Adding value to your Kelowna Home
Posted by paige on April 21, 2010 | No Comments
We’ve all heard that kitchen and bath reno’s add the most to a home’s value, but what about other items’s that your real estate requires.
There are a few good rules of thumb to follow when doing a renovation or addition with an eye to re-sale:
- Your goal should ALWAYS be low cost with high impact. Sometimes a quick paint job, de-cluttering and re-arranging furniture can be just as good as a $30,000 kitchen makeover.
- Never spend more than 5% of the homes original value. For instance if you’re purchasing a $500,000 home, keep the budget at $25,000 for those reno’s if you’re planning on selling within a year or two.
- Consult a REALTOR(R) to find out the latest buyer trends. Are people wanting more rooms, smaller yards or vice versa?
- Remember the market goes up and down regardless of your renovation so you want to keep to a solid time-line for the re-sale target.
Check out my website for the great link to a guide on how much various additions and/or alterations will run you.
Filed Under: Kelowna Real Estate
