The value of renovating your Calgary home is twofold. Not only can a few improvements around the house help make it feel fresh and more suited to your tastes, but the right renovations can also significantly boost your property value – whether you’ll be selling soon or a few years down the road. 

With that in mind, if you’re actively thinking about selling and considering some value-adding renovations before you list, there are a few things you should do before you call a contractor. 

Before You Start Ripping Up The Floorboards

Renovations are often seen as a surefire way to increase your home’s value before selling. That being said, not all renovations are created equal, and it’s crucial for you as a homeowner to consider the return on investment aka the ROI before embarking on any remodelling projects. 

So, before you start ripping up the floorboards – or taking on any home improvement projects for that matter, you’ll want to look at the numbers. Where this gets a little more complicated is that not all renovations provide the same ROI for every home. Depending on your home’s ideal buyer, upgrades that promise a strong return for your neighbour could set you back. 

Need more advice on helping your home sell for top dollar? Check out these other posts from our blog. 

Understanding Buyer Wants

Speaking generally, renovations can improve your final selling price by making your home more appealing in the eyes of buyers. This is because greater buyer appeal translates to more interest and ultimately higher quality offers. By extension, renovations are most valuable (and potentially lucrative) when they directly align with buyer wants. 

With this in mind, you’ll want to speak to a local Calgary real estate agent before committing to any renovations. An experienced, top-performing agent can tell you which type of buyer is most likely to pay top dollar for your home, and what they’re looking for. Using these insights, you’ll be able to identify which projects present the best payoff. 

Project Scale 

When it comes to adding value, sometimes less is more. In the Calgary market, not all renovations require a significant investment to yield substantial returns. Simple and cost-effective improvements, like a fresh coat of paint, updated lighting fixtures, or professional landscaping, can enhance your home’s appeal without breaking the bank. While that’s not to say that larger projects can’t have great ROI, it’s important to keep the bottom line top of mind. 

Timing The Market

Upgrading your home in a way that maximizes your final sale price should also consider what’s happening in the market. In some cases, you may want to pass on projects with high ROI potential if the timing isn’t right. 

For instance, a certain renovation project could add great value to your home, but it may take several months to complete, causing you to miss out on an active season in the market – and, as a result, the ROI gained by your hard work could be offset by market conditions that are less favourable for you. 

Some renovations may also not suit your goals if you’re looking to sell in a hurry as last-minute or rushed projects can be less effective. Ideally, renovations should be planned and executed within a few months of listing the property to ensure they are fresh and appealing.

Right now is one of the best times to sell your Calgary home. Read these other blogs to find out why! 

What Are The Right Renovations For Your Home?

If you’re looking to maximize returns from your home sale, there are a lot of factors and variables to consider before you start renovating. With that in mind, the best place to start is with a top Calgary real estate team – like us, Dolce Real Estate Group. 

As experts in Calagry’s unique real estate landscape, we understand buyer wants better than anyone else. Using this expertise to your advantage, we’ll help you select the right renovations to attract a strong pool of interest and maximize your ROI – in any type of market. Further, our robust network of industry connections includes contractors, architects and more. Whatever your home needs, we can put you in touch with the right professional for the job. 

Searching for a local team to help you get a great return on your Calgary home? Look no further than Dolce Real Estate. Call 587.229.7108 to get in touch or click to send us an email

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