Dec 16

Top Ways to Add Value to Your Home

Buying a house is an opportunity to put down roots and start a new life in your preferred area. However, maybe the place you bought isn’t a forever home, more of a right-now solution. If that’s the case, you might have a plan to sell in a few years once you are ready to move on to the next chapter. Looking around, there are likely a few upgrades you can do to keep your property appealing before you put up the ‘for sale’ sign in the front yard. 

When considering how to add value to your home, looking at all aspects of interior and exterior features can help give you ideas about what to do. Let’s look at some of these options together!

Improvements that You Can Tackle in an Afternoon

There are several different approaches you can take to tackle your home’s curb appeal, not to mention its interior wow factor. These include the following quick and easy upgrades, among others:

Break out the Brush

A fresh coat of paint can do wonders for any room. When deciding on a colour, try a few different swatches before settling on the right shade. Then, take the time to see how the colour looks at varying hours of the day, including when the room is flooded with light and at night when it is lit by interior lighting. Neutrals tend to work with any decor, but you can still have fun with undertones like blue or yellow to bring out your own unique style. To make a space look more modern and sleek, paint one wall in an all-white room in an accent colour. Dark grey tends to be one of the most popular choices.

Declutter and Add Storage

Let’s face it: there are likely a few corners in your home that are “catch-alls” for anything and everything, like the dog’s leash, your keys, and that T-shirt you’ve been looking for. Start by sorting out any items that belong in other rooms, and then assess what’s left. Could this space be organized with more hangers, a shelving unit, or a decorative bin? Simple but effective, these solutions help showcase your home as a clean space where everything has its place.

The Importance of Lighting

Light adds warmth, depth, and interest to a room in a seamless way. This is especially helpful in a room that doesn’t get much natural light from the sun. Consider adding a few kinds of lamps of different sizes with warm-toned light bulbs. Updating ceiling lights can also change the look of a room dramatically. Finally, dimmers and timed plugs can be helpful when you are trying to improve the atmosphere of a room with lighting. 

Renovations with the Best ROI

Want to make some bigger changes with a more significant impact? Here are a few suggestions: 

Turn Your Attention to the Kitchen

When you think of how to add value to your home, renovations likely spring to mind. Your kitchen is one of the best places to put your money. Whether you plan to take down a wall or are doing a do-it-yourself backsplash along with a cabinet hardware update, such changes can make all the difference in this space. Before jumping onto trends that might leave this room dated, consider classic designs focused on function and style. Choosing energy-efficient and stainless steel appliances is a must, as they create a simple backdrop that can complement all kinds of countertops and cabinet colours. 

Put Some Work into the Bathroom

Bathrooms are another type of room that significantly impacts your home’s value. There’s nothing like the appeal of spa-like features or added luxuries like in-floor heating. Updating the vanity and shower or tub can drastically change this room. Ensure that you pick tile, paint, and fixtures that go well together with all kinds of decor styles. If your home has an ensuite or if you plan to build one, consider a tub and shower to create a full four-piece bath. A powder room on the main floor can be a real standout with fun wallpaper and stylish features that help the space feel less cramped. 

Exterior Upgrades for Every Yard

Now, what about the great outdoors? Here are some ways to create a green and welcoming personal oasis:

Encompass Space with Fencing

A yard is a big pull for people with kids, dogs, or simply those who enjoy spending time outdoors. Whether you have a large property or are working with a smaller-scale patio, a fence can help define spaces and create contrast amongst the greenery. A perimeter fence that mixes materials like PVC and wood can create a dynamic look with optimal privacy. An iron fence can help define smaller spaces with a sophisticated look without eliminating your view.

Plant and Seed for Prime Landscaping

A beautiful first impression lends immeasurable curb appeal to any home. From a landscaping perspective, a well-manicured lawn, flowers, and plenty of shady trees can really make a difference. Try adding a few perennials, as they will return every year and bring forth blooms that are hard to beat. Trees can take a few years to mature but are a great way to add height and shade to a mainly sunny space. Seeding your lawn is a simple task that can help the grass grow lush and full. 

Replace External Doors

Dated doors can cause sealing problems, not to mention ruin the curb appeal you have worked so hard to curate at the front of your home. A brand-new entrance can be just the ticket to enhancing the work you have already done. The same can be said for your garage doors. With many styles available, you can choose to have them match or contrast. You may also wish to update the technical capabilities at some or all doors with smart video doorbells, LED lighting, or a garage door opener app. 

