. It will be so worth the wait. Stay tuned for updates and pictures of the reno.
Henry Tillo - Real Estate Sales Representative - Century 21 Heritage Group Ltd., Newmarket, Ontario