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Planning for Renovations that Pay Off

Friday, March 9, 2018   /   by Ruth Ballantyne

Planning for Renovations that Pay Off


Planning for Renovations that Pay Off.



 



Last year, a survey conducted amongst real estate agents sought to identify renovations that might affect the resale



price of homes across the country.



 



Aimed at helping owners decide about investing in a project when intending to sell in the near future, the survey revealed



that some low-cost renovations had the best potential to stimulate an increase in return-on-investment upon resale.



 



Of course, that is not to say that a vendor should avoid expensive projects such as a kitchen remodeling or bathroom



upgrade – because those renovations will likely attract more buyers.



 



Rather, homeowners should always be cautious about expecting a colossal uptick in their property value beyond its fair market value. It is also important that they consider how



a home improvement will benefit their own lifestyle while they remain in their home.



 



Meanwhile, if you’re wondering how your next project might affect your home’s market value, just ask. We could have a candid chat about the potential impact of your investment.



 



*Article Provided by Morris Marketing*

Ballantyne Professionals | RE/MAX Realty Services Inc.
Ruth Ballantyne
295 Queen Street E
Brampton, ON L6W 3R1
905-456-1000

Information is provided exclusively for consumers’ personal use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable, but is not guaranteed accurate by the MLS®.
Information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable, but is not guaranteed accurate by the MLS®. Copyright 2021 Last Updated May 15, 2021
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