Install a Water Feature

Enhancing your garden with a water feature can be a transformative addition. Consider installing a fountain or a small pond to introduce the soothing sound of water, creating a peaceful atmosphere that contributes to a sense of tranquillity. This feature not only appeals to your own enjoyment of outdoor spaces but can be particularly enticing for potential buyers seeking a serene and sophisticated environment. Choose designs that complement your landscaping and architecture, turning your garden into a visual and auditory retreat.

Install Outdoor Lighting

Thoughtfully placed outdoor lighting is a practical and aesthetic upgrade for your home. Illuminate your outdoor space with a combination of pathway lights, spotlights, and garden lighting. These enhance safety by providing visibility and contribute to creating a warm and inviting atmosphere during the evening. Potential buyers often appreciate a well-lit exterior as it showcases the beauty of the landscaping and extends the usability of outdoor spaces into the night. Consider energy-efficient LED options for a sustainable touch.

Smart Home Upgrades

Technology is an excellent way to bring some sophistication into your home. Try the following upgrades:

Integrate Smart Home Technology

Elevate your home’s functionality and appeal by integrating smart home technology. Try gadgets like smart thermostats for enhanced energy efficiency, lighting systems that allow for customized ambiance, and security devices like smart cameras and door locks. A fully integrated smart home not only caters to the tech-savvy lifestyle but also positions your property as a forward-thinking and sophisticated choice for potential buyers.

Energy-Efficient Improvements

Incorporating energy-efficient upgrades is not only a smart investment for your utility bills but also a major selling point for eco-conscious buyers. Consider installing solar panels to harness clean energy, energy-efficient windows that contribute to insulation, and a programmable thermostat that allows for efficient temperature control. This not only reduces your environmental footprint but also adds a layer of sustainability that appeals to those looking for homes with a commitment to energy conservation.

Unique Features for Added Value

Standout features, especially those that are popular and trendy, can help enhance your home’s value. Here are some ideas:

Create a Home Office or Study

The current trend of remote work makes a dedicated home office or study space highly desirable. Transform an underutilized room into a functional workspace by adding proper lighting, comfortable furniture, and organized storage. This addition not only caters to the practical needs of remote work but also positions your home as adaptable to the evolving nature of work, appealing to a wide range of potential buyers.

Install a Home Gym

A home gym is a valuable addition, appealing to fitness enthusiasts and health-conscious buyers. Convert a spare room or a section of your basement into a well-equipped fitness space. Consider installing rubber flooring for comfort, mirrors for motivation, and a variety of exercise equipment. This feature not only adds convenience to your own lifestyle but also positions your home as a holistic haven for well-being, attracting buyers who prioritize health and fitness.

Regular Maintenance and Upkeep

There are various ways you can keep your home in good shape to preserve its value:

Keep Up with Regular Maintenance

Preserving the value of your home requires consistent and timely maintenance. Addressing minor repairs promptly, such as fixing leaky faucets, repairing cracks in the walls, and maintaining the HVAC system, is essential. A well-cared-for home reflects attention to detail and communicates to potential buyers that the property has been responsibly maintained, reducing the likelihood of significant issues.

Enhance Security Features

Investing in security upgrades is critical to home maintenance. A monitored alarm system, surveillance cameras, and secure door and window locks not only provide peace of mind for current residents but also make your home more attractive to potential buyers concerned about safety. Highlighting these security features can be a key selling point, emphasizing the importance of a secure and protected living environment.

Expanding Your Home’s Charm and Functionality

Little changes can make a big difference when it comes to transforming your home and adding both charm and value. 

Create a Versatile Loft Space

Transforming your attic or loft into a versatile space is a creative way to add functionality and character to your home. Whether it becomes a home office, a guest bedroom, or a hobby room, a well-designed loft appeals to buyers seeking adaptable living spaces. Consider installing skylights for natural light, and ensure the space is adequately insulated and ventilated for year-round comfort.

Upgrade Windows and Doors

Upgrading your windows and doors is a practical investment that enhances both energy efficiency and aesthetic appeal. Double-glazed windows not only improve insulation but also contribute to reducing outside noise. Choosing stylish and secure front and patio doors adds a touch of elegance to your home’s exterior. Highlighting these upgrades can make your property stand out in terms of comfort, aesthetics, and security.

Convert Unused Spaces

Maximize your home’s potential by converting unused spaces. Evaluate areas such as under stairs and repurpose them into functional spaces. A home office nook, a reading corner, or a storage alcove can add both value and practicality. Ensure that the design complements the overall aesthetic of your home, creating seamless transitions between different functional zones.

Incorporating these thoughtful enhancements into your home not only caters to your current lifestyle but also positions your property as a desirable and valuable investment in the Ottawa real estate market. Tailor these upgrades to match the unique characteristics of your home, creating a harmonious and appealing living space for potential buyers.

