Considering a renovation on your home? Perhaps it’s your forever home or maybe you’re thinking about selling in the near future; renovations and updates usually go hand-in-hand with home ownership. Even if your house is newer, it’s likely that at some point you will ask yourself; “should we renovate or move?” and “if we renovate, where will we realize the majority of the cost?”
Well the report is in! Royal LePage recently conducted a cross-Canada survey with over 750 experienced realtors to quantify where homeowners will get the most bang-for-buck with home renovations.
It’s not the biggest surprise that a kitchen renovation nabbed the top spot. Seeing as it can be one of the more expensive updates to the home, it’s reassuring to learn that it has the potential to boost your home’s value by more than 12.5%.
Want to know what renovations tied for second spot? Reach out to Hisey-McDermott & Associates for a chat. Real estate isn’t apples to apples, we’d love to connect with you on a one-to-one basis.
If you want to read the article direct, you can find it on royallepage.ca.
