Things Ottawa Buyers May Notice #33 – Sweat Equity

Posted on April 9, 2010 
Filed Under Things Buyers May Notice, Valerie Zinger

With housing being one of many investment opportunities, some Buyers are in the market for more than just their housing needs.  On recent forays into “handyman specials” it is clear that there is a market for those with skills and determination to get a house to fix up for increased future value.  

Buyers are getting more and more savvy, thanks to the shows on TV, about spotting a house that has been cosmetically improved but the basics were not touched.  No matter how wonderful the paint colours, most informed Buyers will have a house inspector ensure that the house is safe and sound.  As such, it is important for investment Buyers to prioritize the projects, put in some sweat equity and improve the house to the point of getting a decent Return on Investment.

Address the fundamentals first:  foundation, HVAC, windows, roof.   Look at energy conservation.  Good windows and improved insulation may not be glamourous but they are key.  Keep all the permits and receipts.  Buyers want to see that good quality work has been done and that any warranties go with the house.

Photo Credit:  Shacks at Low Tide @ http://www.flickr.com/photos/braydawg/174567361/

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