Renovating A Metro Vancouver & Fraser Valley Home - Do's & Don'ts
(November 13, 2014
)
Our real estate team 
have generations of experience not just in the real estate industry but also in commercial and residential construction and development, interior design, renovations and every important crossover industry.
have generations of experience not just in the real estate industry but also in commercial and residential construction and development, interior design, renovations and every important crossover industry. So, of course we have a complete understanding of exactly what a home buyer and seller should and should not do when renovating or updating a home with the ultimate goal to one day sell.
When preparing to sell you home, one of the best ways to enhance the value of your property and differentiate it from other homes on the market is to complete a number of basic renovations which will further attract buyers. Investments into areas such as flooring, roofing, kitchens and bathrooms typically add significant margin to the resale value of your home.
When considering a renovation to your home prior to sale, it is very important to take into factor the current value of home and the market conditions. The investment into a new bathroom may not make sense in a bachelor suite where it may make sense in a two bedroom, two bathroom home.
The following represents some examples of potential renovations that a seller may consider and a representative return on the investment;
Renovation Type
Cost of the Renovation
Added Resale Value
Interior Paint
$1,000
$2,000
Lighting Fixtures
$2,500
$4,000
Hardwood Flooring Installation
$5,000
$7,500
New Bathroom
$6,500
$12,500
New Kitchen
$12,500
Our in house interior design and home staging expert is at our clients disposal. Below is a short but concise list for your reference however don't hesitate to call or email us any time with your questions or concerns we love to hear from you, 604-767-6736.
When preparing to sell you home, one of the best ways to enhance the value of your property and differentiate it from other homes on the market is to complete a number of basic renovations which will further attract buyers. Investments into areas such as flooring, roofing, kitchens and bathrooms typically add significant margin to the resale value of your home.
When considering a renovation to your home prior to sale, it is very important to take into factor the current value of home and the market conditions. The investment into a new bathroom may not make sense in a bachelor suite where it may make sense in a two bedroom, two bathroom home.
The following represents some examples of potential renovations that a seller may consider and a representative return on the investment;
Renovation Type
Cost of the Renovation
Added Resale Value
Interior Paint
$1,000
$2,000
Lighting Fixtures
$2,500
$4,000
Hardwood Flooring Installation
$5,000
$7,500
New Bathroom
$6,500
$12,500
New Kitchen
$12,500
$22,500
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