WELCOME HOME: wi Deb & Michelle Able Realty IN THIS ISSUE: • Our Listings • October’s Market Stats • Pro Tips: To Reno, Or Not To Reno... NOVEMBER 2022
2 WELCOME TO REAL ESTATE: with Deb Cook Deb Cook REALTOR ABR, SRS, RENE Phone: 306.621.6495 Email: deb.cook@century21.ca Michelle Bailey REALTOR ABR, SRS, RENE Phone: 306.621.5032 Email: michelle.bailey@century21.ca & Michelle Bailey Yorkton and Melville’s ONLY team specializing in: RESIDENTIAL COMMERCIAL FARM Meeting all of your real estate needs! Outstanding Sales & Performance 2018, 2020-2021 Top Performer 2014-2018 Consistent High Quality Service 2014-2017 Confidence. Commitment. Connection. 2020-2021 Outstanding Sales & Performance 2020-2021 2020-2021 Centurion Team Award Top Performers 2021
As we head into winter, we look forward to some cozy time spent indoors...perhaps sitting around the fireplace with a hot cup of cocoa. It can be a time to experience some downtime, catching up on some reading or catching up with neglected projects.
Speaking of projects, check out our article on page 6 for some insight into which interior renovation projects in your home may offer you the best bang for your buck! Of course, if you are unsure of which projects you should complete prior to listing, we are always more than happy to come take a look around and give you some professional advice.
If you do decide on a winter project, be sure to take some before and after photos (we would love to have you share them with us - we do love to see fresh new ideas)!
Keep warm and safe everyone - we hope you have a blessed Christmas season ahead, and we look forward to catching up with you all again in the New Year!!
OCTOBER 2022 NUMBER OF ACT I V E LISTINGS 110 LAST YEAR 115 AVERAGE PRICE SOLD $224,400 NUMBER OF SOLD PROPERTIES 23 AVERAGE MARKET DAYS ON 60 : LAST YEAR $242,072 LAST YEAR 25 Able Realty Warm Hearts
WELCOME MESSAGE: 3 @DebCookRealtor @debcookrealtor @michellebaileycentury21 @m.baileycentury21 CENTURY 21 Able Realty | DEB COOK 306.621.6495 | MICHELLE BAILEY 306.621.5032
DEB COOK 306.621.6495 ON THE MARKET: 4 YORKTON $359,000 98 MATHESON CRESCENT BEDS: 5 | BATHS: 3 | SQ. FT: 1,494 $275,000 112 GEORGE AVENUE BEDS: 4 | BATHS: 3 | SQ. FT: 1,800 $219,000 39 DEERWOOD CRESCENT BEDS: 5 | BATHS: 2 | SQ. FT: 1,040 $156,900 #204 - 138 CATHERINE STREET BEDS: 2 | BATHS: 1 | SQ. FT: 806 MLS SK890115 $215,000 174 TUPPER AVENUE BEDS: 3 | BATHS: 2 | SQ. FT: 1,040 MLS SK905012 SOLD 169 DUNLOP STREET BEDS: 4 | BATHS: 3 | SQ. FT: 1,056 SOLD SOLD 217 FOURTH AVENUE NORTH BEDS: 8 | BATHS: 4 | SQ. FT: 1,148 SOLD $100,000 214 FIRST AVENUE NORTH BEDS: 2 | BATHS: 1 | SQ. FT: 700 MLS SK905819 $90,000 89 APPLETON DRIVE BEDS: 3 | BATHS: 2 | SQ. FT: 1,216 MLS SK903270 $40,000 33 APPLETON DRIVE BEDS: 3 | BATHS: 1 | SQ. FT: 1,096 MLS SK904691 $174,000 206 FOURTH AVENUE SOUTH BEDS: 5 | BATHS: 1 | SQ. FT: 1,230 MLS SK906216 $59,900 25 APPLETON DRIVE BEDS: 3 | BATH: 1 | SQ. FT: 1,536 MLS SK910225 $170,000 84 GLADSTONE AVENUE SOUTH BEDS: 5 | BATHS: 2 | SQ. FT: 1,230 MLS SK906260 MLS SK909730 MLS SK902408 MLS SK905646 SOLD SOLD
5 MICHELLE BAILEY 306.621.5032 The Listings RURAL $750,000 CHMIL FARM, RM LIVINGSTON BEDS: 3 | BATHS: 2 | SQ. FT: 1,100 $159,900 403 MAIN STREET NORTH BEDS: 2 | BATHS: 1 | SQ. FT: 784 MLS SK880992 SOLD 14 SHARP STREET BEDS: 4 | BATHS: 2 | SQ. FT: 1,040 SOLD $375,000 514 PARK AVENUE MLS SK905169 | SQ. FT: 3,400 $9.00 320 BROADWAY STREET WEST MLS SK904639 | SQ. FT: 2,601 $205,000 MCMURPHY ACREAGE, RM GARRY BEDS: 3 | BATHS: 2 | SQ. FT: 1,408 RM NO. 245 RM NO. 331 YORKTON ESTERHAZY RHEIN SPRINGSIDE SOLD 1521 DEERFOOT TRAIL BEDS: 5 | BATHS: 4 | SQ. FT: 2,048 GOOD SPIRIT LAKE SOLD MLS SK884690 MLS SK911861 $110,500 309 MONTREAL AVENUE BEDS: 3 | BATHS: 2 | SQ. FT: 1,285 MLS SK911377 SALTCOATS $19,000 420 TAYLOR AVENUE BEDS: 0 | BATHS: 0 | ACRES: 0.28 MLS SK892861 SPRINGSIDE SOLD SOLD COMMERCIAL
