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Ultimate Guide to Selling Your Condo

If you are thinking about selling your condo but aren’t sure where to start then look no further! This is a huge decision so its important to do your research and get the right information.

Before we get started, if you want a copy of my Toronto Relocation guide that breaks down all the amenities, features and communities in Toronto, leave your info on the “contact me” page and I will gladly send you a copy absolutely FREE!

There isn’t any easy answer to the often-asked question of: When should I sell my condo? So we are going to make this simple when talking about important considerations and dive into a step-by-step guide.

Step #1 – Decide When to Sell Your Condo

The first step in deciding to sell is deciding WHEN to sell. The time of year is an important factor in the real estate world– Real estate in Toronto is seasonal, with December and January generally being the slowest months.  But depending on the market, its important to find the ideal time of year to list based on the state of the real estate market. So talk to your realtor for some advice.

You will also want to consider the current competition in your building and the current competition for similar condos in similar buildings – Because condos are seen more as commodities than houses (there are many similar units), the amount, quality and price of the current competition must be taken into account.

But obviously your personal goals are the most important– If you’re moving out of the city or have already bought a new property, then that timing will likely override everything else.

Step #2: Prepare Your Condo for Sale

Once you choose the best time to list, its time to prepare with these 2 goals in mind:

1)     Declutter to make the space look as big as possible One of the biggest challenges of condo living is space. Remove personal items, extra armoires and anything that could distract potential Buyers.  Smaller furniture will make the rooms look bigger, so consider swapping out that King sized bed that takes up the whole bedroom for a smaller one and replacing the L-shaped couch with a more compact version. Make sure every room is staged to its optimal use, but well dive more into this in step 3.

2)     Keep things clean and tidy! The cleaner your condo is, the faster it will sell. Buyers won’t just look at surfaces – they’ll look inside your closets, your kitchen cupboards and your bathroom vanity. Make sure everything sparkles! Special Considerations for condos include:

Storage – The last thing you want to communicate to Buyers is that the condo doesn’t have enough storage. Store off-season clothes offsite,  get rid of all those kitchen appliances and the second set of dishes and minimize your toiletries. Make sure cupboards and closets aren’t overflowing (3/4 full is a good guideline).

Parking and Lockers – Don’t use them as a dumping ground for all extra stuff. They’re a valuable part of what you’re selling.

Smells can linger in a condo, so make sure you don’t cook foods with strong odours (fish, curries, etc.) while your condo is for sale.

Step #3:  Staging

Professional home staging is a must for almost every condo if your goal is to sell it for as much money as possible. It’s been proven that staged condos sell faster and for more money. Did you know that staged homes spend 73 per cent less time on the market than their un-staged competition? Especially in smaller condos where its difficult to see the potential, staging is always a good idea.

Step #4: Pricing Your Condo for Sale

Determining the value of a condo is generally easier than valuing a house because there are likely identical or nearly identical comparable sales in your building. In determining the value of a condo, real estate agents and appraisers will determine the price per square foot of recent sales and use that as a basis to determine the value of your condo.

When it comes to the value per square foot, it’s important to note: the bigger the condominium, the lower the cost per square foot (as the condo gets bigger, each square foot becomes less valuable as there are more of them)

Height Matters– the higher the floor, the higher the cost per square foot (buyers are willing to pay more for a condo on a higher floor).

Views are Important – the better the view, the higher the cost per square foot (views can be extremely valuable, especially if they are of Lake Ontario or the CN Tower)

While comparable unit sales in your building are the most important consideration in valuing your condo, your real estate agent will also look at the units in your building currently for sale (i.e., the competition), as well as recent sales and competition in nearby similar buildings.

When it comes to determining a condo pricing strategy you can price for a bidding war, price at market value or price above market value and negotiate.  Keep in mind:

1. Supply and Demand – Because there are generally multiple units that are identical or near-identical in a building, Buyers may not feel the desperation that they often feel with a house – if they miss out on buying this condo, there’ll likely be another similar one come on the market soon.

2. Upgrades from the builder – while they won’t add as much value as you paid for them, they will help differentiate you from the other condos available for sale. Renovations – don’t generally add much value to newer condos, but can add a lot of value in older condos.

