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Why make Home Upgrades?
After a challenging 2024 for many Home Sellers, I know some of you will be looking to try again in Spring & will be looking for an edge!
With interest rates predicted to reduce further, the Kelowna Real Estate market is hoping for the Spring season to be busier. So, this winter could be the perfect time to make some home upgrades to attract those buyers.
Here are ten potential home upgrades, with guides on costs and why they are important to Buyers.
1. Upgrade or Service Your Furnace
Buyers want a move-in ready home, and heating systems are high on their Home Upgrades checklist. Consider replacing your furnace with a high-efficiency model if it is over 15 years old. Not ready for a full replacement? A professional tune-up and documentation of recent maintenance can reassure buyers of its condition.
Estimated Cost in Kelowna: Replacement: $5,000 to $9,000 or Professional Tune-Up: $200 to $400. Sample Costs for a Gas Furnace Link: Home Depot
Why It Matters: Energy-efficient systems lower utility costs and align with the growing demand for environmentally conscious homes.
2. Replace an Aging Hot Water Tank
Hot water tanks typically last 8-12 years. If yours is nearing or exceeding this age, upgrading to a tankless water heater or a high-efficiency unit can be a strong selling point. These systems save energy and provide continuous hot water, a feature buyers appreciate.
Insurance Note: Be prepared for the Buyer to ask for this in their Home Updates list, as many Insurance Companies will not insure Hot Water Tanks more than 10 years old.
Estimated Cost in Kelowna: $1,500 to $4,000 for a standard tank; $3,000 to $6,000 for a tankless system.
Sample Costs of Hot Water Tank Link: CE Plumbing and Heating
Pro Tip: Keep receipts and warranties for any replacements to build buyer confidence.
3. Install Modern Lighting Fixtures
Winter days can be dark and dreary, so bright, stylish lighting can make your home feel warm and inviting. Replace dated fixtures with modern LED options to improve energy efficiency and aesthetics.
Estimated Cost in BC: $100 to $2,500 depending on the fixture and complexity of installation.
Why It Works: Buyers often associate updated lighting with overall care for the home.
4. Address Roof Issues
If your roof is over 20 years old or shows signs of wear, it’s time to act. Replacing or repairing shingles, fixing leaks, or even adding a roof certification can significantly enhance buyer confidence.
Estimated Cost in Kelowna: $8,000 to $20,000 for a full roof replacement; $1,000 to $3,000 for repairs.
Kelowna Insight: With our winter weather, a sturdy, well-maintained roof is non-negotiable for buyers.
5. Focus on Curb Appeal – Even in Winter
Don’t let the season deter you from showcasing your home’s exterior.
Consider:
– Fresh paint on the front door.
– Upgrading house numbers and outdoor lighting.
– Adding planters with winter greenery for a pop of colour.
Estimated Cost in Kelowna: $100 to $1,000 for minor updates.
Buyer Perspective: I can’t emphasise enough how first impressions matter, and these small upgrades show pride of ownership.
6. Add Smart Home Features
Modern buyers love tech-savvy homes. Installing a smart thermostat, smart locks, or even a security system can set your home apart.
Estimated Cost in Kelowna: $300 to $3,500 depending on the number and type of devices.
Pro Tip: Highlight these features in your marketing to appeal to these tech-oriented buyers.
Sample of Smart Home Devices from PC Mag 2024: Best Smart Home Devices
7. Refresh the Kitchen with Minor Updates
A full Kitchen renovation should be strongly considered if the Kitchen is more than 15 years old. If this is not practical smaller updates like replacing cabinet hardware, adding a new counter & backsplash, or upgrading to energy-efficient Stainless Steel appliances can make a big impact.
Estimated Cost in Kelowna: $500 to $10,000 depending on the scope of updates. Full replacement of a mid-size Kitchen $25,000 – $75,000. Link: Nerdwallet Kitchen Reno Costs 2024
Why It’s Key: The kitchen is often the heart of the home, and buyers want to see a space that feels updated and functional.
8. Modernize the Bathroom
An average bathroom, if well-installed and well-maintained should last around 10 years. If yours is older then Winter is an ideal time to refresh bathrooms with new faucets, light fixtures, or a fresh coat of paint. If the budget allows, consider replacing an old vanity, & counter or adding extra storage.
Estimated Cost in Kelowna: $1,000 to $10,000 depending on the updates. Average Bathroom Full Replacement $5,500-$15,000. According to Home Guide: Link
Kelowna Note: Heated floors are a luxury feature that buyers will notice and appreciate during colder months.
9. Improve Energy Efficiency
Buyers in Kelowna are increasingly looking for homes that reduce their environmental footprint. Consider:
– Adding or upgrading insulation.
– Sealing windows and doors.
– Installing low-E windows if replacements are needed.
Estimated Cost in Kelowna: $1,000 to $20,000 depending on the scope of work. Windows range from $350 to $850 per window.
Bonus: These upgrades often come with government rebates, which can help offset costs.
Link: How to make your Home more energy efficient
10. Home Upgrades: Paint and Refresh Interior Spaces
Neutral tones like grey, beige or soft whites create a clean slate for buyers to envision their own style. Touch up scuffs and consider repainting rooms with bold colours that may not appeal to everyone.
Estimated Cost in Kelowna: $500 to $10,000 depending on the number of rooms and quality of paint.
Why It’s Worth It: Fresh paint gives the impression of a well-cared-for home.
Link: HGTV The best paint colours to sell your home
Home Upgrades: Final Thoughts
By focusing on these strategic upgrades, you’ll not only enhance your home’s appeal but also increase its value in the competitive spring market.
Buyers in Kelowna and across British Columbia are very price-conscious & aren’t looking to take on high-cost renovations at this time. They want homes that feel modern, efficient, and move-in ready— so winter is the perfect time to make these changes.
Need personalized advice on how to prepare your home for sale? Contact me, Trish Cenci, at 250-864-1707 or via my Website
Let’s get your home ready to wow spring buyers!
Home Upgrades Disclaimer:
The estimated costs and links to suppliers are for guidance only. Prices may vary based on factors such as location, scope of work, and the provider. It is recommended to contact appropriate professionals or suppliers for accurate quotes tailored to your specific needs.
