Sunday October the 22nd, 2017 

TEAMJONAMANTE: *Jon*Sylvia*Mehdi*Cliff*Neil  *Sales Representatives

REMAX Realtron Realty Inc. Brokerage

Independently owned and operated

2815 Bathhurst Street, Toronto ON, M6B 3A4

Direct: 416-543-8852

Office: 416-782-8882

Toll Free Fax: 1-866-513-2193

Fax: 416-782-3329

Which Home Improvements Result in the Greatest Return?

February 22, 2011 - Updated: February 22, 2011

With the real estate spring market just around the corner, a very common question we get from potential sellers is which small home improvements can get us the most for our buck?

 

Here's a list of the TOP ELEVEN  Home Improvements & Repairs  as reported by HomeGain* from data in a survey  conducted in 2009:

 

1.  Clean and De-Clutter:  872%  Return on Investment (ROI).  Spending $100-$200 can result in a home price increase of $1500-$2000. 

 

2.  Home Staging:  586%  ROI.  $300-$400 spent on hiring a Home Stager for consultation will result in a home price increase of $1500-$2000.

 

3.  Lighten & Brighten:  572% ROI.  $200-$300 will yield an increase in value by $1000-$1500

 

4.  Landscape Front/Back Yards:  473%  ROI.  Spending $300-$400 will increase the value by $1500

 

5.  Update Electrical:  309%  ROI by spending $300-$400 will increase the value of your home by $1000-$1500

 

6.  Replace or Shampoo Carpets:   295%  ROI.  With $400-$500, value will increase by $1000-$1500

 

7.  Paint Interior Walls:  250% ROI on an investment of $500-$750, increasing the value by $1500-$2000

 

8.  Repair Damaged Floors:  250% ROI.  With an average cost of $500-$750, the value will increase by $1500-$2000

 

9.  Update Kitchen:  237% ROI.  By spending $1000-$1500 on updating your kitchen, you will see an increase in price by $2000-$3000

 

10.  Paint Outside of Home:  201% ROI.  $750-$1000 will yield an increase in price by $1500-$2000

 

11.  Update Bathroom:  172% ROI.  By spending $750-$1000 to simply update the bathroom, you can expect an increase in price  by $1000-$1500.

 

 


Tagged with: renovations real estate
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