Your browser is not supported. We do our best to optimize our websites to the most current web browsers. Please try another browser.
Skip to main content
ADVERTISEMENT

What To Fix and What to Forget When Downsizing

538047174

You’ve made the decision to downsize. You’ve called the real estate agent and are now starting to think about everything that needs to be fixed-and it’s very overwhelming. What home improvements are essential, and which can you skip? Read on and refine your to-do checklist.

ADVERTISEMENT

 

538047174

 

Figuring out how much work needs to be done to your home before selling it and downsizing is stressful stuff. Add in the costs of relocating, the hassle of culling your possessions and the emotional hardship of saying goodbye to a beloved home, and you’re looking at a recipe for disaster. So, let’s take some of the panic out of moving by outlining what should be done before packing up.

 

Think the buyers of your home will love the new carpeting as much as you did? Think again. Sellers are often shocked to learn new carpeting was ripped out shortly after selling, in favour of hardwood or laminate.

 

Sellers need to ask themselves, “Is this to the buyer’s taste? Will I recover the funds spent?” A lot of the time, the decision to do pre-sale renovations is up to how much time, money and disruptions the seller is willing to put up with.

 

78454065

 

There are certain must-fixes, such as a leaky roof, broken windows or an ineffective septic system. Anything that would cause buyer concern, or be seen as a liability, should be fixed.

 

For cosmetic fixes, buyers will value different things about the house, and it’s important for the seller to be open to this and not let their own feelings guide decisions too strongly.

 

Downsizers will typically sell their large home to “upsizers,” who are in the tightest budgetary times of their lives. A home that has the big-ticket items completed in the past five years: Roof, furnace, air conditioning and windows, is most attractive.

 

ADVERTISEMENT

89794268

 

If you still feel like an update is needed to catch the eye of a prospective buyer, focus on the bathroom and kitchen. White is a huge kitchen trend right now, so consider a coat or two of paint, and definitely replace any broken appliances or fixtures.

 

A ton of money doesn’t need to be spent. There are many inexpensive finds on Kijiji or local community buy and sell pages. You can also update accessories, like towel racks or changing light fixtures or faucets, to give your home a fresh appearance without spending a fortune.

 

Heritage designation may play a role in what you can and can’t do to a home. With lead pipes, asbestos abatement, insulation issues and roofing profiles having significant legal impediments and oversight by governments, renovations may be legally necessary.

 

In areas of Canada, such as Vancouver, where property prices outweigh the value of the house sitting on the land, improvements may be a waste, so make sure you research the market trends in your area before replacing or gutting anything. Why put money into a renovation when all a buyer sees is the land it’s sitting on?

 

494480719

 

Keep in mind the cardinal rule of selling: De-clutter and depersonalize. Buyers open cupboards and drawers all the time. Go through your cupboards, organize things and pack up stuff to show there is plenty of storage.

 

Moving is a lot a work no matter how you look at it, but it doesn’t have to include a disruptive renovation on top of it. Spend smartly and you’ll be settled in your new downsized home in no time.



Latest News

Stay ahead of the curve with Pinterest's new home decor predictions for 2023.
December 7, 2022
Viva la Magenta! Pantone's colour of the year is here, and we're tickled pink.
December 6, 2022
Learn how to make the perfect holiday wreath that adds a lovely, cozy touch to your outdoor decor.
December 5, 2022
Filled with colour and whimsy, this retro Calgary home inspired by the 1960s and '70s is right on trend for 2023.
December 5, 2022
These chic and sweet Christmas decorations have caught our eye — and our holiday-loving hearts.
December 4, 2022
Surprise your guests at your holiday party with this festive winter wonderland centrepiece!
December 3, 2022
A serious plant lover like Pamela needs a potting shed as beautiful as her roses.
December 2, 2022
Celebrate the most wonderful time of the year without breaking the bank.
December 2, 2022
Beautiful antiques, simple furnishings, and accessories fill this influencer's cozy, coastal historic New Brunswick home.
December 1, 2022
ADVERTISEMENT
ADVERTISEMENT
This content is restricted to adults of legal age.
Please enter your birthdate to confirm.
Date of Birth