WHICH RENOVATIONS WILL GIVE ME THE BEST RETURN ON INVESTMENT WHEN I SELL MY HOME? 

Anyone considering to put their house up for sale wants to maximize both presentation of the house and the amount they sell the house for. Often, we are emotionally attached to our properties, and our choices in improvements may not reflect what the public is really looking for. Putting in a $200.00 faucet may not bring you the same return as a $50.00 faucet and $150.00 spent on showy flowers in the garden. You will want to spend wisely to improve the property, and invest the increased returns in your new home.

Who better to consult than the Appraisal Institute of Canada. Their association has extensive statistics on the return on investment for many varied types of upgrades. These values were derived from a survey of AIC members, whose experience in the field qualifies them clearly to make the above determinations. They have designed a user friendly area of their web site where you may enter the dollar value of each renovation separately. At the touch of a button you are provided with your expected range of payback return for the project. If you are considering which improvements to make, you will clearly be able to identify which ones will make you money!

You may enter any one of the 25 most popular renovations separately to calculate the results, or, if you wish to do several renovations, a full worksheet is provided, which will itemize your return for each project.

Bathroom and kitchen renovations will return 75% to 100% of the money invested, while interior and exterior painting will return 50% to 100%. Furnace and heating system replacements result in 50% to 75 % return, along with flooring and window/door replacements. Roof shingle replacement has a payback range of 25% to 75%.

You may access this tool on their site by clicking the following web address: www.aicanada.ca