SOME TIPS
-Get a knowledgeable agent that has experience in construction and renovation.
-Pick a project that fits your needs and you can profit by doing paint, drywall, refinishing the basement, new floors, kitchen or bath.
-Kitchen and baths are still a very high demand part of a home.
-Project some costs on a spreadsheet and think about doing some of the renovation yourself to save money.
-A big tip is the purchase the worst house on a good street in a favorable neighborhood. You are buying the lot. Your land appreciates.
-The location in the city is essential to your decision and the resale value.
-Think about things like a separate side entrance, lot size and good schools. People buy homes for these reasons.
-Think about what is important to buyers and what will give you benefits for resale. For example dramatic paint colours or a pool are not always good for resale but hardwood floors, granite countertops and stainless steel appliances are appealing to new owners.
-Curb appeal is important so improving the landscaping may be a good investment.
-Don’t try to turn the house around too quickly. Live there for a period of time if you can.
-Finally don’t over renovate a home or condo.
-Pick a project that fits your needs and you can profit by doing paint, drywall, refinishing the basement, new floors, kitchen or bath.
-Kitchen and baths are still a very high demand part of a home.
-Project some costs on a spreadsheet and think about doing some of the renovation yourself to save money.
-A big tip is the purchase the worst house on a good street in a favorable neighborhood. You are buying the lot. Your land appreciates.
-The location in the city is essential to your decision and the resale value.
-Think about things like a separate side entrance, lot size and good schools. People buy homes for these reasons.
-Think about what is important to buyers and what will give you benefits for resale. For example dramatic paint colours or a pool are not always good for resale but hardwood floors, granite countertops and stainless steel appliances are appealing to new owners.
-Curb appeal is important so improving the landscaping may be a good investment.
-Don’t try to turn the house around too quickly. Live there for a period of time if you can.
-Finally don’t over renovate a home or condo.
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