basement

4 Budget-Friendly Ways You Can Increase Your Home’s Value

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If you are selling your Toronto home, you want to receive the best deal possible. You want it to make an instant impression and stand out in the real estate market. However, the real estate market in Toronto is not as hot as it was years ago so you want to find ways to increase your home’s value without hurting your budget. Luckily, this is easy to do. Let’s talk about several ways you can increase your home’s value without hurting your bank account.

1. Finish Your Basement

If you have an unfinished basement, hiring a contractor to complete this area of your home should be at the top of your list. This will not only improve your home’s value but it is more appealing to potential buyers. It gives them more space, rooms, a bathroom, etc. You don’t have to opt for luxury upgrades either to see the benefits of finishing this space. You can easily work with contractors to finish this project within a realistic budget. 

2. Create an Outdoor Living Space

Many homeowners are looking for usable outdoor space. They want a place where they can gather with friends and family, relax, and more. Creating this outdoor space is not only appealing for potential buyers but it also improves the curb appeal of your home as well. You can easily create this space by completing basic landscaping tasks such as mowing the lawn, planting fresh flowers, trimming trees, etc. If you need to implement some shade, you don’t need to build an expensive pergola or covered patio. You can use large umbrellas or shade sails to add the protection and colour to your yard as well.

3. Update Your Kitchen

A complete kitchen remodel can cost you thousands of dollars. In fact, a full renovation can cost you more than $20,000 and more than $30,000 if you choose luxury materials and appliances. Luckily, there are several things you can do in this room that will increase your home’s value and will cut down the costs. A few ideas include: 

  • Refinish and painting the cabinets

  • A fresh coat of paint on the walls

  • Install new hardware on cabinets

  • Replace old light fixtures

4. Focus on Home Security

Buyers are not only looking for a house that is convenient and beautiful, but secure as well. Improving the security of your home can be extremely simple. For example, you may update and improve the exterior lighting throughout your home. This could be as simple as replacing old light fixtures or installing a few additional motion sensors. You may also install new locks throughout your home. If you want to take your security a step farther, consider smart locks and camera doorbells as well. These are fairly inexpensive smart home devices that are perks for many buyers, particularly younger buyers. 

You don’t have to drain your savings to update your home and increase its value. By completing a few of the above projects, you and potential buyers will notice the difference. 

Get in touch to learn more.