Staging and Depersonalization

When preparing your home for sale, staging is crucial in enhancing its appeal to potential buyers. Beyond mere aesthetics, effective staging involves strategic decisions that can influence a buyer’s perception of your home and property.

Declutter for Space and Simplicity

Start by decluttering to create a sense of space and cleanliness. Removing items like family photos and knick-knacks prevents distractions, allowing buyers to envision themselves in the space. Clearing out excess furniture can make rooms appear larger and more inviting.

Depersonalize to Broaden Appeal

Depersonalizing your home involves neutralizing its decor to appeal to various tastes. Choosing neutral colours for the walls and furniture will create a blank canvas that allows potential buyers to visualize their own belongings in the space. This neutral backdrop can help highlight the home’s architectural features and potential.

Strategic Furniture Arrangement

Arrange your furniture in a way that defines the purpose of each space. Ensure pathways are clear to showcase the usability of the home and enhance its overall appeal and liveability. By investing time and effort into staging and depersonalization, you can create a welcoming environment that resonates with potential buyers, increasing the likelihood of a quick and successful sale.

Professional Photography and Marketing

The first impression of your home is often made online. So, investing in professional photography and crafting a compelling online listing can significantly elevate your property’s appeal and attract potential buyers.

Showcase Your Home’s Best Features

Professional photographers excel at capturing the essence of your home, highlighting its unique selling points, such as architectural details, natural light, and spacious interiors. High-quality images are crucial in creating a positive initial impression and generating interest among prospective buyers.

Craft an Engaging Online Listing

A well-crafted online listing complements stunning visuals with compelling descriptions. Highlight key features such as renovated kitchens, updated bathrooms, or expansive outdoor spaces. Emphasize the benefits of the neighbourhood, proximity to amenities, and any recent upgrades to pique interest and differentiate your property from others on the market. Your real estate agent can be invaluable in this area.

Utilize Digital Platforms Effectively

Utilize real estate websites and social media platforms to maximize exposure. Engaging content, including virtual tours and interactive floor plans, can further immerse potential buyers in the property’s ambiance and layout, increasing their desire to schedule a viewing. When considering a real estate agent, look at their social media presence and how effective they are at using digital platforms for current listing. They can often attract motivated buyers who are eager to see more.

Timing Your Sale

Time is of the essence to maximize your home’s value and minimize its time on the market. Understanding market trends and the concept of a real estate market’s “hot season” can empower you to strategically plan the sale of your home. Partnering with a knowledgeable real estate agent can provide valuable insights into local market dynamics and help you devise a tailored selling strategy. They can offer guidance on optimal timing based on current market conditions and your personal goals, ensuring that you make informed decisions about when to list your home.

Navigating the Real Estate Market’s Dynamics

Real estate markets experience fluctuations throughout the year, influenced by factors such as seasonal demand, economic conditions, and local market trends. The “hot season” typically aligns with spring and early summer when buyers are more active due to favourable weather conditions. Also, families often prefer to move before the start of a new school year.

Strategize Around Peak Demand

High season and low season both have their perks. Selling during the “hot season” can lead to increased competition among buyers, potentially resulting in multiple offers and higher sale prices. However, off-peak seasons can also present unique opportunities, such as attracting serious buyers who are ready to purchase before holidays or during quieter periods. Every home has different opportunities and challenges, so it’s essential to evaluate the best timing based on your specific situation.

Consult with a Professional

With access to numerous social media accounts, online videos, and TV shows focused on updating and refreshing your house, deciding how to add value to your home can be slightly overwhelming. Don’t hesitate to contact a professional, like a realtor or designer, with questions on where to start. They can help steer you from options that might not have a great payoff. Since home shows and YouTube videos aren’t necessarily qualifiers for do-it-yourself expertise, you may also want to consult with a contractor on any larger-scale projects.

At Chris Allard, we see first-hand the difference that adding value to your property can make. Home buyers are always searching for move-in-ready properties that they can see themselves in and require minimal work. As mortgage brokers, we can provide future homeowners with the knowledge and tools needed to make well-informed purchase decisions. You wouldn’t tackle taking down a wall in your home without help from a professional, and we believe you don’t have to secure a mortgage alone, either. Contact us today to learn more about our services!

Chris Allard

Chris Allard’s experience in the field means he can get you offers with over 50 financial institutions lending in Ottawa. Every lender has many mortgage products they offer, which means Chris and his team will make sure a mortgage caters to your needs while also ensuring you get a competitive rate. Chris Allard is a proud mortgage broker of Smart Debt Mortgages, independently owned and operated. Smart Debt broker #12236.