Renovating For Resale
Renovations don't always have to be expensive or extensive to offer you a good rate of return. In fact, a quick coat of paint can go a long way to boosting your selling price. Make sure your new décor is tasteful and well done, with shades of white and tame versions of popular colours.
The kitchen and bathroom are your best bets for renovation with the highest payback. Take a look at these average rates of return for home upgrades:
- Interior painting and décor - 73%
- Kitchen renovation - 72%
- Bathroom renovation - 68%
- Window/door replacement - 57%
- Main floor family room addition - 51%
- Fireplace addition - 50%
- Basement renovation - 49%
- Furnace/heating system replacement - 48%
- New lighting - 84%
- Exterior paint - 65%
- Flooring upgrades - 62%
As an expert on home sales trends in your neighbourhood, Pearl can suggest which areas of your home could benefit from renovation and increase its value. |
