Smartest Renovations
Posted by Rick Couvelier on
For Canadians interested in the "smartest" household renovations for a good return on investment, the Appraisal Institute Of Canada suggests:
- Choose improvements with long life expectancy: roofing, energy-efficient heating/cooling & windows can provide worry-free improvements for 10-15 years
- Invest in modern updates in high traffic areas: update the kitchen & bathroom core rooms with new door handles, counter tops, fixtures and resurfaced cabinets
- Don’t underestimate the value of inexpensive updates: fresh coat of paint, modern light fixtures, light landscaping & new door handles give an updated look at low cost
- Consider energy efficient renovations that have high paybacks relative to cost
- Don’t over-improve. Consider your neighbourhood & buyer expectations