3. Ceiling height – taller is better

4. Maintenance fees – if maintenance fees are significantly higher than average, prices will generally be lower

5. Parking – generally adds $25,000 $50,000 to the price of a downtown condo

6. Locker or en-suite storage – definitely in high demand

7. Outdoor space – balconies and terraces are in high demand

8. Amenities in the building – while some Buyers don’t want the amenities because of the higher maintenance fees, others want the concierge/pool/theatre room/guest parking

9. Location, location, location

10. The ratio of Renters to Owners – Buyers prefer condo buildings where the majority of the people living there are owners

Step #5: Marketing

You will want to make sure the potential Buyers see your condo. With thousands of condos for sale in Toronto, standing out from your competition is critical. A comprehensive marketing campaign for a condo differs than one for a house in the following ways:

Most condos are smaller than houses, so photography and videography can be a challenge. Experienced professionals with wide-angle lenses should be able to capture a room without making it seem smaller or bigger than it truly is. If your agent suggests taking the pictures themselves, run!

Unless your unit is on the first couple of floors and facing a busy street, a for sale sign’ will be of no use. Being able to capture condo Buyer attention online is that much more important.

For safety reasons, some condominium buildings don’t allow open houses. If your condo restricts open houses, your agent can arrange for interested Buyers to see it by appointment. (we’ve also been known to sweet-talk our way into a number of ‘no open house’ buildings)

Step #6: Showings

When Buyers make an appointment to see your condo, keep the following in mind:

Leave the condo! There’s nothing more distracting for a Buyer than having to walk around the owner.

Be flexible with showing times – There’s a lot of competition out there, so make it convenient for Buyers to see your condo.

If you have a tenant in your condo: you’ll need to provide them with 24 hours notice for showings. The sale will be less intrusive to them if it’s quick, so their cooperation – in de-cluttering, and keeping it clean – will go a long way.

Make it easy for Buyers to see the facilities. Make sure the agents have easy access to a FOB so they can show your building’s facilities.

Step #7: Offers

Generally, when selling a condo, you can expect to see offers with two conditions:

A financing condition, which allows the Buyer to confirm their mortgage qualifications with a lender

Status certificate condition, which allows the Buyer’s lawyer to review the condominium documents to ensure that it is sound legally and financially.

Your real estate agent will lead the negotiations of any offers you receive, but the final decision of what to accept – price, conditions, closing date – are yours to make.

Step #8: Closing Day

As closing day (the day the new Buyer takes possession) approaches, you’ll need to make sure to:

  • Book the elevator for your move out. There are usually time and day restrictions, so this early!
  • Inform your property manager that you are moving and cancel your monthly maintenance fees
  • Inform the utility companies of your impending move
  • Cancel your home insurance (to take effect after you have confirmation that the sale has closed)

And that’s it! If you are considering selling your condo, make sure to work with a qualified real estate agent to ensure proper research is done prior to making your decision.

I hope you found this information useful! As a realtor specializing in the Liberty Village and Toronto real estate market, I am here to help guide you through the entire buying or selling process. Don't forget to grab a copy of my FREE Toronto guide by reaching out to me on the Contact page or on my social media. I look forward to speaking with you! 

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Buying a Condo in Toronto

The Toronto condo market has yet to show any signs of cooling down, as demand for condos and other real estate has escalated over the last few years. From small family homes to large and mid-sized condos, there’s a growing need for property in the Greater Toronto Area. There are so many advantages to condo living such as saving money and ideally seeing a large return on your investment when the time comes to sell your condo, being able to live in a more desirable neighbourhood, proximity to public transportation, restaurants, and more. 

So even if you’ve been considering the last few months to jump into the property market, either to purchase an investment opportunity or perhaps a principal home for yourself, here’s a step by step guide to buying a condo in Toronto.

Step 1: Prepare the important paperwork. Before doing anything, you will want to get started on the mortgage pre-approval process. In this process, your broker will need a few documents from you, including:  

  • A full credit check (the lender will run this report for you)
  • An employment letter (stating your status, start date, position and salary)
  • Last year’s T-4 (verifying your income)
  • The previous year’s Notice of Assessment (NOI), confirming that your income taxes were paid. If you didn’t file your taxes last year, you won’t be able to get a mortgage.

Step 2: Get your down payment together. You’ll need at least 5% of the purchase price as a down payment to buy a condo under $1 million, and a 20% down payment for condos priced over $1 million. You will need to make sure the money is available to you and liquidated for your closing date. If part or all of your down payment is being gifted, your lender may require that it’s in your bank account for a minimum number of days (and the bank will request a letter from the person who gave you the gift). It is also important to note that if your down payment is coming from outside of Canada, it’ll need to be in your bank account for at least 90 days before closing.

