Modernizing your condo is a fantastic way to breathe new life into your home, creating a more comfortable, functional, and visually appealing space.
Whether you’re looking to enhance your condo’s aesthetics, improve functionality, or incorporate the latest technology, we’ve got tips to help you spruce up your Toronto condo.
Weighing the pros and cons of upgrading your condo vs moving? Click here to read our blog about the advantages and disadvantages of older condos in Toronto.
Why Modernize?
Comfort & Livability:
One of the main reasons why condo owners choose to upgrade their space is for comfort. Toronto has a lot of great older condo buildings, many of which offer spacious units. By making a few select improvements, you can make your condo better suited to your needs and tastes. In turn, this can help you get greater longevity out of your condo, delaying the need to move or relocate.
Boost Your Property Value:
In addition to making your condo feel more like home, modernizing can also help you boost its value. When you choose to sell down the line, the rejuvenations you’ve made will help your unit stand out from others on the market.
Looking for more condo-focused insights? Check out these other blog posts.
- Buying a Condo? Here’s What You Need to Know About Status Certificates
- A Condo Buying Guide For Millenials
Before You Start
While upgrading your condo can be an exciting process, it’s important to highlight what steps you must take before getting started.
First and foremost, any modernizations that you make to your condo must be approved under the condo bylaws. For larger projects, you will need to receive direct approval from the condo board or corporation.
Like any type of home renovation, it’s important to recognize that some of your ideas may not be possible – either due to regulatory restrictions, budget constraints, or practicality. While frustrating, it’s important to accept any restrictions your condo board or corporation may impose as they impact the safety and interests of other residents in the building.
Think About Your Needs
Before embarking on the journey to modernize your condo, take a step back and evaluate your space. Consider your current needs, lifestyle, and preferences.
Are you aiming to create a more open and spacious feel? Are there particular areas that need a functional overhaul, such as the kitchen or bathroom? Setting clear goals will provide a roadmap for your modernization project.
Budget Carefully
You’ll also want to carefully consider what upgrades you can afford to make. While some modernizations will pay themselves off when you sell, not all projects will have the same degree of ROI.
With this in mind, you should also consult a local real estate agent before making any improvements to your condo (along with your condo board and corporation). As an expert in home values, they can help you determine which projects will suit your budget and how they may pay off down the road.
Hoping to buy a condo? Check out these other posts from our blog.
- What to do if Your Pre-Construction Condo is Delayed
- A Condo Buying Guide For Millenials
- Everything You Need to Know About Interim Occupancy in Toronto
Inspiration For Your Modernization
Natural Light & Fixtures
Lighting plays a pivotal role in modernizing any living space. Consider replacing outdated fixtures with contemporary alternatives that offer both functionality and style. Incorporate a combination of ambient, task, and accent lighting to create depth.
Smart lighting systems, equipped with adjustable brightness and colour settings, can add a touch of modern sophistication to your condo. Not to mention, there are plenty of eco-conscious lighting options that can help you save on energy costs.
Smart Home Technologies
As real estate agents in Toronto, one of the most popular methods of home modernization we see is the embrace of new and innovative technologies. Transform your condo into a smart home by integrating devices such as smart thermostats, automated blinds, voice-controlled assistants, and smart appliances.
Sleek Storage
Sleek, clutter-free living spaces are a cornerstone of modern interior design. Not only do effective storage solutions help you maintain an organized living space, but well-designed contemporary furnishings like built-in shelving, multi-functional furniture with hidden compartments, and wall-mounted storage units can keep your condo looking stylish.
Looking to modernize your Toronto condo or buy something new? As knowledgeable and locally leading real estate agents, we can help. Call us at 416-587-3300 or click here to send an email.
