Elbow Equity Expert!
I love to increase the value of my properties with elbow grease!
It can be as simple as paint and window dressings (aka lipstick and mascara), utilizing unfinished space, or reconfiguring the design. These can all make a huge difference in the feel, use and function & also increase your equity!
The other thing that I love to do with my own properties is buy 2nd hand kitchens from the wealthier parts of town, and U-Haul them to my little rental. Taking out the plywood cupboards & throwing up solid wood cupboards adds huge value! & as it’s a small rental & the kitchen came from a mansion, I had cupboards to do the kitchen, both bathrooms & the downstairs suite!
Even converting a garage or outbuilding into a studio can put your property above any others on the market, and you get to enjoy the space until you sell!
When my daughter was a teenager & we started getting into each others space, I looked at my detached garage full of storage & thought, “This is a waisted space!” So I started framing, insulating & drywalling. I found an old kitchen on craigs list & put in a little “bar”. Now I have a beautiful space that works great for garden parties, or as my studio. I even put in a bathroom & found a fabulous deal on a claw foot tub!
A total spa retreat from what was once a storage garage!
I offer my clients a Renovation and Resale Consultation which includes a Contractor List to help get the renovations done so you can enjoy your new home or to help you get ready to Sell. I find when you are doing renovations with the idea of selling, it is very important to do the right renovation and put the money in the project that will give you the best return for your dollar! A kitchen reno can give you 75% - 100% return on your investment dollar, yet a window replacement might only generate a 50% - 75% return. (although I wouldn’t recommend only doing the reno’s that generate a higher return, as regular maintenance on heating systems etc. won’t give great returns, they do help generate offers).
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