Step 3: Make sure your deposit is ready to go. A deposit is paid by the Buyer on the successful agreement of the purchase/sale of a home, and forms part of the final purchase price.

In real estate, a deposit provides security to the Seller – A deposit ensures that the Buyer has a stake in the agreement and something to lose if they walk away and refuse to close on a purchase. In Ontario, a deposit is usually paid by bank draft, certified cheque or money order. You’ll need to provide a deposit (usually 5% of the purchase price in Toronto) within 24 hours of your offer being accepted (and possibly earlier if you’re in a bidding war). The deposit forms part of your down payment come closing time.

Step 4: Find out about Government programs and rebates. There are several programs to help first-time homebuyers buy a condo:

  • The Home Buyer Plan, where first-time buyers can borrow up to $35,000 tax-free from their RRSP (note: you have to pay it back within 15 years)
  • Land Transfer Tax refunds in both Ontario and Toronto
  • The First-Time Home Buyer Credit (a tax credit of up to $5000 to help defray closing costs, which results in a refund of up to $750)
  • CMHC loan insurance if your down payment is less than 20% and the purchase price of the home is less than $1 million.
  • If you’re buying a condo for under $565,000, you may be able to participate in the First Time Buyer Incentive.

Step 5: Get pre-approved for a mortgage. It’s essential to know how much you can afford before you start shopping or buy a condo, so getting pre-approved for a mortgage is an important step. Getting a mortgage for a condo is slightly different than getting a mortgage for a house:

  • Lenders will take into consideration the expected maintenance fees when determining how much you can afford.
  • Many banks won’t finance condo-hotels.
  • CMHC and most lenders have a secret list of condos they won’t finance, usually because of problems with the building.
  • Always put in a financing condition in your offer or talk to your lender before you make an offer.

Step 6: Educate yourself about closing costs. While the Seller likely pays your realtor’s fees, you’ll have to pay provincial land transfer tax, municipal land transfer tax if you buy a condominium in the city of Toronto. Other closing costs include legal fees, lender or appraisal fees (possibly) and any adjustments (for example, reimbursing the Seller for prepaid expenses.

Step 7: Educate yourself on the costs of owning a condo. Condo costs are slightly different than housing costs, some fees to consider in condos include:

  • Condo Maintenance Fees: Condo fees vary significantly between buildings. While maintenance fees will almost always include water, garbage, common elements and building insurance, they may or may not include hydro, gas and air conditioning. What’s included/not included in your maintenance fees can significantly change your financing options and monthly carrying costs. Note: condo fees generally increase each year. If you’re buying a brand new condo, you can expect the first few years of increases to be quite significant.
  • Other Expenses: You’ll also need to pay for home insurance, internet or cable, and property taxes.
  • Special Assessments: Sometimes, condos have unexpected or unbudgeted expenses that must be paid by the residents. These special assessments, while not that frequent, can be expensive. Find out the history of special assessments and have your lawyer review the status certificate for details. (The status certificate is the document that outlines the financial and legal guts of the condo).

Step 8: Get your team in place. Buying a condo is a team effort, and you’ll want to make sure you have the right team by your side:

  • Your Realtor – Your Realtor plays a critical role in making sure you buy the right condo, in the right neighbourhood – and of course, negotiating the price and terms of the agreement. Do your research before hiring a real estate agent – read online reviews and get recommendations from friends and family. Trusting the wrong agent could cost you tens of thousands of dollars and cause you a lot of grief.
  • Real Estate Lawyer – Your lawyer will review the status certificate, manage the closing and deal with any closing issues. Make sure to hire a lawyer who is experienced in helping condo Buyers. 
  • Mortgage Broker – Whether you choose to work with your current bank or bring in a mortgage broker to find you the best deal, involve them early in the process.

Step 9: Determine your needs and wants: Start by identifying your ideal neighborhood.  Condominiums can be found in almost every neighbourhood in Toronto, though of course there’s a massive concentration of them downtown. Do you want to live in the middle of the action or on a quieter residential street? How important is easy access to highways and TTC? You should also determine which type of condo you prefer. Condos vs Lofts vs Townhomes – Which one is right for you? 

