How much do you think you'll get back for that reno?
With real estate prices in a state of flux, it seems everyone is eager to spruce up what they've got and hopefully be rewarded with an increase in property value. However, as we know, not all renovations are created equal.
Home renovations are a sure sign Summer is in full swing. Low mortgage rates and an abundance of For Sale signs on manicured lawns are sure-fire ways to get homeowners thinking about the value of their property and how to increase it. This article from the Globe and Mail gives tips for any homeowner looking to spruce up and add value, including an online tool that offers an estimated return on investment.
Opinions on what the value of home renovations are often differ, leaving many homeowners to wonder what the best upgrades would be. Two of the most popular selling features for a home include the bathroom and kitchen, making these the most popular renovations for those looking to sell. Among the least likely to increase value are swimming pools, interlocking brick walkways and fencing.