To Reno, Or Not To Reno...
Contrary to what some HGTV shows would have you believe, you don’t always increase the the value of your house proportionately to how much you spend renovating.
Put in a $60,000 kitchen? Sorry, but your house didn’t just go up by $60,000. In fact, most renovations won’t give you the ROI or payback that you probably expect.
There is no exact science when it comes to determining renovation value, but there are general trends and statistics that provide a baseline to work from. According to the Appraisal Institute of Canada, most homeowners can expect the following recovery rates on their renovations:
As you can see,a home reno doesn’t usually net you 100% of what you put into it. Some renovations aren’t worth your investment. On the flip side, there are renovations that will help you sell your home even if you don’t recoup the full value of the reno. Here are some additional tips:
Kitchen
This is the heart of a home. If buyers don’t like the kitchen, there is a strong possibility they will walk away. The quality of the workmanship, the style, and how that style works with the other rooms in the home are the main factors that will determine the best value.
Decor
Modern styles don’t appeal to everyone. Boho inspired styles don’t appeal to everyone. So what does? Cleanliness. As long as your room refresh provides and shows off the room’s space, you can appeal to any buyer.
Paint
Fresh, neutral tones are the best colours to use. This goes hand in hand with general style, since neutral tones help to place the focus on the room and its space. Loud colours keep the eyes focused on the walls.
6 DEB COOK 306.621.6495
Shingles
If a home has poor shingles, a buyer may not even ask to take a look at the inside. Potential leaks are a huge red flag that nobody wants to deal with.
General Maintenance and Curb Appeal
Fixing the little things in your home like loose door handles or cracked light switch covers all portray pride in ownership.
Exterior: Update lighting, lawn maintenance/edging, leaves raked, trees pruned, weeds pulled, gutters cleaned, windows washed, siding pressure washed (no cobwebs), trim painted, add in some colourful planters or a nice door mat to welcome buyers.
Removing Walls
Certain projects can help or hinder in this area. For example, removing the wall that separates two bedrooms to make one large bedroom is not always a good idea. You’ve lost value, even though you increased space. Knocking out a main floor wall to create an open concept kitchen/ living room/ dining room is a good idea. You gain value from this increased space, since they weren’t private spaces to begin with.
Windows
Unless seals are broken, just leave them. Instead, be sure that the glass and sills/trim are clean and maintained.
To Note
If you put $200,000 into your $500,000 house and the houses on your street sell for $550,000, you will have a hard time selling your house for the price you want. Every house on every street has a maximum price, no matter what’s happening inside. If your renovation goal is for your own enjoyment, then go for it! Just recognize that buyers may not see any value in a $20,000 sound system you installed, or the $5,000 hot tub on the deck.
