Sometimes people looking for their first home prefer to purchase an older home and renovate it rather than making a larger investment in a brand new home. Other people just want to increase the value of their home. We asked Gil Szabo, the top real estate agent in Penticton, BC, a lovely community near Okanagan Lake in the hot Okanagan Valley market for home improvement ideas.
Consider Remodeling your Kitchen
The kitchen is often considered the heart of the house. Many families spend most of their active time at home in the kitchen. Buying a new fridge, stove, and dishwasher, shelves, counter tops, or even a neutral coat of paint will significantly increase the overall value of your home.
Renovating Your Bathroom
The bathroom is also an important room of the house. Our top Penticton realtor suggests that a new toilet, sink, and even a new tub will make your home much more attractive and increase its value without tearing down walls.
As well there are a myriad of cute accessories that will make any bathroom more interesting, such as baskets, ornamental tower racks, and special soap holders. Matching towels and shower curtains also add a classy look. Update the light fixtures, sink faucets, and drawer handles can also increase the appeal of your bathroom to prospective buyers when the time comes.
Adding a Finished Basement
Finishing your basement usually increases the living space of your home significantly. Wall paneling, warm carpet, and insulation in the walls, and a bar with stools also help to make it an inviting party or living space.
Adding a home theatre, a pool table or even a ping pong table can turn it into a game room. A desk with computer turns it into a study room. If you include a bathroom, kitchen, and separate entrance it can become a revenue generating part of your home or a mother-in-law suite, which greatly increases the value. A well finished basement can add a tremendous amount to the value of your home.
Removing the stipple from your ceilings, replacing the carpet with hardwood floors, or at least new carpet of a neutral color, buying closet doors with mirrors and put track lighting on the ceiling above are all projects that will increase the value of your home. Painting the walls a neutral color will help greatly as well.
All of the above projects will stay with your home when you sell, but there are some improvements you can make that you can take with you. You can buy a new bed, put fashionable sheets on it, and buy a good looking chest of drawers and matching night table.
Turn the Attic into a Living Space or Additional Storage Area
Turning your attic into a bedroom, storage space, office, or game room will add more living space to your home. This makes your home much more saleable and increases the value.
Let a Home Inspector Guide You
Often it’s good to hire a professional Home Inspector for a couple hundred dollars to provide suggestions on work that your home will need before sale. You can be sure your home will be inspected before it is sold. It’s better to find out what needs to be done in advance so you can work on those projects over time, rather than have to do them all at once to ensure the sale goes through.