Smart Home Renos: Will I Recoup My Investment?

November 16, 2009

Smart Home Renos 

Why not do a home renovation project that allows you to live better now and make your home more saleable later?  Think cost-effective improvements that enhance curb appeal or boost energy efficiency. 

The Appraisal Institute of Canada compared typical costs for renovations versus the impact on a home’s selling price to come up with a “payback range” for common projects. 

Bathroom reno – 75% to 100%
Kitchen reno – 75% to 100%
Installing a deck – 50% to 75%
Exterior siding – 50% to 75%
Flooring upgrade – 50% to 75%
Basement reno – 50% to 75%

Source: AIC RENOVA interactive guide
to the value of home improvements:
www.aicanada.ca.


Tagged with: home renovations toronto realtor selling your home cost effective home improvements condo toronto house toronto buy a house in toronto sell a house in toronto toronto real estate house repairs home renovation
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Kimmé Myles
Sales Representative

Royal LePage / JOHNSTON & DANIEL DIVISION
Brokerage

477 Mt. Pleasant Rd., Toronto, ON M4S 2L9

Phone: 416-489-2121  Fax: 416-489-6297



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