What renovations to do before selling.

Full video: https://youtu.be/MjHa-KRK0mc?si=McUDS3SodF4x2g1s

Affordable homes are currently selling faster than ultra-high-end properties. Due to rising costs of labour and materials, extensive renovations may not provide the return on investment they once did. Not to mention Canadians have had a lot of financial pressure put on them over the last year, and although things are moving in a very positive direction, the damage has been done. Buyers are holding their wallets tight, and being very careful how they spend their money.

To maximize your property’s value:

1.) If it ain’t broke, don’t fix it! While most renovations add value, many sellers won’t recoup their full investment when they sell, especially if they’re paying for upgrades at today’s higher costs.

1.) Focus on essential repairs: Update items that are beyond their life expectancy or bring your home up to the average standard of your neighbourhood.

3.) Avoid over-improving: In the current market, going above and beyond with luxury upgrades might not attract buyers willing to pay extra.

By sticking to practical improvements, you’ll position your home more competitively in today’s market. This strategy differs from previous years when luxury upgrades might have paid off, but with current labour and material costs—and buyer affordability concerns—it’s wise to invest thoughtfully.

‼️DM me to get started if you are planning your next sale‼️

Видео What renovations to do before selling. канала Living in Kelowna - Braden Koop
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