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Renovation Projects with payback on dollars spent

 

Tile is installed on tens of years and you will be amazed to see this work for every day with a sense of satisfaction or feel thought disappointingly if poorly done.

 

You increase a value of your house. Always, tile in your kitchen, bathroom,shower room and washroom are very important parts. If you choose to sell your home you can get the additional money for this.

 

 

When deciding on what type of renovation to undertake and how much to spend, consider how your future value will be impacted. Not all renovations are a smart idea and actually can reflect negatively on your value.

In other words, the Appraisal Institute of Canada researched what payback (increase in value) would occur for every dollar spent.

 

                                          

                       Top Ten Projects With Average Potential Payback

 

 

                          PROJECT                                           

POTENTIAL PAYBACK (%)

             Painting and decor, interior                        

73

             Kitchen renovation

72

             Bathroom renovation

68

             Painting, exterior

65

             Flooring upgrades

62

             Window/door replacement

57

             Main Floor Family Room Addition

51

             Fireplace Addition

50

             Basement Renovation

49

             Furnace/Heating System Replacement

48

                        

 

 

 

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%)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Thanks my clients for opportunity and trust!   

   Igor TILER

647-408-7737

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