When you purchase a condo, an important aspect to consider is the resale price, especially if you’re a first-time buyer. The neighbourhood will add value to your home, but not as much as it would if you invested in some upgrades. Not all upgrades are worth it, some will cost you more money long-term. However, there are still several renovations you can make to ensure that your home is top-value!
One of the most unappealing aspects of a condo is an out-of-date bathroom. The bathroom and kitchen are the 2 rooms with the highest return on investment, so you have to ensure that these look the most appealing. Including neutral colours and make sure the room Is uncluttered. Renovate the room so that there’s prime lighting. Replace old faucets, purchase a rainfall shower head and change the cabinet hardware. Enhance the feel of your washroom by including a standalone bathtub next to the shower, if there’s enough room in your condo.
Having hardwood floors is a key selling point for your condo. Hardwood floors will make you more money and your condo will sell much faster! This is one upgrade that you can’t go wrong with. Get rid of your carpeted floors and your home will definitely go up in value. The most appealing colour choices are typically oak, maple, ash and cherry. Softer stains are more appealing to buyers.
A kitchen is one of the most important rooms to renovate. You might be spending a lot on these upgrades, but you’ll end up getting more money in return. Some ways you can upgrade your kitchen include painting the cabinets, fixing the backsplash, installing new light fixtures, replacing the faucet and sink and purchasing modern appliances. Invest in stainless steel – this is a common favourite.
Find ways to add more storage space! One disadvantage to having a small condo is the lack of storage space, but if you provide solutions to this problem then the condo will look more desirable to potential buyers. Every inch of extra storage counts! Expand your closet space, invest in drawers and kitchen cabinets. By doing this, buyers will envision their home being cleaner, more organized and less susceptible to excessive clutter.
Re-do the Walls and Ceilings
Cracked walls are likely to turn off a potential buyer, so spend the time fixing all small details because these are the little details that will make a big difference to the value of your home. Re-paint the walls so they’re neutral and modern instead of outdated.
Are you interested in purchasing a new condo in a flourishing community? If so, then contact Vondos today for exclusive access to the hottest condos in Vaughan!