When preparing to sell your house, you’ll inevitably think about which areas need repairs or upgrades. Some of these fixes could be simple, such as a fresh coat of paint or replacing a burnt-out light bulb, while others might be more substantial, requiring professional help.
When done right, fixing up your house can come with some seriously impressive return on investment. However, not all projects will have the same profit potential.
As with any aspect of your home sale, it’s essential that you do not get carried away when making pre-listing upgrades. Beyond complicating and potentially delaying your sale, certain fixes could actually have a negative impact on your final results.
In this blog, we will explore the importance of choosing the right fixes when selling your home.
Looking to optimize your home’s market performance? Our strategic advisory services can help you achieve a smooth and lucrative sale. Call us at 416-722-4723 or reach us by email at evan@christensengroup.ca.
The Art of Preparing Your Home For Sale
Fast, top-dollar home sales are never guaranteed – especially in a balanced market. Regardless of how modern or well-maintained your home is, there will always be adjustments or upgrades that you can make to improve its market performance.
On top of basic steps such as cleaning and decluttering the home, larger projects such as making repairs and upgrading outdated features can be major value-adds. However, sellers should also understand that not all improvements garner the same benefits.
Explore these related blog posts for more guidance on selling a home in Toronto.
- Where to Start When Selling a House
- Strategic Pricing When Selling Your Home
- What Does Home Staging Cost?
Should I Renovate My Home Before Selling It?
Yes, certain renovations can significantly improve your home’s market value. However, only when they are planned and executed strategically.
Far too often, homeowners start making major changes to their property because they think it will add value. In reality, only the right renovations bring strong ROI. Further to that, some fixes can actually hurt your home’s marketability.
Ask an Expert
When selling your home, what renovations are worthwhile, and which ones should you skip? Every home is different. As a result, sellers cannot rely on a universal list of “must-make” upgrades or a single set of renovations to avoid. Instead, the best thing to do is seek expert advice tailored to your property and goals.
An experienced, high-performance real estate agent can evaluate your home and make informed recommendations about which renovations will provide the best ROI. They’ll also let you know which fixes won’t be worth it.
Further, a great agent can connect you with trustworthy local contractors when needed, ensuring projects are completed efficiently so you’re able to proceed with a smooth selling process.
What if My House is in Severe Disrepair?
Some homeowners might believe their property is in such poor condition that making any pre-listing improvements simply isn’t worthwhile. In reality, there are almost always certain actions or implementations that can improve a home’s market performance.
Right now, the Toronto real estate market is balanced, and buyers have a surplus of inventory to work with. As a result, there isn’t a high demand for fixer-upper or as-is homes. Therefore, sellers need to do what they can to ensure their home presents its best – this includes making repairs where needed.
Once again, it’s important to follow your real estate agent’s recommendations as you fix up your home. Your agent’s expertise lies in identifying the most likely buyer for your home, allowing them to advise you on how to best customize the property to appeal to that specific demographic.
The Benefits of a Pre-Listing Home Inspection
If you have serious concerns about the condition of your home, it is a good idea to have it professionally inspected. Allowing a licensed professional to analyze key aspects of the property, including the foundation, attic and roof, electrical wiring, plumbing system, and furnace, can help you identify any major issues you may not already know about.
With this information, you can make a more informed decision regarding how to prepare your home for the market.
Approaching a home sale? Discover more tips for selling a house in these related readings.
- What Do Home Inspectors Look For?
- Will I Pay Capital Gains Tax on My Home?
- 4 Surprising Factors That Influence Toronto Property Values
Sell Your Home With Christensen Group
Searching for a powerhouse real estate team to sell your home? Look no further than Christensen Real Estate Group. We’ve sold real estate in all types of market conditions across four decades. When you work with us, our unparalleled industry expertise becomes your advantage.
Leveraging our proven approach to market preparation, advertising, pricing, negotiations, and closing, we deliver results that exceed your expectations and provide peace of mind along the way.
Want to maximize your success as a home seller? We can help. Call us at 416-722-4723 or reach us by email at evan@christensengroup.ca.
