When you declutter your home, there will be a lot of stuff you’ll want to throw away, donate, or give to a friend. While it’s easy to get caught up in the process, you may be literally throwing money away.
In fact, many homeowners are sitting on unique, rare, or highly-desirable items that can fetch top dollar on the market or at auction – whether they know it or not. So how can you tell?
If you’re planning on clearing out your belongings in the near future, working with an experienced, well-connected real estate team is the most efficient method of uncovering and taking advantage of hidden wealth in your home.
To us, Rightsizing means taking a proactive approach to creating a living space that’s perfect for you, at any stage of life. Click here to download our ultimate rightsizing guide.
A Refined Approach to Decluttering
Whether you’re merging households with a partner, downsizing to a smaller place, or simply making more room in your home, decluttering is a simple yet effective way to optimize your space. For some homeowners, this process is accompanied by other tasks and responsibilities, such as getting ready for a move. During these busy life events, it’s easy to rush through the process of decluttering with little thought for what is being thrown away, donated, or added to the garage sale pile.
The process of sorting, itemizing, and clearing out your belongings can be enjoyable and even cathartic. That being said, decluttering also provides a unique opportunity for identifying high-value items well-suited for a formal auction. A patient and refined approach to bestowing or discarding your belongings can ensure you don’t accidentally get rid of something that may be holding equity.
Ready to begin your rightsizing journey? Explore these blog posts for helpful real estate tips.
- A Guide to Interim Occupancy in Toronto
- Top 5 Toronto Neighbourhoods For Empty Nesters
- What to Expect From Rightsizing
Uncovering High-Value Assets
While your home is undeniably your largest investment asset, you may be holding other items of notable equity too. During the decluttering process, effectively discerning which of your possessions are fit for auction or resale is an important step in uncovering hidden wealth in your home. Common high-value items include watches and timepieces, works of fine art, rare automobiles, wine, pottery, and other relics.
In our years of working with Toronto homeowners, we’ve helped a great deal of our clients identify untapped equity in previously under-considered belongings. In addition to items you’ve personally invested in over the years, you may be sitting on other expensive non-purchased possessions such as gifts or chattels. Particularly in Toronto, where many homes are more than a century old, you may find unique antiquities hiding in plain sight. In this same vein, heirlooms, hand-me-downs, keepsakes, and other items passed onto you may also hold strong market value.
Sotheby’s International Realty Canada + Silver Burtnick & Associates
In conjunction with our exclusive affiliation with Sotheby’s International Realty Canada, Silver Burtnick & Associates has a close-knit relationship with Sotheby’s Auction House. A global icon in curating, selling, and marketing luxury items, Sotheby’s Auction House is the forefront name in luxury.
Should you identify an item of interest during your decluttering process, we’re able to leverage this relationship to ensure you reap and recover any previously underutilized wealth in your home.
Beginning with a strategic appraisal, our discerning experts provide market-informed estimates and guidance. Using these insights we’ll put together an action plan to help you maximize your return, whether that be a public auction, private market transaction, or another method of sale.
Searching for more investor-focused resources that can help you build personal and generational wealth? Check out these blog posts.
- Building Equity in Luxury
- Best Toronto Neighbourhoods to Invest In
- Maximizing Your Return on Investment With Staging
Guiding You Into Your Next Chapter
As an experienced and collaborative real estate team, we can help you navigate the process of decluttering your home. We’ve helped countless clients strategically clear out their belongings and capitalize on the sale of high-value items, on top of achieving their overarching real estate goals. Whether you’re looking to downsize, upsize, buy, sell, or do something different, we can help you find success.
Looking to capitalize on high-value antiquities, art, automobiles, or other assets in your possession? As experts in all things luxury, our team would be happy to advise you. Get in touch.
