What To Fix and What to Forget When Downsizing

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What To Fix and What to Forget When Downsizing

BY EMMA YARDLEY

You’ve made the decision to downsize. You’ve called the real estate agent and are now starting to think about everything that needs to be fixed—and it’s very overwhelming. What home improvements are essential, and which can you skip? Read on and refine your to-do checklist.

 

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Figuring out how much work needs to be done to your home before selling it and downsizing is stressful stuff. Add in the costs of relocating, the hassle of culling your possessions and the emotional hardship of saying goodbye to a beloved home, and you’re looking at a recipe for disaster. So, let’s take some of the panic out of moving by outlining what should be done before packing up.

Think the buyers of your home will love the new carpeting as much as you did? Think again. Sellers are often shocked to learn new carpeting was ripped out shortly after selling, in favour of hardwood or laminate.

Sellers need to ask themselves, “Is this to the buyer’s taste? Will I recover the funds spent?” A lot of the time, the decision to do pre-sale renovations is up to how much time, money and disruptions the seller is willing to put up with.

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There are certain must-fixes, such as a leaky roof, broken windows or an ineffective septic system. Anything that would cause buyer concern, or be seen as a liability, should be fixed.

For cosmetic fixes, buyers will value different things about the house, and it’s important for the seller to be open to this and not let their own feelings guide decisions too strongly.

Downsizers will typically sell their large home to “upsizers,” who are in the tightest budgetary times of their lives. A home that has the big-ticket items completed in the past five years: Roof, furnace, air conditioning and windows, is most attractive.

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If you still feel like an update is needed to catch the eye of a prospective buyer, focus on the bathroom and kitchen. White is a huge kitchen trend right now, so consider a coat or two of paint, and definitely replace any broken appliances or fixtures.

A ton of money doesn’t need to be spent. There are many inexpensive finds on Kijiji or local community buy and sell pages. You can also update accessories, like towel racks or changing light fixtures or faucets, to give your home a fresh appearance without spending a fortune.

Heritage designation may play a role in what you can and can’t do to a home. With lead pipes, asbestos abatement, insulation issues and roofing profiles having significant legal impediments and oversight by governments, renovations may be legally necessary.

In areas of Canada, such as Vancouver, where property prices outweigh the value of the house sitting on the land, improvements may be a waste, so make sure you research the market trends in your area before replacing or gutting anything. Why put money into a renovation when all a buyer sees is the land it’s sitting on?

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Keep in mind the cardinal rule of selling: De-clutter and depersonalize. Buyers open cupboards and drawers all the time. Go through your cupboards, organize things and pack up stuff to show there is plenty of storage.

Moving is a lot a work no matter how you look at it, but it doesn’t have to include a disruptive renovation on top of it. Spend smartly and you’ll be settled in your new downsized home in no time.

Originally posted on HGTV.ca

5 Easy Ways to Update a Room

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You don’t have to hire a decorator (or break the bank) to give a room a quick update with lots of impact. So whether you’re getting ready to sell, have just moved in or feel like a mini overhaul, these five tips will have you enjoying the room of your dreams in no time.

Change Your Fabrics

Replace your curtains, re-cover your throw pillows, buy a new rug, Any one of these easy fixes can make a big impact; but all three will completely change the entire room! And if it’s a bedroom you’re tired of, same rules apply: Replace the duvet cover, re-cover the headboard, and toss a few new pillows on the bed.

Freshen Up With Paint

Whether you tackle an entire room, or maybe an accent wall or two, a new coat of paint is probably the easiest way to change a room. From light and bright to dark and dramatic, paint can completely alter the mood.

Re-Organize A Bookshelf

Bookshelves are amazing; not only do they keep your books organized, but they can also serve as great focal pieces. Try colour-coding your books or arranging them in stacks instead of side-by-side. Remove an entire row of books and replace them with framed family photos or bright accent pieces. Sometimes all a room needs is a shift in thinking about it.

Update Your Art

Updating the art on your walls is a great way to showcase the family talent. Frame your daughter’s sketches from high school (no one will know it’s not a real Picasso) or your son’s first finger painting. Or grab a blank canvas and paint it a bright colour to hang in the kitchen (you don’t have to be a Fine Art grad to add some basic pops of colour!). And the best part of this approach is once you’ve bought the frames, the art can be rotated throughout the year at no extra cost.

Add An Accent

Is your bathroom feeling boring or your living room giving you the yawns? Pick bright, colourful wallpaper and add an accent wall! Paint stripes in your dining room, or buy a chandelier for your front hallway. Adding an impressive accent is a fun way to give the room some personality without a complete overhaul (of the room OR your bank account).

Preparing your home for photography

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Preparing your Home for Photographs

You can improve the value of your home and therefore increase your selling price by presenting your home in an attractive way. Take a step back and view your property with a critical eye. The Photographs being the first thing a Potential buyer sees can influence whether or not they want to come and take a look at your Home.
– What improvements can you make?
– How would a potential buyer see your home?
– Can they easily see themselves living there? What is its curb appeal?
Remember, first impressions count and the property should be presentable both inside and out.

INSIDE THE HOME
 CLEAN, make sure the house is spotless.
 Remove or hide all family photos and religious artifacts that may appear on pictures of the Interior.
 Eliminate clutter and re-arrange to make rooms appear larger.
 Keep the Kitchen counter clear and clutter free. Store away all small appliances. Fix imperfections if needed, and remove magnets from the Fridge.
 Replace visible linens, with brand new.
 Ensure bathroom is cleaned (this includes the floor, mirror and counter)
 Replace worn-out lighting.
 Ensure electrical, telephone and cable wires are hidden or barely visible.
 Ensure windows and reflective surfaces on the property are polished.
 For all bedrooms, replace linens with crisp brightly colored linens and pillows cases, and keep end tables free of clutter. – Think Hotel-chic look.
 For rooms used as an office, ensure desk is cleared of all sensitive documents and kept neat and clutter free.
 Vacuum all floors, carpets and staircases.

OUTSIDE THE HOME
 On the exterior of the property ensure all clutter is removed or hidden away. Including garbage cans, basketball poles and other distractions.
 Weed the garden and mow the lawn.
 Fix stains or any damages on the driveway. Trim hedges and bushes if needed.
 Ensure Realtor and Real estate board signs are placed on property AFTER pictures are taken, as having these signs appear on pictures go against MLS listing policies.
 Remove cars from the driveway and park away from the property.