BENEFITS OF A RENO
Custom design your home to your specific needs and desires so that your renovated home will be exactly to your liking (budgets allowing).
1LIFESTYLE IMPROVEMENTS
Lifestyle improvement without the inconvenience, stress and expense of relocation
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Increase your property value
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Improve comfort, functionality and enjoyment preserve heritage and architectural styles
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Improve liveability
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Add more space
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Improve sustainability
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Return on investment (ROI)
2RENOVATIONS & HOME VALUE
According to the findings of the Appraisal Institute of Canada in its national 1999 Renovations and Home Value Survey, some renovations will result in a higher average payback (of dollars returned) at the time of sale.)
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Interior painting and décor: |
73% |
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Window/door replacement: |
57% |
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Kitchen: |
72% |
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Bathroom: |
68% |
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Basement renovation: |
49% |
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New furnace / heating system: |
48% |
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Flooring upgrades: |
62% |
3RETURN ON INVESTMENT
Projection of Return: Seller’s Market vs Buyer’s Market (The Province Newspaper - Home Section 2004)
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Interior Paint: |
70% to 300% |
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Exterior Paint: |
70% to 300% |
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New flooring: |
50% to 300% |
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Kitchen remodel: |
(mid-range) 68%,97% | (upscale) 120% |
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Bathroom Addition: |
75%-130% |
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Bathroom remodel: |
(mid-range) 64%, 75% | (upscale) 120% |
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Home Office: |
40% to 60% |
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Basement remodel: |
50% to 130% |
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New windows: |
30% to 95% |
