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5 Qualities that Increase the Value of Richmond Hill Homes

Some of the most prominent qualities that increase the value of Richmond Hill homes are of course location and neighbourhood—but since the location and neighbourhood of your Richmond Hill home are uniquely yours (and unchangeable), allow us to let you know about the 6 other top qualities that increase the value of Richmond Hill homes…

Bed-to-Bath Ratio

The first thing a homebuyer looks at—after the price tag of your home—is the amount of bedrooms and bathrooms, and the further apart those numbers are the worse your home will fair on the market. The simple truth is, in our modern society, we like private and ensuite bathrooms—we don’t like crowded counter space and waiting for our older teenage brother to to vacate the washroom. One of the top qualities a home can have is numerous bathrooms. Ideally, two is better than one, three is better than two and four…

If your home has a limited number of bathrooms but enough space for one more small 2-, 2.5- or 3-piece bathroom—it may be well worth the investment to add another bathroom.

Heating & Air Conditioning

Homeowners—largely at the urging of their realtors, understand the value of HVAC systems. The newer and the more energy-efficient—the better. Age isn’t the only determinant factor though, the current condition is also a factor.

Appliances

Appliances included in the home’s sale are a huge bonus for the average homebuyer. Despite their actual value, appliances included in home sales are often valued higher than they are actually worth in terms of their actual market value. Stainless steel appliances are currently all the rage, as are energy-efficient ones and appliances with all the bells and whistles like built-in water filter in fridges and ‘smart’ appliances. Speak with your realtor (or the Wan Team if you aren’t currently under contract with another agent) about what value your appliances will add to your home—and whether it is in your favour to include them in the sale, or take them with you when you leave.

Kitchen

Updated and/or upgraded kitchens are practically worth their weight in gold. Kitchens are the most important room in the house in terms of real estate, so if your kitchen isn’t exactly paved in gold, high-value kitchen upgrades will be worth the temporary inconvenience.

Storage

Storage is always an issue in home buying. It’s like pizza—there’s never enough. If you have any free space in your home, upgrade it to ‘storage’ area by adding organizers, doors, separators and whatever else it takes to turn unused space to usable, convenient storage.

Multiple Seating Areas

Richmond Hill citizens are largely community-oriented, church-going and family event-hosting types—so cater to this by offering multiple seating areas in your home. This can mean an elaborate dining room and additional areas like ‘outdoor-living’ patio areas and large living rooms.

Every neighbourhood in Richmond Hill is unique. And while it may have its own intrinsic real estate value, it caters to specific age, cultural and religious groups—so know who is buying in your area before you begin renovating.

The above 6 qualities that increase the value of Richmond Hill homes are just the tip of the real estate iceberg. For more detailed advice on how to increase the value of your for-sale Richmond Hill home, call the Wan Team today.

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