The focus is on locking in the best sale price possible. By employing some simple tips, you will add value to your condo and have a better chance of finding a buyer sooner.
You have all sorts of precious items on display in your home. But, at times, they make it harder to see the features of the condo. Since all those items will be moving with you anyway, why not pack them up now? Rent a climate-controlled storage unit and put it to good use. Once the clutter is out of the way, you’ll find it easier to see what it will take to add value to your condo.
You think the condo is clean, but it isn’t. There’s little pockets of dirt and grime all through your place. They only become apparent when buyers attend open houses and peer into the cabinetry, or look behind the toilet.
Have a cleaning service come in and clean every last surface in your home. Go all out and pay for the super-duper cleanliness package!
That includes areas that you’ve not touched in years. Along with getting rid of the grime, you’ll notice that the place smells fresher.
If you have hardwood flooring in your condo, make sure that it’s cleaned and freshly coated with a sealing agent. Something with a low gloss will work well. Along with protecting the floors, the slight sheen will be appealing to prospective buyers who wonder how their things would look in the space.
If you do have carpeting in one or more rooms, consider the condition. Cleaning carpets will certainly add value to your condo. When the carpet is beginning to show signs of wear, consider replacing them as an investment in your condo. Fresh carpets will do wonders to your sales appeal.
Getting rid of those hot pink walls may be hard, but remember that you will not be living there much longer. Potential buyers will be much happier when they walk in and see wall colours that won’t clash with their furniture.
Those heavy window treatments are going with you anyway, so pack them up and invest in lighter treatments that allow in a lot of natural light. More natural light creates the illusion of more space, and will certainly add value to your condo.
Consider updating the switches and any recessed lighting in the condo. The cost is minimal, and it will give the place a more contemporary look. Dimmer switches are an excellent idea for overhead fixtures, since the light can be adjusted to show off the room’s best features.
Replacing the door pulls on the kitchen cabinetry is an inexpensive way to increase the visual appeal of the space. Pulls that are a little larger do add something extra that many buyers will appreciate.
Condos don’t always have an abundance of storage space. That includes the closets in the bedrooms. Consider investing in organizers that ensure every inch of the closet is put to good use.
Prospective buyers will take one look and picture if it’s possible to fit all their Maple Leafs apparel in the closet. You want the answer to be “heck yes!”
In sum, enhancing the market value of your condo is not as hard as you think. There a several inexpensive ways to make your condo more appealing to prospective buyers. So, block off one day to work on your condo, that’s all it will take!
Trust me, when your agent tells you that more than one buyer has submitted an offer, you’ll know the effort paid off.
Matt Elkind, Co-Founder CONNECT Asset Management