The following renovation projects provide the highest payback potential for homeowners.
Bathroom Renovation
Kitchen Renovation
Painting - Interior/Exterior
Whether you're planning to sell your home soon or to stay put for a while, you'd probably rather have any improvements you make to your home add as much value as possible. Here are some projects for which the Appraisal Institute of Canada's members projected average payback value ranges.
The twenty most frequent renovation projects were:
Top four greatest payback potentials
Bathroom renovation (75-100%)
Kitchen renovation (75-100%)
Interior painting (50-100%)
Exterior painting (50-100%)
Ten average pay back potentials
Roof shingle replacement (50-80%)
Furnace/heating system (50-80%)
Basement renovation (50-75%)
Recreation room addition (50-75%)
Installing a fireplace (50-75%)
Flooring (50-75%)
Constructing a garage (50-75%)
Window/door replacement (50-75%)
Building a deck (50-75%)
Central air conditioning (25-75%)
Six lowest payback potentials
Landscaping (25-50%)
Interlocking paving (25-50%)
Building a fence (25-50%)
Asphalt paving (20-50%)
Adding a swimming pool (10-40%)
Installing a skylight (0-25%)
How to make your home stand out when selling
We can help your house sell quickly and at a good price -- even in a slow market.
It takes a lot more than sparkling windows, scented candles and chocolate-chip cookies to sell a home in today's market.
Improvements should be made so that the property shows well, is consistent with the neighborhood and does not involve capital investments.
Beyond any doubt, the best investment you can make is new paint. Painting can make a room or an exterior façade look brand-new, and totally transform the look and feel of a room or the entire residence. It is always wise to be somewhat restrained when choosing colors for a home-staging paint project. Avoid choosing colors that are too individual or flashy and favor neutral colors and schemes. This does not mean painting everything white, however.
Use subtle color schemes to accentuate the home's strengths and minimize weaknesses. Dark colors, for example, tend to make a room feel smaller, while lighter colors and pastels can make a room feel bigger.
There is another benefit to painting as well: the process of preparing the interior or exterior surfaces of a home for painting automatically allows us to go over the entire area receiving paint in great detail, and this can often expose items or areas requiring repair. It seems you always discover where the caulking has let go, where the wall is dinged.
It is always preferable that we discover and deal with these items before the real estate agent (or worse, the prospective buyer) points them out to you!
Dave - 360renos
It takes a lot more than sparkling windows, scented candles and chocolate-chip cookies to sell a home in today's market.
Improvements should be made so that the property shows well, is consistent with the neighborhood and does not involve capital investments.
Beyond any doubt, the best investment you can make is new paint. Painting can make a room or an exterior façade look brand-new, and totally transform the look and feel of a room or the entire residence. It is always wise to be somewhat restrained when choosing colors for a home-staging paint project. Avoid choosing colors that are too individual or flashy and favor neutral colors and schemes. This does not mean painting everything white, however.
Use subtle color schemes to accentuate the home's strengths and minimize weaknesses. Dark colors, for example, tend to make a room feel smaller, while lighter colors and pastels can make a room feel bigger.
There is another benefit to painting as well: the process of preparing the interior or exterior surfaces of a home for painting automatically allows us to go over the entire area receiving paint in great detail, and this can often expose items or areas requiring repair. It seems you always discover where the caulking has let go, where the wall is dinged.
It is always preferable that we discover and deal with these items before the real estate agent (or worse, the prospective buyer) points them out to you!
Dave - 360renos
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