Home Upgrades, Are They Worth Your Time?

Home Upgrades- Are They Worth Your Time?

There are always a few questions that enter the minds of those homeowners thinking about selling their home… Will the improvements deliver the comfort you’re looking for? Would it make more sense to move homes over upgrading yours? Will the renovations provide you with the return you are seeking when you decide to sell your home?

The table below will help you find the answer to some of these questions. In the future this should help you in the future so you know which rooms to focus on with your renovations and which can offer you the greatest return on your investment.

Keep in mind the time it takes between when the upgrades happened and the sale, as we well as proper maintenance and changing styles, should be factored-in when reviewing the chart and the potential return.

 

Upgrade

Approximate   Cost

% Recovered On   Resale

Kitchen $10,000+ 75% to 100%
Bathroom $10,000+ 75% to 100%
Roof Shingle Replacement $2.50 – $10 50% to 80%
High-Efficiency Furnace $3,500 – $7,000 50% to 80%
Windows Replacement $40 – $120 / Sq. Ft 50% to 75%
Deck $25 – $500/ Sq. Ft 50% to 75%
Hardwood Flooring $5 – $15 / Sq. Ft 50% to 75%
Central Air Conditioning $3,000 + 50% to 75%
Finished Basement $20 – $35/ Sq. Ft 50% to 75%
In ground Pool $20,000 – $40,000 10% to 40%
Skylights $3,000 + 0% to 25%

For more Home Selling Tips from the Home Sweet Home Team please visit Selling a Calgary Property or contact us today for Your Free Calgary Home Evaluation.

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Julie Vesuwalla

Julie Vesuwalla

REALTORĀ®
CENTURY 21 Bamber Realty Ltd.
Contact Me

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