Did you know that the average cost of a home in Canada is $686,000?
Buying a home makes a lot of sense because your house payments benefit your finances rather than a landlord's. You get to enjoy having a roof over your head and also a source of equity that you can tap into when needed.
Whether you're planning to sell your home soon or not, it's important to increase its value over time. Here are the top 5 ways you can increase home value.
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1. Doing Kitchen and Bathroom Renovation Projects
Renovating your kitchen and bathroom is an excellent way to increase your home's value. Potential home buyers are always looking for homes with updated kitchens and bathrooms. You don't need to do a full gut renovation, but you can consider a few key updates.
This could include painting the cabinets, updating the fixtures, and replacing the countertops. For your bathroom, consider replacing the tiles or adding a new bathtub or shower. A fresh, modern look can make a significant impact and increase the value of your home.
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2. Doing a Home Painting Project
A home painting project is another simple yet effective way to increase your home's value. Painting the exterior or interior of your home can give it a revitalized look. This will wow any potential buyers.
Neutral colours like gray, beige, or white are popular and can make your home feel spacious and modern.
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3. Exploring Accessories for Kitchens
Adding accessories to your kitchen is an affordable trick that can boost your home's value. Consider adding a new backsplash or updating the lighting fixtures. You can also add new hardware to your cabinets or install a new sink.
These small updates can make a big difference in how your kitchen looks and feels. You'll be surprised by how these little details will transform the entire space.
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4. Hiring a Plumber
Hiring a plumber to fix any plumbing issues in your home can increase its value. Most home buyers prefer homes that are well-maintained and don't have any major issues.
Hiring a plumber to fix a leaky faucet, replace a toilet, or install a new showerhead can make your home more appealing to potential buyers. They'll feel much more confident putting in an offer.
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5. Adding Curb Appeal
Adding curb appeal to your home is an excellent way to increase its value. The exterior of your home is the feature that will form people's first impressions.
Consider adding a new mailbox, planting some flowers, or adding a new front door. These homebuyers will feel happy imagining themselves pulling into the driveway of their new home.
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These Are Some of the Most Brilliant Ways to Increase Home Value
Figuring out how to increase home value doesn't have to be expensive or complicated. Simple updates can make a huge impact with proper planning. By following these tips, you can get a higher return on your investment when you're ready to sell.
Are you excited to plan your bathroom or kitchen renovation? Schedule a consultation with Plumbing Centre so we can give your home a stunning makeover.