In Toronto, condos are equipped with fitness centres, pools, 24-hour concierge, bowling alleys, massage tables, dog washing stations and billiards rooms; media centres, golf driving ranges, hot tubs, aerobics classes and more. Think long and hard about which amenities you will use – you’ll be paying for them every month as part of your condo fees.

Step 10: Get To Know the Market

  • Read up on market reports 
  • Familiarize yourself with sold prices in the area
  • Talk to your agent and understand what the sold prices and reports mean

Step 11:  Finalize Your Budget At this point, you should be pre-approved for a mortgage, so you know how much you can spend; you’ve become familiar with asking and sold prices in the neighbourhoods and buildings that interest you; now it’s time to decide: how much do you want to spend to buy a condo and start searching online.

Step 12: Start viewing condos with your realtor – Let the house hunting begin! Working with your REALTOR, you’ll be able to book private showings at the condos that interest you. When you find a building or condo unit that interests you, it’s time to do some due diligence. Your realtor will play a big role here, as will the status certificate that your lawyer will review after you’ve successfully negotiated an agreement of purchase. Here are some of the things to be on the lookout for:

  •  Developer Reputation – Who originally constructed the condominium? What’s their reputation and history with similar condominiums? Not all developers are great, and there are plenty of mediocre builders out there, who build cheap condos.
  • Quality of Construction – Just like there are good and bad developers, there are good and bad condo buildings – buy a good one. The quality of the construction doesn’t only impact appearance – it impacts maintenance, costs, noise and resale values. Work with a REALTOR who’s familiar with the condos and builders in your target area – they’ll have great intel about the buildings that may not be obvious to you.
  • Undesirable Features  – When shopping for a condo, look out for things that might detract from value – small windows and dark spaces with minimal natural light, bad odours coming from neighbouring businesses, bad views and noises from ground-level tenants or nearby garbage facilities.
  • Building History – You can tell a lot about how a condo is run by looking at its history. Is the progression of maintenance fee increases in line with what’s normal? Have there been special assessments? Lawsuits? Are they hiring a new property manager every year?

Step 13: Understand Offer Time + Closing. When it comes time to make an offer on a condo, all these steps will happen simultaneously. In the meantime, educate yourself about each phase of the offer and closing process. Determine an appropriate offer price, closing date, and which conditions you would like to include. Conditions are part of an offer to purchase and allow the Buyer time to complete their due diligence. These are the most common conditions seen in Toronto:

  •  Financing Condition – a condition that allows a Buyer to back out of a sale if they don’t obtain financing (usually 3-5 days long); click here for more details
  • Status Certificate Review Condition – a condition that allows a condo Buyer to have the condominium status certificate reviewed by their lawyer – usually the certificate must be provided within ten business days, and the lawyer has 1-3 days to review); click here for more details on the status certificate review condition.
  • Home Inspection Condition – while these aren’t common in condo purchases, a home inspection condition allows a Buyer to bring in a professional inspector to inspect the unit and back out of the sale if it isn’t satisfactory to them (usually 1-5 days, depending on market conditions). Note that condo inspectors can only inspect the unit and what is owned and controlled by the individual owner, so they won’t provide an opinion on electrical, plumbing, roofing, etc.

Step 14: The Offer Process – Your agent will prepare the offer, including your initial offer price, terms and conditions. It will be valid for a certain amount of time (we call this irrevocable period). Once you’ve signed off it, your agent will present the offer to the Seller’s agent/the Seller. The Seller can:

  • Accept the offer as-is  -They agree to the terms and conditions you’ve offered and sign it. Congratulations!
  • Sign back the offer with different proposed terms (for example, at a higher asking price, with a different closing date, etc.). This now becomes a counter-offer from the Seller back to the Buyer. This is the most common scenario–usually, several back-and-forth negotiations take place with each side making concessions until hopefully a mutually agreeable contract is reached.
  • Decline the offer If your offer is completely unacceptable to the Seller, they have the option of simply declining it–no negotiation, no anything.

Step 15: Closing. When I refer to ‘closing’, we mean the date that you take ownership and pay for the condo. A few days before the closing date:

  • Your condo home insurance policy needs to be ready
  • You’ll sign all the final paperwork with your lawyer
  • You’ll get title insurance
  • You’ll need to provide a certified cheque for the balance owing on your down payment
  • Your lender will advance the mortgage funds.
  • On closing day, the money will transfer to the Seller and ownership will transfer to you. At last, you’ll be able to pick up the keys to your condo. Congrats!

