Real Estate Blog for Buyers & Sellers

Your Lower Mainland and BC REALTOR® for home, investment & life!

Renovating for Resale

May 22, 2014 | Posted by: Michele Cummins

Renovations don’t have to be expensive or extensive to offer you a good rate of return. In fact, a quick coat of paint can go a long way to boosting your selling price. Just make sure your new décor is tasteful, with shades of white and tame versions of popular colours.

The kitchen and bathroom are your best bets for renovation with the highest payback. Take a look at these average rates of return for home upgrades:

- New lighting - 84%
- Interior painting and décor - 73%
- Kitchen renovation - 72%
- Bathroom renovation - 68%
- Exterior paint - 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%

As an expert on home sales trends in your neighbourhood, I, as your Royal LePage Sales Professional, can suggest which areas of your home could benefit from renovation and increase its value. I'm here to help!

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