Homeowners are often inclined to renovate to suit their individual preferences and lifestyles. However, while turning a garage into a music studio may be your heart’s desire, it’s important to be cognizant that future buyers will likely just want to park the car. Regular and systematic home maintenance provides the best return on investment.
Although, there are a few renovations that consistently offer above average return on investment. To protect your investment, be sure to obtain work permits and consult a professional before embarking on any project where maximum return on your investment is sought.
Attic insulation (fibreglass). You can recoup more than 90 per cent of the costs based on immediate energy savings and your home’s future resale value.
Garage door replacement. Maximum impact on curb appeal and increase functionality. Recoup up to 90 per cent of your investment.
Entry door replacement (steel). Quickly improve the curb appeal of your home while reducing heating and cooling costs. Estimated return on investment is more than 80 per cent.
Manufactured stone veneer. Add curb appeal to the exterior of your home, or to accent specific areas within the home. Recoup up to 75 per cent of your investment.
Minor kitchen remodel. Based on a mid-range investment of about $20,000, you can expect to recoup about 70 per cent.
Deck addition (wood). Add a deck to increase outdoor living space and recoup up to 66 per cent of your investment.
The more you align the features and attributes of your home with those preferred by consumers, the greater the value you will create. For more information, contact me!
Top 6 Home Improvements To Add Value
Subscribe with RSS Reader
The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Greater Vancouver REALTORS® (GVR), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the GVR, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the GVR, the FVREB or the CADREB.