And that’s it! If you are considering the purchase of a condo, make sure to work with a qualified real estate agent to ensure proper research is done prior to making your decision.

I hope you found this information useful! As a realtor specializing in the Liberty Village and Toronto real estate market, I am here to help guide you through the entire buying or selling process. Grab a copy of my FREE Toronto guide by reaching out to me on the Contact page or on my social media. I look forward to speaking with you! 

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Hard Lofts in Toronto

Exposed brick and ductwork,  skylights, soaring ceiling heights, original fir beams, wood ceilings and hardwood floors, big, roomy spaces and bespoke finishes.... Who wouldn't want to live in a hard loft in Toronto?!

Hard lofts in Toronto are extremely popular among clients looking for a unique space with history and character. Exclusivity and desirability go hand in hand — hard lofts are scarce in the condo market and as a result, very desirable. Hard loft buildings tend to be smaller and contain fewer units than most modern condos, further increasing their rarity. And as that wasn’t enough driving factors, they contain features that aren’t found in most condos.

You might be wondering, what is a HARD loft?

A hard loft is a former industrial space, factory, office or warehouse that has been converted into condos. Given their industrial past, they are usually constructed of concrete or feature “brick and beam” construction depending on their vintage roots. Here are some of my favourite buildings for hard lofts in Toronto.

Toy Factory Lofts

Toy Factory Lofts sits at 43 Hanna Avenue in Liberty Village. Believe it or not, it was named after its former tenant, the Irwin Toy Factory, which was founded in 1926 and is Canada’s oldest toy company.

The building was originally constructed in 1912 as a paper factory owned by Hinde and Dauch, Toronto’s largest paper manufacturers, it was sold to the Irwin family, who started one of Canada’s legendary toy companies in the building in 1940.

The Irwin Toy Factory became well-known for making some of the coolest toys around, including hula-hoops, Slinky, yo-yos, board games and action figures. The factory embraced its role as Canada’s leading toy factory for the next 50 years.

This former factory turned loft residence now houses 218 units. The bones of this turn-of-the-century factory are solid with steel beams, Douglas fir posts and brick walls where in some sections is several feet thick.

You know when you enter the lobby that this loft residence is well maintained and truly a showpiece of hard loft living. Ceilings inside are up to 17 feet in height and the lofts range from one bedroom to three bedrooms with large open-concept layouts, stunning hardwood floors and floor-to-ceiling windows.

Candy Factory Lofts

 

In the neighbourhood of Queen West, Candy Factory is one of the most sought-after hard lofts in Toronto. The Ce De Candy Co. was launched in 1949 after third-generation candy maker Edward Dee moved his family from England to New Jersey and secured the name Smarties for his candy wafer roll. Fun fact: the candy was later called Rockets to avoid confusion with Nestle’s colourful famous Smarties.

In 1963, Dee expanded to Canada, opening a second factory on Queen Street West in Toronto. The Candy Factory is a post and beam loft conversion with 121 units, ranging in size from 700 square-foot one-bedroom units to 3,500+ square-foot two-level penthouse suites. Most of the lofts are in the 1,000-1,600sf range. Some of the building features include real hardwood strip flooring, exposed brick, mezzanine bedrooms, fir columns and beams, wood ceilings, floating spiral duct work and granite counters. Many suites feature gas fireplaces and kitchens!

Tip Top Lofts

Tip Top Lofts is located on Lake Shore Boulevard West near Bathurst Street. This beautiful historic building was originally constructed in 1929 by Bishop & Miller, as a warehouse and office facility for the Toronto clothing retailer. Then, in 2005 the property was converted into 256 tastefully refinished Toronto lofts, named Tip Top Lofts.

The new residence features 8 floors with the classic hard loft styles on the lower floors, while the new upper floors host modern soft lofts. The Tip Top Tailor building is a historic property located near Toronto's Waterfront, certain units even have a wonderful view of the yacht club.

Argyle Lofts

Argyle Lofts was originally developed in 1873, at which time the famous baker, John Dempster, owed his first bakery and grocery store. In 1919, the building was taken over by the Ideal Bread Factory. The entire ground floor was used for shipping the thousands of loaves of bread produce daily.

Argyle Lofts was converted in 2007 and contains 86 units, ranging from 485 to 1800 square feet. Some of the hard loft features include exposed brick, 12 to 16.5 ft ceilings, and two-storey lofts with wide-open plans. With only 86 Toronto lofts in the entire building, and a consequently low turnover rate, not just anyone gets to live at the Argyle Lofts.

