One of the most important aspects of condo appeal is storage space. Having ample storage is a huge selling point, so real estate pros recommend adding extra storage wherever possible. To increase the storage space in your condo, consider remodeling or expanding an existing closet, or redesigning an awkward space to make it more functional. In addition, make sure the bathroom is updated with new toilets and showers. Then, you can also add new lighting, paint, and flooring to the walls or install a new toilet and bathtub. If you are looking for condos for sale in East End Toronto at a higher rate, you should consider these tips.
Making improvements to your condo can help to boost its price and attract new buyers. Buyers want to see updated finishes and features. However, they do not want to pay too much for an outdated unit. Listed below are a few projects that can increase your condo’s price value. Make sure to follow the rules set forth by the homeowners association. These will help you to make your investment more profitable. You can even get a tax break if you decide to do some of these renovations yourself.
Unlike houses, a condo has a finite life span. The life expectancy of a well-managed condo complex can exceed 100 years. Condos with poor maintenance are unlikely to sell for more than the cost of the property. This means that you should start planning your condo sale now rather than waiting until maintenance costs are too high. While well-managed condo complexes may have a long life expectancy, older units often have a shorter lifespan.
One of the most common ways to boost the value of a condo is by upgrading the kitchen. Some of the most popular upgrades include new appliances, countertops, and faucets. Having upgraded cabinets is not the same as having the latest premium appliances. While upgraded cabinets look good, premium appliances tend to be too large. In this case, you may have to opt for basic cabinets instead. Kitchen upgrades can also add more space and curb appeal to your condo.
In any home, storage solutions are crucial, but even more so in a condo. Space is limited in a condo, so many buyers will simply leave their belongings in storage. Instead of letting these things clutter your space, create hidden hiding places that will increase the value of your condo. Look for ways to utilize lofted spaces and built-in cabinetry to increase your storage space. Also, make use of any dead space you may have.