By: Jeff Johnson

Top Three Ways To Increase The Value Of Your Home

Tags: Home In Toronto, House Prices, Buying A Home, Selling A Home, Market Statistics

Hey everyone! 

I hope you’re all having a great week. Today I was being asked a lot on Facebook and our other social media channels: What are the best ways I can increase the value of my home before I think about selling?

Here are my Top Three Tips and Tricks.

Number 1. This is the easiest and the most cost effective: PAINTING.

A lot of houses that we walk into have loud vibrant colours like reds, greens and blues. Unfortunately, you want to have a neutral look; gray is in right now as are soft taupes.  Choosing a lighter colour palette will create the illusion of a larger looking space. For instance, I was in a house recently and walked into a room painted with the Toronto Maple Leafs royal blue. Unfortunately, what happened is the room looked a little smaller. Once we painted it lighter, it looked fantastic (even though I personally loved the look of the royal blue).  Go Leafs Go!

Number 2.   Kitchens, kitchens, kitchens! Kitchens are the absolute number one way you can increase the value of your home.

Believe it or not, IKEA has come up with some great cabinetry solutions that you can implement for a reasonable kitchen renovation (around ten to twenty thousand dollars). That could add $50,000-$100,000 resale value onto your home, depending on the condition of your kitchen now. So think about that! The other thing with kitchens, I would suggest going with lighter cabinet colours. Don't go with darker colours because the darker they are, the smaller the space looks. You want the space to look larger: the larger the space, the better it is.

Number 3.  The last thing is: Bathrooms. 

A decent, newly renovated bathroom can be anywhere from 4-12 thousands dollars depending on your fixtures. For a smaller bathroom you should consider using a pedestal sink, this will also create the illusion of a much larger space. Another pro tip is using larger sized tiles, such as a 2' by 1' slab tile which provides an updated and modern look.

Hopefully you found this helpful. Don't forget about our referral contest because somebody soon is going to Caribbean.