Call Marg: 705-446-1762

With the current Home Renovation Tax Credit (HRTC) and the ecoEnergy grants available, home renovation appears to be alive and well.  It certainly is in our house.

Have you ever wondered what the pay back might be for the money you invest in those renovations?

The Appraisal Institute of Canada has a handy calculator on their website to assist people in estimating this pay back range on 20 of the most popular home renovation projects.  While it is a guideline only and does not reflect differences in various real estate markets, it will give most people a good sense of what is really worthwhile doing in terms of investment.  You can visit the website here.

I would have to add that renovations have a pay back in more subtle ways as well that are harder to quantify.  Some renovations may not easily have a dollar figure attached however, they will impact the salability of the house.  For example, putting in new carpet is said to have a return value of 50-75% of the original cost.  If however you’ve put in a bold colour that only you and three other people might love, that could drop considerably.  On the other hand, replacing that purple carpet with hardwood flooring might yield a return of greater than 100% and affect how quickly the house will sell.

Monthly E-Newsletter

Marg Scheben-Edey

Real Estate Broker
Market Value Appraiser - Residential
Accredited Green Broker™
(designated by the National Association of Green Agents & Brokers)

RE/MAX four seasons
realty limited, Brokerage
Each Office Independently Owned & Operated
67 First Street, Collingwood L9Y 1A2

Contact Marg

 Direct: 705-446-1762

Prefer Text? 705-446-5066

Email Marg

© Copyright 2017 All Rights Reserved.

Privacy Policy | Sitemap

Get Marg's Newsletter Delivered to Your InboxMonthly

Hey, it never hurts to know more about the local market and the goings on, does it? Stay “in-the-know” about the South Georgian Bay real estate market as well as local news, great new businesses and other fun stuff. At least you’ll have some impressive local trivia at the next cocktail party! Now, I just need a little info from you. (This information will never be shared – I promise!)


Pin It on Pinterest