Most home sellers are eager to garner the highest possible price when they put their home on the market. To maximize profits, your home must be in the best possible condition so that buyers compare it favorably to a model home. At the same time, you should minimize the amount of cash you spend. A free and essential first step is to pack personal items and eliminate clutter.

 

1. Freshen Up Paint, Front Door and Hardware
One of the simplest and least expensive ways to give an instant lift to any room is to apply a coat of paint. Even if you choose not to paint your whole house, touch up the trim near your front door and windows, since buyers will notice those spaces first.

 

You may even want to replace your front door or at least paint it, since buyers stand outside waiting in that spot while their Realtor fetches the keys from the lockbox. First impressions have a lasting psychological impact. While you’re at it, look at your front doorknob. Shiny new knobs outside and inside can make your whole house seem newer, especially if you opt to switch your brass knobs for brushed nickel or a more contemporary shape. Replacing your switch plates and outlet covers so that they’re all fresh, clean and matching can also have a surprisingly big impact.


2. Let There Be Light
Buyers want homes to be light and bright, so spend a little money to add lamps if you can do so without cluttering your spaces. If more table and pole lamps aren’t an option, buy brighter lightbulbs up to the maximum recommended voltage.

 

If you have a stale-looking brass light fixture over your dining table, spend a couple hundred dollars or less at a hardware store or Target for a more modern fixture. If you have old ceiling fans that look rusty or outdated, replace those, too.

 

Clean your windows to make sure the maximum light shines through, and remove drapes and blinds if you can or replace them with lighter window treatments.

 

When your home is being shown, make sure all the lights are on and all the blinds are up.


3. Focus on the Bathrooms and Kitchen
Home buyers pay a lot of attention to whether the kitchen and bathrooms have been updated. If you can’t afford to replace your bathroom’s tile floor but it looks old, you can dig out the old grout and replace it to make your floor look nearly new. Caulk your shower and tub, too, since dirty or old-looking caulk reminds buyers that the bathroom has been used.

 

If your bathtub is scratched or chipped, you can have it reglazed for less than $500.

 

If you’re handy, you can replace your bathroom and kitchen faucets yourself, but you may need to hire a plumber for this quick fix. A new faucet can give an updated look to your kitchen without requiring you to spend much money.


4. Dig In for Curb Appeal

No matter what season it is when you’re selling, take the time to pull weeds, mulch and add colorful plants or flowers (or bushes with berries in winter) to impress potential buyers from the moment they see your property.

 

While you’re outside, patch your concrete sidewalk and steps and power-wash your deck or patio.

 

While you’ll definitely need to spend time on these simple fixes, they all cost less than $500. You’ll get back your time with a quick sale and recover your money with a higher sales price.

 

 

 

 

Because YOU Deserve the Best ...

 

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BC Home Building Investment Up 12.3% Year Over Year: Report

Townhomes

Investment in new housing construction in BC in May fell 2.7 per cent compared with April – but increased 12.3 per cent year over year, according to Statistics Canada data released July 22.

 

$604.9 million was spent on home building in the province in May 2014, compared with $621.9 million in April and $538.5 million in May 2013.

 

Broken down by dwelling type, the biggest year-over-year increase was seen in townhomes, as investment in BC row housing construction rose 24.9 per cent to $61.2 million.

 

Investment in single-family homes was $278.4 million, up 14.2 per cent. For apartments, investment was up 10.7 per cent to $242.9 million.

 

The year-over-year increases in BC contrasted starkly with the national average statistics, in which investment in new home construction fell 4.2 per cent compared with May 2013, with increases in row housing and duplex investment being offset by drops in single-family home and condo construction.

 

British Columbia saw the country’s highest year-over-year investment increases, with Alberta the only other province to record a year-over-year rise in investment for combined dwelling types in May.

 

To see Statistics Canada’s interactive chart, click here.

 

Because YOU Deserve the Best ...

 

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The British Columbia Real Estate Association (BCREA) reports that a total of 8,989 residential sales were recorded by the Multiple Listing Service® (MLS®) in June, up 24.9 per cent from June 2013. Total sales dollar volume was $5 billion, an increase of 30.5 per cent compared to a year ago. The average MLS® residential price in the province rose to $556,977, up 4.5 per cent from the same month last year.

 

“Home sales finished the second quarter on an upward trend,” said Cameron Muir, BCREA Chief Economist. “The increase in provincial housing demand was broad-based, with the largest year-over-year increases occurring in the Okanagan, the Kootenays and Chilliwack.”

 

Home sales climbed 46 per cent in the South Okanagan and nearly 30 per cent in the Okanagan Mainline Real Estate Board area. In addition, home sales rose 36 per cent in the Kootenays and 33 per cent in Chilliwack compared to the same month last year.

 

“Market conditions also continued to improve, with the Okanagan and the Lower Mainland even flirting with sellers’ market conditions,” added Muir.

 

During the half of the year, BC’s residential sales dollar volume was up nearly 26.8 per cent to $23.8 billion, compared to the same period last year. Residential unit sales were up 18.5 per cent to 41,883 units, while the average MLS® residential price was up 7 per cent at $568,499.

 

For the complete news release, including detailed statistics, click here.


Because YOU Deserve the Best ...


 

For more information, please contact: 

Cameron Muir

Damian Stathonikos

Chief Economist

Director of Communications and Public Affairs

Direct: 604.742.2780

Direct: 604.742.2793

Mobile: 778.229.1884

Mobile: 778.990.1320

Email: cmuir@bcrea.bc.ca

Email: dstathonikos@bcrea.bc.ca

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Change is in the air!  I've made a WONDERFUL decision that is going to enable to serve YOU, my valued client, in a much better way!

 

 

I have decided to join with the amazing team of HomeLife Benchmark Realty in Walnut Grove where my clients can expect continued personal attention and expertise in both buying and selling property.

 

 

I can still be reached at michele@michelecartwright.com and 604-832-8229.  Nothing has changed, except the ability for me to serve YOU better!

 

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