Blogs
Renovate or Sell As-Is? A Milton Homeowner's Guide to Making the Right Decision
Renovate or Sell As-Is? A Milton Homeowner's Guide to Making the Right Decision When it’s time to sell your home, one of the most common dilemmas is whether to renovate before listing or sell the property as-is. The decision can impact both your selling price and how quickly your home moves off the market. This guide will help Canadian homeowners—especially those in Milton, Mississauga, and surrounding areas—determine which approach works best for their situation. 1. Assess the Current Market Conditions Understanding the real estate market in your area is crucial. Market conditions can determine how much value renovations will actually add. Seller’s Market: If demand is high and inventory is low, homes tend to sell quickly. In this scenario, buyers might be less concerned about minor cosmetic issues, so major home improvements may not be necessary. Buyer’s Market: When there are more homes available than buyers, competition increases. In this case, strategic renovations can make your property more appealing and help sell your home fast. 2. Evaluate Your Home’s Condition Your home’s current state matters when deciding to renovate or sell as-is: Minor Repairs Needed: Focus on small, inexpensive fixes like painting walls, patching holes, or replacing outdated fixtures. These can quickly improve your home’s appeal without major costs. Major Repairs Needed: If your home needs significant structural or system repairs (e.g., roof replacement or plumbing fixes), selling as-is might be better unless you’re willing to invest time and money. 3. High-ROI Renovations in Canada Not all renovations offer the same return on investment (ROI). Below are some of the most common upgrades Canadian homeowners can make, along with their average ROI: Renovation Average ROI Kitchen Remodel 75-100% Bathroom Remodel 70-78% Interior Painting Up to 60% Flooring Replacement 100-150% Window Replacement 75-80% These high-ROI renovations increase both the perceived value of your home and its marketability to potential buyers. Kitchen Remodel: 75-100% ROIUpgrading countertops, cabinets, and appliances can significantly boost buyer interest and increase your sale price. Bathroom Remodel: 70-78% ROIModernizing bathrooms with updated fixtures, new tiles, or improved lighting is another high-return project. Interior Painting: Up to 60% ROIA fresh coat of neutral-colored paint can make your home look well-maintained and ready to move in, appealing to a wider range of buyers. Flooring Replacement: 100-150% ROIReplacing old, worn-out flooring with modern options like hardwood, laminate, or luxury vinyl plank can transform the look and feel of your home. Window Replacement: 75-80% ROIInstalling energy-efficient windows not only improves aesthetics but also appeals to eco-conscious buyers looking to save on energy costs. 4. Calculate Costs and Returns Before committing to any renovation, get estimates from contractors to understand the total cost. Then, consult a local Realtor who can provide insight into how much these improvements might increase your sale price. This will help you decide whether the renovation is worth the time, effort, and money. 5. Time vs. Convenience Time is a major factor in your decision. If you’re in a hurry to sell or don’t want the hassle of renovations, selling as-is may be the best route. On the other hand, if you have time and resources, making selective upgrades can boost your home’s value and attract better offers. 6. Get Expert Guidance Every home and market is different, so consulting a local expert is key. As a local Real Estate Agent, I've been helping clients in Milton, Mississauga, and the surrounding areas for 12 years, guiding them through decisions like these. Plus, being married to an excellent contractor means I can help you assess whether renovations are worth it—or if it’s better to sell as-is. Renovating or selling as-is doesn’t have to be a stressful decision By evaluating your home’s condition, understanding the market, and consulting with the right professionals, you can make a choice that maximizes your profit and minimizes your stress. Thinking about selling your home? Whether you’re unsure about renovations or ready to list, I’m here to help. Reach out today for personalized advice tailored to your home’s unique situation.
