The Top 4 Things Toronto’s Homebuyers are Looking For
Pools are out and practicality is in!
The must-have list for the average Toronto homebuyer has gotten less flashy in recent years. They’re no longer looking for showy items like fireplaces or pools. They’re opting for more pragmatic things like energy-efficient appliances.
This is mainly due to Toronto’s always-competitive housing market. People want the most possible value for their dollar. At the same time, the popularization of home-reno and “flipping” TV shows has made adding the more decorative touches after the sale seem a lot more doable.
If you’re selling a home in Toronto, here are some of the boxes you’re going to want to tick on a homebuyers’ list.
Lots of Storage
This typically unsexy item is more in-demand than it’s ever been. People are placing a high value on walk-in closets and 2-car garages these days.
The 2-car garage is particularly key, as it gives homebuyers enough space to store their vehicles, lawn equipment, and sporting goods, while still giving them enough room to use the space as a workshop.
Also, a great 2-car garage door adds a lot of curb appeal. If you’re looking to sell your home, we can help you get an attractive custom garage door in Toronto today and update your home’s façade.
Homebuyers are more energy conscious than ever and they’re willing to pay more for a “green” home. This is particularly true of younger, first-time buyers.
A recent survey revealed that:
- 68% of first-time buyers want an environmentally friendly home
- 46% of them would pay an extra $1,000 to $9,999 to save $1,000 a year on utilities
- 37% would pay $10,000 or more
These buyers are looking for LED lighting, ENERGY STAR® appliances, as well as airtight windows and doors. However, not enough homebuyers are looking at the would-be home’s garage door. This massive surface takes up about a third (or more) of your home’s front façade, which gives it huge heat loss potential.
This means that if you want to brag about energy-efficiency and low utility bills, you had better make sure your garage door isn’t damaged. Ensure it still makes a nice, tight seal when it closes. We have been Toronto’s authority on overhead door repair for 60 years and we would be more than happy to take a look at it for you.
Or, you can take things a step further by installing a new insulated garage door. An insulated door will give you a much higher R-value than a standard door. They do a far better job keeping the cold weather out during our cold and wet winters, while keeping the heat and humidity out during the GTA’s sweltering summers.
One thing will always be true in Toronto real estate: The kitchen can be a closer. Trends may come and go. However, people will always want a nice place to eat and prepare their meals.
Today’s homebuyers are looking for the energy-efficient appliances we mentioned earlier. They’re also looking for the kitchen to connect to the living room and den areas, so they can keep an eye on the kids while they cook.
Also, granite is out and quartz is in when it comes to your kitchen countertops. For years, granite was the go-to and in-demand countertop for kitchen upgrades or new-builds. Now, you may have more luck if you add the words quartz to your listing.
You will also find that some smaller and less expensive decorative touches like new cupboard handles and fixtures can have a surprising impact on creating a high-end look on a relatively modest budget.
The sky-high prices in the downtown core have a lot of buyers looking a bit more east and west of the city. Prices drop gradually as you travel further away from the middle of the city, which means you can likely get a bigger home for less money if you don’t mind a bit of a drive to work.
This is making areas like Pickering and Mississauga more attractive for Toronto homebuyers who are seeking to become Toronto commuters.
However, your home still needs to meet all the criteria we listed above. So, if you’re selling a home in these areas, you may want to click here to contact Mississauga’s most trusted source for custom garage doors too find out what’s possible. If you’re in Pickering, we invite you to read up for more info on replacing and fixing your garage door.
Also, if you have installed an insulated garage door, you’re making it possible for homebuyers to use the garage for more than just storage space. They can add more living space and convert their garage into a yoga studio, home office, workshop, or home gym. They may even be able to convert the loft above the garage into a guest bedroom.
None of those garage conversions are realistically doable with an old (and non-insulated) garage door. The GTA’s summers are too hot and the winters are too cold to live comfortably in a non-insulated room. You would be constantly fighting to regulate the temperature in there, while opening sky-high utility bills every single month.
We Can Help You Sell Your Home
Upgrading your garage door can really add to your home’s curb appeal and energy-efficiency. This can help you sell your home faster and potentially increase the selling price.
For the last 60 years, we have built our reputation based on trust and providing exceptional customer service. We’re proud that the Dodds name is synonymous with quality in the GTA.
How can we help you? Feel free to click the chat window below to ask us anything. Or you can call us at 1-877-503-6337.