Whether you live in an old or newer home you always want to ensure the work you perform on your home will improve its value. The Appraisal Institute of Canada states, "Updating your kitchen, bathroom or painting (inside or out) can provide up to 100% return on your investment!" Why not add to the comfort, use and value of your home?
Here are several types of improvements and the corresponding rate of return on the amounts invested:
Highest return
- Kitchen upgrade: 75 percent to 100 percent
- Bathroom upgrade: 75 percent to 100 percent
- Interior or exterior painting: 50 percent to 90 percent
- Finished Basement: 50 percent to 90 percent
- Addition of family room: 50 percent to 90 percent
- Installation of hardwood floor: 50 percent to 90 percent
Medium-level return
- Roof replacement: 50 percent to 80 percent
- Replacement of furnace or heating system: 50 percent to 80
percent
- Fireplace: 50 percent to 70 percent
- Construction of a garage: 50 percent to 75 percent
- Doors and windows: 50 percent to 75 percent
- Deck: 50 percent to 75 percent
- Central air conditioning: 25 percent to 75 percent
Low Return
- Landscaping: 25 percent to 50 percent
- Interlocking paving stones on driveway: 25 percent to 50 percent
- Asphalt driveway: 20 percent to 50 percent
- Fence: 25 percent to 50 percent
- Pool: 10 percent to 40 percent
- Skylights: 0 percent to 25 percent
- interior painting
- exterior painting
- kitchen renovations
- bathroom renovations
- basement renovations
- additions to your home
- etc.
The list goes on and on....
the question is
WHAT DO YOU NEED
TO IMPROVE?
Please click on the link below to find an exact estimate on cost versus return
http://component.aicanada.ca/e/resourcecentre_renova_all.cfm
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