Skip to Content
Cell: (519) 702-7519   Fax: (519) 672-5145   Send Email
Printable Version

Selling Your Home - Return On Renovations

One rule seems to apply in all cases: avoid projects that will set your house apart from the properties in your neighbourhood. The Appraisal Institute of Canada posts this warning on its website: “If the value of your house exceeds the average market value in your neighbourhood, your renovations will not yield much return.  But if your house value is below the average , you can recover a larger part of the renovation costs.”

Also bear in mind that the amount spent on renovation projects should not be relative to the value of the dwelling: A $30,000 remodelled bathroom does not belong to a $100,000 house.

Selling Your Home - Return on Renovations