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Best new home upgrades to increase the resale value of your home

“Always pick your yard based on your Summer lifetstyle.”

~ KARL

December 4, 2017 - Karl Yeh

Deciding which new home upgrades to include is important, especially if you looking at increasing the resale value of your house in the years ahead. In this episode, we look those key upgrades and why those increase home value for resale.

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Transcription:

Hi everyone. and welcome to another edition of Home Buyer's School. Today I'm joined by Jessica McNabb, Area Manager with Brookfield Residential.

Today the question we're going to answer is:

What new home upgrades have the biggest effect on resale value?

Jessica McNabb:                 

So a lot of times people are looking at upgrading the backyard, so the deck and the landscaping, so those are things that can be included in a mortgage.

And then in terms of the flooring and the countertops, [00:00:30] those are important for resale value just because they're typically hardwood or granite that you can include and when people are going through the home, that's kind of a main feature that upgrades the entire feel of the home.

And then really in terms of, not necessarily an upgrade, but just in terms of resale value, having three bedrooms is more important than having two bedrooms.

Karl Yeh:                           

Would that be something where you know, the house has two bedrooms, but I have an opportunity to renovate, to turn into three bedrooms, is that something that I would consider looking at?

Jessica McNabb:                 

Yeah, it definitely could and then that speaks to maybe doing the [00:01:00] basement renovations for added value to a resale home.

Karl Yeh:                            Okay.

Jessica McNabb:                 

And so adding that basement and bedroom to the basement would be an option.                          

So why do people pick deck and landscape? What are some of those reasons why you include that?

Jessica McNabb:                 

For sure. So it adds to your livability of the home.

So you would be able to utilize that in the summer instead of having to go into the front yard, you have access in the back yard.

Karl Yeh:                            

To the back yard, yeah. Yeah, yeah. Anything, any other upgrades that we should be thinking about? In terms of resale value?

Jessica McNabb:                  I think we've covered it.

Karl Yeh:                           

[00:01:30] Perfect. Well, thank you very much everyone for joining us. Thank you Jessica. And we'll catch you next time.

 

Your turn:

Let us know if you have additional home buying or selling questions that we can answer by submitting them in the comments section below. 

Homebuyer's School publishes new content weekly so subscribe or check back regularly for the latest information, strategies and tips from homebuying experts. 

About Jessica McNabb:

University of Alberta: Bachelor of Science in Registered Nursing 2011 McConnell Place North Alzheimers Care Centre 3 Years - Client Care Leader Brookfield Residential 6 Years - Area Sales Manager Sold over 200 Homes

While a career in Nursing was extremely fulfilling, I also wanted to explore a career in home sales. After 6 years of being in the New Home Sales Industry, I still feel the same sense of fulfillment through taking clients from start to finish building their home.

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