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 $1,875,000
1226 SEABREEZE Road, dwight, Ontario

1226 Seabreeze Road

Dwight, Ontario

3 Bedroom 1 Bathroom 1292
For sale $679,000
1028 OLD 117 Highway, baysville, Ontario

1028 Old 117 Highway

Baysville, Ontario

3 Bedroom 2 Bathroom 1352
For sale $639,000
9558 BEACHWOOD Road, collingwood, Ontario

9558 Beachwood Road

Collingwood, Ontario

4 Bedroom 2 Bathroom 1387
For sale OPEN HOUSE $774,900
13 ROBERT Boulevard, springwater, Ontario

13 Robert Boulevard

Springwater, Ontario

3 Bedroom 2 Bathroom 1259
For sale $499,900
48 MARCUS Street, barrie, Ontario

48 Marcus Street

Barrie, Ontario

4 Bedroom 1 Bathroom
For sale $439,000
718700 HIGHWAY 6, georgian bluffs, Ontario

718700 Highway 6

Georgian Bluffs, Ontario

4 Bedroom 2 Bathroom 921
For sale $574,900
3420 RESERVOIR Road, coldwater, Ontario

3420 Reservoir Road

Coldwater, Ontario

3 Bedroom 1 Bathroom 2000
For sale $449,900
13 SOUTH Street, orillia, Ontario

13 South Street

Orillia, Ontario

1 Bedroom 2 Bathroom 980
For sale $429,900
1878 6TH Avenue E, owen sound, Ontario

1878 6th Avenue E

Owen Sound, Ontario

3 Bedroom 1 Bathroom 1265
For sale $1,495,000
293 OTTER LAKE Road, huntsville, Ontario

293 Otter Lake Road

Huntsville, Ontario

3 Bedroom 2 Bathroom 1092
For sale $319,900
9 GEORGE Street N, elmwood, Ontario

9 George Street N

Elmwood, Ontario

4 Bedroom 1 Bathroom 1973
For sale $995,000
1517 CHAMPLAIN Road, tiny, Ontario

1517 Champlain Road

Tiny, Ontario

3 Bedroom 1 Bathroom 1084
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