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5 Ways to Increase Value to Your Home this Weekend

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Increase Value to Your Home: As much as we may love to reserve the weekends for sleeping in and spending time with family; if you set aside a weekend or two for a few simple projects, you could increase the value of your home so that you can get the most from your sale.

1. Paint Your Front Door

Painting your front door is a quick and easy way to instantly improve your home’s curb appeal and make it stand out. Choose a color that complements the color of the brick or siding and look for a glossy finish that is low maintenance and looks high end. If your door has windows or a storm door, then give them a good cleaning as well to better show off your new door color and your exterior.

2. De-clutter

Most of us are guilty of having too much stuff and when it comes time to sell, all of that stuff can really put off potential buyers. Make it a family affair and spend the weekend getting rid of any unnecessary stuff. Clear out closets and storage areas so that not only are your things better organized and easier to find, but so that potential buyers can see your homes true space and potential. Less is more after all and scaling back lets your home feel clean, open and airy—just what buyers want.

3. Paint Your Kitchen Cabinets

Whether you use one of the DIY cabinet painting kits on the market or paint recommended by your favorite decorating blog; painting your kitchen cabinets can make your tired and dated kitchen look new, which always results in more money when you sell.

4. Replace Doorknobs, Handles, and other Hardware

Replacing doorknobs, cabinet and drawer handles and pulls, along with other hardware and fixtures like faucets helps to create a cohesive look for a high-end appearance even if you purchase your new hardware and fixtures at Wal-Mart or some other discount store! Try to stick to a similar finish on all to bring the look together.

5. Give Rooms Purpose

If you have rooms that are doing double duty and being used for multiple purposes or even just sitting empty and playing the part of a catch-all for your junk; it could confuse buyers and make it hard for them to imagine what they would use the space for. Take a weekend to tackle these rooms so that your spare room looks like a functional home office/guest bedroom and your dining room as an actual dining room instead of your makeshift craft room or office.

This Might Help Your Property Assessment Blues!

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To keep pace with rising property assessments, the BC government has raised the Home Owner Grant threshold to $1,285,000. The threshold is the maximum assessed value a property can reach to allow the property owner to claim the full Home Owner Grant.BC Assessment estimates the value of all BC homes on July 1 each year. The Ministry of Finance reviews this data and adjusts the Home Owner Grant threshold to ensure at least 95.5% of eligible home owners receive the full amount. Owners of homes valued above the threshold may qualify for a partial grant.

The basic Home Owner Grant gives home owners:

  • a maximum reduction of $570 in property taxes on principal residences in the Capital, Greater Vancouver and Fraser Valley regional districts;
  • an additional grant of $770 to rural home owners elsewhere in the province; and
  • an additional grant of $275 to seniors aged 65+, those who are permanently disabled and war veterans of certain wars.

Basic grant for 2012 – the basic grant is reduced by $5 for each $1,000 of assessed value over $1,285,000, and is eliminated on homes assessed at $1,399,000 or more.

Additional grant for 2012 – the additional grant is reduced by $5 for each $1,000 of assessed value over $1,285,000, and is eliminated on homes assessed at $1,454,000 or more.

Canadian citizens and landed immigrants residing in their principle residence are eligible for the grant.

In November 2011, the government announced plans to create a further grant of up to $275 for low-income Canadian Forces veterans with more recent service in the event they do not already qualify as seniors or persons with disabilities. Details will be announced soon.

For information on the BC Home Owner Grant program, give us a call at 604-588-4466 or send us an email at info@brokersmart.ca