Making the Right Choices for Your Real Estate Market
Calgary’s real estate market is aggressive. As of September 2017, there are more than 6,800 active listings, and the average selling price is in the $475,000+ range. Between 2016 and 2017, there were 16.7 per cent more listings, but interestingly enough, the odds of actually selling your home decreased by 3.8 per cent!
What’s a home seller to do?
If you want to compete in this tough Calgary real estate market, you need to make your home stand out among the thousands of other listings, and you need to quickly show potential buyers that your home has long-term value.
That’s where we, your experienced home renovation specialists in Calgary, come into play.
If your home is outdated and lacks function, it will join the ranks of the unsold. As of September 2017, only 21.3 per cent of listed homes actually sold. In August 2017 it was 24.2 per cent, and in September 2016, 25.2 percent. Alternately, it will sell for far less than you desire. With the odds of making a sale decreasing, your best strategy is to make your home move-in ready, appealing to a broad range of buyers, and updated with the latest trends and products.
In addition to making sure the details of your home are taken care of (re-roof if necessary, fix structural issues that would be caught in a home inspection, have energy efficient windows and appliances) the following renovations will greatly increase your chances of selling, and will provide the highest return on your investment dollars.
Why it pays off: You can’t go wrong with remodeling your kitchen. It’s the most-used room in the home. Improve your experience of cooking and entertaining friends and family, and project the image to potential buyers of a great family space. People know that renovating can be complicated, and potential buyers will appreciate that you did the work for them, allowing them to make the most of their home from the day they move in. Stick with high-quality fixtures, like stainless steel appliances and granite counters, and new cabinetry with the latest space-saving features.
Why it pays off: Bathroom upgrades, like updated countertops and new fixtures, provide solid returns. Choose classic features that will appeal to people with both traditional and contemporary tastes. There’s no denying hotel-like spa bathroom fixtures. A luxurious custom-built shower enclosure with wall-to-wall tempered glass doors will even improve resale. Designer sinks, toilets, and acrylic tubs are must-have features that look great for aesthetic, functional and added-value appeal.
There’s nothing more valuable than adding additional finished square footage to your home. HomeFix™ will work with you to create a fantastic space in your basement. Getting your renovation underway before a sale is far more important than worrying about the right lighting or furnishings. Let our team of professionals finish your basement by adding drywall, insulation, laminate flooring, and even a bathroom, bedroom or home office. We will ensure the space is proportional in quality to the other areas of your home, or better. According to the Canadian Association of Home Builders, “Basement remodels gain extensive value, depending on the quality of the materials and finishes.”
We want to help you sell your home in Calgary by providing the highest quality of home renovation services designed to maximize your home’s potential and draw in buyers. Let the design + remodel + resale team at HomeFix™ work with you to transform your home today. Contact us for a consultation. Email: email@example.com or phone : (403) 612-7225.