Milton MLS® Listings and Real Estate for Sale
Are you looking for properties in a specific price category or bedroom type (house, town or condominium) in the greater Toronto area? If you are tired of searching through hundreds of homes on the MLS, then reach out to our team. We will curate a list of properties for sale in Milton, so you will only be sent homes that match what you’re looking for, saving you a significant amount of time from sifting and sorting through so many listings for sale that you aren’t interested in. Real Estate Market Did you know some homes in Milton never even make it to the MLS®? That’s right, but as Real Estate Professionals, we have access to exclusive and off-market opportunities for residents. If you are searching on google for homes for sale in Milton, you may never find some of these homes for sale or lease as they are not listed on the MLS®. Neighbourhoods Milton real estate offers many unique communities and styles of housing. Whether you’re looking for bungalows, townhouses, or you desire a maintenance-free lifestyle and are searching for the best condo in Milton. Milton has a lot of offer in its different neighbourhoods. Those with a classical taste will want a Victorian or historic home in Old Milton. You can also find a comfortable place to live for your family in Timberlea, a place popular for young families desiring larger backyards and pools. For condos, there are lots of options around town. Want a condo with a concierge? Check out the Art on Main condos on Main street in Milton. Looking for a newer home? There are plenty of options. Milton is growing with new construction constantly happening, and the neighbourhoods are expanding with new schools, houses and shopping. Population Milton has consistently grown over the years. The 2021 census released by Statistics Canada revealed that since 2016, the Town of Milton has grown by a total of 20.7 percent, bringing the population to 132,979 from 110,128. With targeted numbers of 238,000 by 2031 and 335,000 by 2051. This puts Milton as one of the places to grow in Ontario, and its location, proximity to Toronto and other cities and easy highway access make Milton a place people prefer to call home. You should come to Milton on the weekend and drive around the neighbourhoods to get to know the area. If you want to visit homes for sale in Milton, we can arrange a Tour of Homes in Milton, and you can be tourists in your potential new hometown for a day. Local Scoop Milton is a culturally diverse town. There are many delicious restaurants in Milton available, from Caribbean jerk chicken, to Portuguese BBQ to Indian and Pakistani and authentic Asian dishes. Families and kids enjoy dining in numerous family-oriented restaurants in and around the town. Milton has many parks and is well known for beautiful Conservation lands and hiking trails. Milton’s downtown core is the place to be. If you want that small-town charm, you must head to downtown Milton. On Saturday mornings, from spring to fall, you will find the Milton farmers market, a bustling and lively place to be in town. Parents bring their kids, and you can be sure to get a smile from a stranger, as Milton is a friendly place to live. Plus, there are many homes for sale in Milton. You can choose the property type, elementary schools, and professional services you want all close to home. Commuting to Toronto We continue to have many people move from Toronto to Milton. While living in the city offers a different lifestyle, many people still search out a slower pace of life yet don’t want to leave the proximity to Toronto, and Milton is a great compromise as Milton is located close to Toronto. For those who need to commute daily, there is easy access to the Go Train and highway access as well to get you to the largest city closest to Milton, which is Toronto. Real Estate Trends Since the peak of the market in February 2021, Milton’s real estate market has softened, as have all markets in the Greater Toronto area. Milton continues to remain an affordable option when compared to Toronto Real Estate. Milton Real Estate is found on two different real estate boards. The Toronto Real Estate Board and the Oakville Milton Real Estate Board. According to the Canadian Real Estate Association, ” The overall MLS® HPI composite benchmark price was $1,242,400 in October 2022, a decline of 9.8% compared to October 2021″ The data shows that the market is entering more into a more balanced market territory, although we aren’t quite there yet. If you have the idea to buy a home in Milton, you will want to identify real estate professionals who work and live in the area. Realtors that work with brokerage firms in Milton, Ontario, will have access to the highest concentration of information as they can account for living and working in town. If you are going to make a large purchase, such as buying a home, working with Realtors® who are also community members, will save you a lot of time spent trying to search and narrow down a location or neighbourhood to call home. With guidance from a REALTOR® that works and lives in the area, they can help you create a plan, obtain your finance approval by connecting you to trusted mortgage professional services and make sure you get access to all the data and houses for sale in Milton so you can make an informed decision on the home you want to offer on. How do I search for homes for sale in Milton, ON? Well, that is very easy to do. If you aren’t ready to connect with a REALTOR® yet, you can search all homes in the Greater Toronto area on our site here There you can search for houses from Milton, Toronto, Oakville, Mississauga, Halton Hills and more. All you have to do is register on the site and sign in, and you will have access to set up the home search as you like. You can search for houses for sale in Milton on the site and have homes for sale emailed to you daily. You can even search sold properties as well if you want to know the date and price of a home that has sold. This allows you to be in control of your home search. That is one way you can search for homes. If you prefer to save time and really narrow down your home search, then you may connect directly to a Real Estate Professional who can focus your search for you and even advise you of houses for sale that are not on the market yet. We would love to help you search for your next home. You can book a discovery call with us at our calendly link
4245 Sawmill Valley Drive
SOLD! Entertainer’s dream backyard! Located in the heart of Erin Mills, close to parks, schools and shopping. This gorgeous renovated home features 3 bedrooms, 2 full bathrooms, and a fully finished basement, with high-end upgrades throughout. Step inside and find a good-sized front living room with hardwood floors and a large window. Heading to the back of the house, you will find a beautifully renovated white eat-in kitchen with stainless steel appliances, kitchen island with a wine rack and direct access to the backyard. The private backyard is like no other, featuring a hot tub, TV, fireplace and a spacious outdoor kitchen with beautiful stone work. Perfect for cooking up a delicious summer meal with friends and family. Upstairs the primary bedroom features a large closet and semi-ensuite access. The basement is fully finished and features a 4-piece washroom, generous-sized laundry room, and a separate entrance. Don’t miss out! This could be your door to a bright new beginning. $1,100,000.00
Categories
Recent Posts
