Best Bang Per Reno $
October 5th, 2005Renovations
*What renovations will give me the greatest return when selling my property?
According to the Appraisal Institute of Canada's 2004 Home Renovation Survey**, the "Top three" pay back renovations are:
Bathrooms (75% to 100%) Kitchens (75% to 100%) Interior and Exterior Painting (50% to 100%)
Ten "Average" pay back renovations are:
Roof shingle replacement (50% to 80%) Furnace Heating System (50% to 80%) Basement renovation (50% to 75%) Recreation Room addition (50% to 75%) Fireplace installation (50% to 75%) Flooring (50% to 75%) Constructing a garage (50% to 75%) Window and Door replacement
*What renovations will give me the greatest return when selling my property?
According to the Appraisal Institute of Canada's 2004 Home Renovation Survey**, the "Top three" pay back renovations are:
Bathrooms (75% to 100%) Kitchens (75% to 100%) Interior and Exterior Painting (50% to 100%)
Ten "Average" pay back renovations are:
Roof shingle replacement (50% to 80%) Furnace Heating System (50% to 80%) Basement renovation (50% to 75%) Recreation Room addition (50% to 75%) Fireplace installation (50% to 75%) Flooring (50% to 75%) Constructing a garage (50% to 75%) Window and Door replacement