To Renovate or Not to Renovate...Reno Before you Sell?

So You're Thinking of Selling Your House?

It could be part of your retirement plan todownsize, or you might be running out of room and need to upsize and get a bigger place.

As a Real Estate Broker with a degree in Construction Sci. & Management, I am asked this question so often. Should I renovate my house?

Unfortunately, there isn’t a straight forward response. Every property is different and requires an individual evaluation.

For many of us preparing a home for sale can include spending some time and money onupgrades and/or repairs.

The first step you should take into consideration is to consult a Real Estate Professional. REALTOR®'s can give you a current market evaluation and help point out the items that you need to prepare, maintain, or overall upgrades that can be done to the property; affect the resale price in a positive way. 

Here are some examples:

If upgrading the kitchen in a house would cost a Homeowner $20,000.00, but similar homes in the area with new kitchens have sold for more than $40,000.00 (put in $20,000.00 and get back $40,000.00), then maybe a kitchen upgrade is something to think about!

On the other hand, upgrading a kitchen in a house that has major structural problems is not recommended, as the new purchaser may consider a complete renovation of the entire house.

Once you have figured out what maintenance or upgrades need to be completed on the property, if you want to install a new kitchen or kitchen cabinets, if you require making necessary repairs or repairs to your roof, you will need to hire a professional for the job, and you will need a written contract.

In Ontario, any agreement with a Contractor worth more than $50 must be in writing. This means that you should have a contract even for a small home renovation or repairs. If the contract is signed in your home, you are also entitled to a 10 calendar-day cooling off period. Within these 10 days, you may cancel your contract without having to provide a reason or pay a cancellation fee.

Make sure your contract includes:

  • The contractor’s name, address and contact information.
  • A thorough description of the project, including the materials to be used.
  • A copy of the written estimate.
  • A clear description of any warranties.
  • The total cost and payment schedule, including the deposit amount. We recommend keeping down payments at no more than 10 per cent of the total cost of the contract.
  • A work schedule, including start and completion dates.

Avoid falling into the temptation of “paper-free” deals that sound too good to be true. Remember that no receipt means that you have no proof of purchase.

These tips have been provided by Consumer Protection Ontario, a consumer awareness program from the government of Ontario. Visit to learn about your rights and responsibilities before you get started.

Parham Shakeri

Parham Shakeri

CENTURY 21 Heritage Group Ltd., Brokerage*
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