What is sweat equity?

Sweat equity is the unpaid labour and project management skills that you put into a home renovation or rehabilitation. If you have the skills to do professional-level work, your unpaid labour is a way to increase equity.

DIY or do some yourself

Attention handypersons and tradespeople! These homes may need TLC, renovations, and rehabilitation. Limited skills? Work as an assistant to your contractor by doing site prep, cleaning, and being the building supply go-for.

Get rewarded for work

Renovations can drastically improve the value of a home. Paint, flooring, IKEA kitchen cabinets, and landscaping are some of the most common DIY fix-ups that homeowners can do on their own or with the supervision of a contractor.

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For sale $295,000
11 COATES Street, walkerton, Ontario

11 Coates Street

Walkerton, Ontario

3 Bedroom 2 Bathroom 1000
For sale $1,149,900
156 DUNLOP Street W, barrie, Ontario

156 Dunlop Street W

Barrie, Ontario

6 Bedroom 5 Bathroom 1790
For sale $550,000
18 EDWIN Street E, meaford, Ontario

18 Edwin Street E

Meaford, Ontario

3 Bedroom 2 Bathroom 1500
For sale $499,900
084470 SIDEROAD 6, meaford, Ontario

084470 Sideroad 6

Meaford, Ontario

3 Bedroom 1 Bathroom 1120.2400
For sale $249,000
777025 10 Highway, holland centre, Ontario

777025 10 Highway

Holland Centre, Ontario

1 Bedroom 875
For sale $265,000
10498 118 Highway, algonquin highlands, Ontario

10498 118 Highway

Algonquin Highlands, Ontario

For sale $1,699,000
401066 GREY ROAD 17 Road, georgian bluffs, Ontario

401066 Grey Road 17 Road

Georgian Bluffs, Ontario

For sale $529,900
100 SELENA Drive, mcmurrich/monteith, Ontario

100 Selena Drive

Mcmurrich/monteith, Ontario

2 Bedroom 1 Bathroom 818
For sale $1,099,000
1334 LITTLE CHUTE Lane, severn, Ontario

1334 Little Chute Lane

Severn, Ontario

3 Bedroom 1 Bathroom 769
For sale $1,800,000
4019 MUSKOKA ROAD 169 Highway, glen orchard, Ontario

4019 Muskoka Road 169 Highway

Glen Orchard, Ontario

1 Bathroom 6400
Sweat equity properties for sale in Collingwood

Create value with sweat equity

Every renovation project has its rewards and risks. When you manage the project yourself, extra care is required to ensure a quality job. A sweat equity project can be small or large. Simple cosmetic upgrades yourself can add thousands to the value of your home. At the other end of the scale, a major renovation may cost more in time and money than the house will be worth when it’s finished. When looking for sweat equity projects, consider some of these ideas.

Get organized! Inexpensive closet rack systems can make a small closet seem larger. In the kitchen, converting to a smart IKEA cabinet set gives you the opportunity to rearrange and make things more efficient.

Visit the ReStore to find like-new or re-usable items at a fraction of the cost for new. Home building stores will sometimes donate returned items instead of reselling them. Items such as light fixtures, sinks, doors, and windows are among the treasures you’ll find at ReStore. If you’re removing old fixtures, call them for free pick-up service and avoid tipping fees at the dump.

Do the demo and finishing work yourself to save some money. Removing drywall yourself to prep a site for your contactor can save a lot of money. Ask your contractor what you can do to help them reduce time and expense on the job. Finishing work such as trim or molding can be done by a homeowner with a minimum of training and tools.

With some planning and foresight, you can save money and build equity by doing some or all the work yourself. Questions about buying a home that needs some work? Contact us today for more information.

Ask us how to create home equity