Find Real Value

    On paper, a home’s value is largely determined by established area prices, then adjusted for considerations such as the desirability of the particular lot, structural improvements and recent upgrades.


When it comes time to sell, however, a home that appeals to a large number of potential buyers has the best chance for success. The listings that stand out in the crowd are often perceived to be well worth the asking price. Here are some of the key factors that influence the selling potential of a particular property.

LOCATION, LOCATION, LOCATION

• Safe communities that are close to employment centres, shopping and public transportation, or that have reputation for excellent schools, are often more popular with buyers.

• Higher than normal crime rates, taxes or homeowners association fees can act as deterrents.

• A cul-de-sac lot is a sought-after side for many, while a noisy or busy street may reduce the number of potential buyers and call for a lower value.

• A pleasant view or a waterfront location will often command a significant premium over similar area properties.


CURB APPEAL - The view from the curb is your home’s opportunity to make a good first impression. A well-maintained yard and an inviting entrance will help bring more buyers through the door.


HOME IMPROVEMENTS – Many homeowners remodel to accommodate their changing needs or to appeal to the preferences of today’s buyers. Attractive or practical upgrades can add substantial value when chosen well. However, costs are unlikely to be recovered if a home’s amenities surpass the neighbourhood norm. Before committing to a significant renovation, make sure to weigh the costs and benefits. When in doubt, consult your trusted real estate professional.

Applying a fresh coat of paint to your interior walls is a relatively inexpensive way to add value and appeal. Not only will this improvement show buyers that your home is well cared for, it’s an easy way to change the look and feel of a room.