When I couldn't find my dream home in my budget I decided to renovate.  I tore out the dated kitchen and replaced it with a functional custom designed one, replaced the worn carpet with new flooring, changed the paint colour, added an in-ground pool, landscaping, and decorated it.  I sold the house two years later with a profit of over $75,000. 

You want to get a return on your investment, and making the right renovations to your home improves the resale value. Remodelling may not be for everyone, but if you are planning to make some changes to your home, here are some things to think about:

Do you like the neighbourhood? 

Does it make good financial sense to remodel?  Over-improving your house can make yours the most expensive house on the block, this means you may not realize your investment when it comes to selling down the road.

According to the AIC (Appraisal Institute of Canada), the home renovations that result in the greatest Return on Investment (ROI) are:

                                                                                 RETURN ON INVESTMENT

Kitchens and bathrooms                                                    75% to 100%
Interior paint                                                                      50% to 100%
Finished basement                                                             50% to 75%
In-ground pools* and skylights                                            0% to 25%

*In-ground Pools can be much higher if you live in an area where in-ground pools are highly desired.

traditional kitchen
Original Kitchen – Before
 
removed windowKitchen Reno – Removing Window
 
after kitchen reno
New Kitchen – After Reno
 
You may decide that investing in renovations is worth the expense. If you're looking for quality renovations or decorating services, CALL US … We are celebrating their 11th year as an award-winning custom home furnishings & design company. The Trading Places team  consists of licensed professionals including Architects, Designers and Decorators, and Real Estate Experts who work on your home from start to finish. Together they provide more than 30 years experience. 
 
 


Trading Places provides full interior design services for new builds, renovations, projects and custom interiors throughout the Greater West Toronto Area including the Lakeshore, Etobicoke, Mississauga, Oakville, Burlington and NOW SERVING ANCASTER, DUNDAS & BRANTFORD!
 
Share →

One Response to Should You Renovate or Move?

  1. Lynda says:

    Amazing transformation! 

    My best friend hired Trading Places for a major renovation of her kitchen and bathroom and the results were outstanding. They stayed within budget and the job was done on time. I am currently using their services to select draperies for my bathroom and bedroom windows. The service is first rate! 

    I highly recommend Trading Places! 

     

Leave a Reply

Your email address will not be published. Required fields are marked *