Renovating a condo is limited not only by budget but also by what a condo corporation will permit. Exterior and structural changes are costly and off-limits, for the most part.

To increase condo values without over-extending your finances, here are some simple condo upgrades that add resale value.

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painting

Repaint Rooms

Though not every condo needs it, for those that do, a fresh coat of paint and repairing minor imperfections restores the walls to their original look.

Redo Flooring

Flooring can take a hit over the years. They age, stain, and crack. A major turn-off to would-be buyers. Redo flooring with a design and material that’s in line with current trends. This is a very common condo upgrade that adds value.

New Appliances

New, unused appliances are gorgeous and modern. They add a sleek look to any kitchen and are a part of any major upgrade. If your condo is over 10 years old, this is where value can decrease in terms of the kitchen layout and functionality. If that’s you, look at upgrading those appliances.

Buy New Hardware

You will want to remove anything that looks worn and used. Hardware can get this way but, fortunately, they can be very inexpensive to replace. Drawer pulls, doorknobs, light switches, cabinet handles, etc. You can choose to go with something nice and modern or classy and luxurious with bronze, ceramic, and crystal all being popular material choices.

bathroom

Redo The Bathroom

Once again, if your condo is older than 10 years, there’s a strong chance your bathroom is requiring some upgrades. Redoing the tile flooring, replacing light fixtures, fixing or replacing the bathtub or shower, and redoing the cabinets are all things that have an impact.

Upgrade The Kitchen

The kitchen is another area where some condo upgrades may be needed. Look at the kitchen cabinets and replace any broken latches. Look at the countertops and backsplash. Faucets. Lighting. Storage space. You may want to even consider some layout changes if the space is available.

Storage Opportunities

Every square foot in a condo matters. From your kitchen to your bathroom, there may be opportunities to put in more storage or to redesign space that isn’t being fully utilized. Though storage isn’t going to add as much value as a full kitchen remodel or a bathroom upgrade, condos can’t have enough in-unit storage. This will only further emphasize how efficiently designed your condo is.

Consider Your Backsplash

A backsplash can take an empty or generic-looking kitchen and add lots of colour and individuality. The drawback is that, if you’re trying to sell, you still want to keep the aesthetic relatively tame and middle-of-the-road. Therefore, a backsplash is then rendered as a more supportive element to the aesthetic you’ve already chosen between any cabinets and countertops.

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In-unit condo upgrades like these boost appeal and can help you nab the best offer for your property when it hits the market. If you’re looking to buy or sell a condo in Toronto, let us help achieve the best terms and conditions for your interests. Get in touch with Adrian + Andrea today.