Humber/Ontario Real Estate Course 3 Exam Practice

Which of the following is recommended to enhance the marketability of a home?

1. Adding luxury appliances

2. Investing in expensive landscaping

3. Painting to update colors and reduce signs of wear

4. Remodeling the basement

5. Installing high-end lighting fixtures

6. Expanding the garage

The correct answer is: Painting to update colors and reduce signs of wear

Painting to update colors and reduce signs of wear is a highly effective way to enhance the marketability of a home. A fresh coat of paint can significantly improve the overall appearance of a property, making it look cleaner and more inviting. It allows prospective buyers to envision themselves in the space without the distraction of outdated or worn-out colors. Neutral and modern colors tend to appeal to a broader audience, increasing the home’s attractiveness. While other options may offer some level of appeal, they may not provide the same immediate and cost-effective impact as painting. For instance, adding luxury appliances or high-end lighting fixtures may cater to a niche market but could limit the home’s potential buyer pool due to higher price points. Similarly, remodeling the basement or expanding the garage can involve substantial financial investment and may not yield the same return if the buyers do not prioritize those features. Investing in expensive landscaping, while visually appealing, may not create the same transformative effect as a fresh paint job, especially if buyers are primarily looking for a move-in-ready home.