How do you increase the value of your property? Most real estate experts agree the best way to do this is to renovate and upgrade the home. Typically the kitchen and bathrooms top the list for requiring priority attention. Though kitchen & bathrooms renovations also tend to be the most costly.
So in deciding where to begin one needs to determine where one can leverage the most dollar value congruent with their goals. Also, what upgrades can one afford. Perhaps you have an older home that requires attention in certain areas, whether or not you are selling. Or indeed it has come time for you to sell and the home needs to become more attractive to buyers. But what if you are on a tight budget?
If kitchen and bathroom renovations are too costly the next consideration is the floors and walls, which carry throughout the home and inspires an impression. It’s useful to research what the trends are for flooring and wall finishes, and what solutions are workable in your budget to achieve a maximum lasting impression. Though maybe solutions are even more subtler than that? Which brings us to a client’s true story….
When their family settled in Calgary, being recent Russian immigrants they hardly knew any english and there was not a lot of money. After a time they were needing to sell their home so they set out to beautify it. Their main choice of focus was the backyard. They gathered large river rocks and set out to make a type of ‘serenity garden.’ The very first buyers that came to the home just happened upon the yard first. Upon viewing the yard and revelling this serenity garden, the lady of the buying couple said ‘I don’t even want to see the inside. I want this home.’ And it was sold. This is a totally true story.
Obviously we can’t always rely on serendipity to sell a home. But one can find very creative solutions to create an impression, thus increasing the value. So perhaps a budget savvy solution requires different questions? Such as, what would make me want to buy my home? How can I make my home reflect that it’s loved and cared for? What could really make this home more pleasing to the eye? Where can I make my home reflect more light & clean lines?
It could be that when your goal is to increase the value of your home on a budget, your maximum investment lies in choosing a focus, and invoking what you genuinely want your home to say about what it has meant to you.