Return on Renovations
Wondering whether to finish that basement or redo your bathroom? Here are some helpful articles:
Major renovations boost resale compared to do-it-yourself As much as 100 per cent of the cost of a fully renovated kitchen or bathroom, often done with the help of a contractor, can be recovered when it comes time to sell, suggests this report.
Renovations: Return on Investment. Rain City Guide Here's a quote from this article:
Over the years I have had many people ask me the question, “Should I renovate the house that I have, or should I move?”. We have all seen the numerous charts that show the return on investment of various renovations. I just checked a few of those charts and found the following results: Remodel your kitchen anywhere from 70% to 103% return, depending on who wrote the article. Add a bedroom, 80% vs. adding a master suite: 73%.
Every time I see these charts showing the percentage of return, I put them down thinking that none of them actually answer the question and none of them are the least bit accurate. One house might achieve a 200% return on investment, while another might return 25% with the exact same renovations
Appraisal Institute of Canada . Automatically calculate return on investment of home renovations
styleathome.com/ Projects that can increase - or decrease - the value of your home. Return on renovations costs. How much will you get back? |