Massey Harris Lofts

Located on the south side of King Street West near Strachan Avenue, Massey Harris Lofts is a 5-storey redbrick building. Converted in 2003 from the 19th century head office of Massey Harris farm equipment company, the heritage styled building now offers 45 Toronto lofts ranging in size from bachelor to two-bedrooms, with select soft loft penthouse suites on the contemporary rooftop addition.

The building features 100+ year old original brick walls and wood post & beams. First floor units on the West side of the building have private sunken terraces looking out at Massey Park. The penthouse units are an extension above the original structure that feature private rooftop terraces.

On the inside you will find charming finishes such as exposed redbrick, 12-foot ceilings, wood and glass-railed staircases, large office-style windows, and upgraded bathrooms. Massey Harris Lofts keeps maintenance fees relatively low with limited amenities.

Broadview Lofts

Located on the East side of the city, Broadview Lofts sit on the grounds of old Sunlight Park, which was the first baseball stadium in Toronto. The all wood structure and park were initially known as the Toronto Baseball Grounds, built in 1886.

The actual building that houses Broadview Lofts was built in 1914, and served as a Rexall Pharmacy warehouse and distribution centre for many years. The property was revitalized in the early 2000’s by adding two additional storeys made of glass and steel to tie into the warehouse windows that remain intact in the original four storey warehouse.


From value to style to authenticity, hard lofts are unmatched in the condo market. Hard lofts will always be hot commodities in the Toronto Real Estate market. If you’re a first-time buyer looking for a uniqueq space, or an investor looking to add something unique to your portfolio, lofts at these buildings, or many others around Toronto would be a solid investment. 

If you are considering the purchase of a hard loft, make sure to work with a qualified real estate agent to ensure proper research is done on the building's noise transfer, amenities, insulation, outdoor space, etc. 

I hope you found this information useful! As a realtor specializing in the Liberty Village and Toronto real estate market, I am here to help guide you through the entire buying or selling process. Grab a copy of my FREE Toronto guide by reaching out to me on the Contact page or on my social media. I look forward to speaking with you! 

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Why You Should Renovate Your Home

Lets talk renovations! Whether you are looking to increase functionality, improve the layout or just increase the value of your home- a home reno may be necessary for you. Perhaps you are considering which areas of the home to focus on to get the best bang for your buck. If you are thinking about creating the home of your dreams but are not sure where to start, here are some of the top home improvement projects that can increase the value of your home:

 

Kitchen remodel: A kitchen remodel can be a great investment because it can significantly increase the value of your home. Focus on updating finishes, adding storage, and improving functionality.


Bathroom remodel: Like a kitchen remodel, a bathroom remodel can also increase the value of your home. Consider updating finishes, adding storage, and improving functionality.


Adding a deck or patio: Adding outdoor living space can be a great way to increase the value of your home. A well-designed deck or patio can provide a place for entertaining, relaxation, and enjoying the outdoors.


Finishing the basement: If you have an unfinished basement, consider finishing it to add more living space to your home. This can be a great way to increase the value of your home and make it more attractive to potential buyers.


Painting the interior and exterior: A fresh coat of paint can do wonders for the appearance of your home. Consider neutral colors for the interior and a color that complements the exterior of your home for the exterior.


Updating the landscaping: Landscaping can have a big impact on the appearance of your home. Consider adding plants, shrubs, and trees to improve the curb appeal of your home.


Updating the flooring: New flooring can be a great investment because it can significantly update the look of your home. Consider options like hardwood, tile, or luxury vinyl plank.


Replacing the roof: A new roof is a major investment, but it can be a worthwhile one because it can protect your home and increase its value.


Adding energy-efficient features: Energy-efficient features, such as solar panels, energy-efficient windows, and a high-efficiency HVAC system, can make your home more attractive to buyers and also save them money on their energy bills.

 

Adding a garage: If you don't have a garage, consider adding one. A garage can increase the value of your home and provide a place to store your car and other items.


There you have it, if you are considering a home reno make sure to hire reuputable contractors. I hope you found this information useful! As a realtor specializing in the Liberty Village and Toronto real estate market, I am here to help guide you through the entire buying or selling process. Grab a copy of my FREE Toronto guide by reaching out to me on the Contact page or on my social media. Look forward to speaking with you!

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