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 $299,900
392 HANNAH Street, midland, Ontario

392 Hannah Street

Midland, Ontario

2 Bedroom 1 Bathroom 850
For sale $385,000
116190 GREY ROAD 3, chatsworth, Ontario

116190 Grey Road 3

Chatsworth, Ontario

2 Bedroom 2 Bathroom 1590
For sale $639,900
1452 GILL Road, midhurst, Ontario

1452 Gill Road

Midhurst, Ontario

4 Bedroom 3 Bathroom 1120
For sale $845,000
2506 KATHRYN Road, innisfil, Ontario

2506 Kathryn Road

Innisfil, Ontario

3 Bedroom 2 Bathroom 1200
For sale $399,900
20 LAWSON Lane, waubaushene, Ontario

20 Lawson Lane

Waubaushene, Ontario

2 Bedroom 1 Bathroom 564
For sale $449,900
1654 VIKING MARINA Road, waubaushene, Ontario

1654 Viking Marina Road

Waubaushene, Ontario

2 Bedroom 1 Bathroom 620
For sale $849,000
457 SILVER BIRCH Drive, tiny, Ontario

457 Silver Birch Drive

Tiny, Ontario

3 Bedroom 1 Bathroom 1400
For sale $530,000
446 D Line, sauble beach, Ontario

446 D Line

Sauble Beach, Ontario

3 Bedroom 1 Bathroom 730
For sale $2,500,000
901 LINE 7 N Line N, oro-medonte, Ontario

901 Line 7 N Line N

Oro-Medonte, Ontario

4 Bedroom 2 Bathroom 1509
For sale $450,000
12 ECCLES Street N, barrie, Ontario

12 Eccles Street N

Barrie, Ontario

2 Bedroom 1 Bathroom 658
For sale $549,900
12 SR 406 SEVERN RIVER Shore, muskoka lakes, Ontario

12 Sr 406 Severn River Shore

Muskoka Lakes, Ontario

4 Bedroom 1 Bathroom
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