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What Updates To Your London Ontario Home Make More Sense If Selling

What updates to your London Ontario Home make sense ( or should I say dollars?) if selling and planning to buy?  Are you worried about spending wisely and getting your money back and more?

 The most important question to ask yourself is:” How long am I going to stay here?” 

If you plan to stay awhile, remodelling for your comfort and long term enjoyment is far different than modernization to make your home show better to sell. Some remodel projects take much longer to get a good return on your dollar.

For immediate resale value, the project needs to be assessed based on your neighbourhood.  The best home improvements are cosmetic improvements.  Minor updates to the kitchen and bathrooms, or a new roof are always valuable.  Nice additions such as new carpeting or paint are another type of remodelling project that returns almost 100 percent of their cost to the value of your home.

For larger projects, the average return within one year after the remodel varies.  Major kitchen remodelling gives an average performance of 71 percent, a family room addition at 77 percent, a master bedroom and ensuite averages 83 percent, and windows 68 percent.

It is important to remember that you will be selling your home someday, and you need to make wise decisions.  You may want to weigh the up-front cost of the project versus the usefulness to you and added value to your home.

If you are thinking of selling or buying a home in London Ontario, and require the pros and cons of a renovation and the best return,  I can give you the right information based on facts and not opinions.

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Ty Lacroix

"Not All Realtors Are The Same"! This website and content are for you and are designed and constantly upgraded with the latest real estate trends, how-tos, and what is for sale on MLS. Our primary focus is guiding home buyers and sellers to make good decisions. We believe selling real estate is a process, not an event or knee-jerk reaction; we sleep well at night and ensure our clients do as well! We are not for everybody, nor can we please everybody, nor do we tell people what they want to hear; I know that may be old-fashioned and boring, but we are dealing with hundreds of thousands of your hard-earned money. Would you rather be happy, excited and bored or unhappy, excited and make a poor choice? About Ty I am a Broker with Sutton Group Preferred Realty Inc., Brokerage and the team leader for The Envelope Real Estate Group, that's enough about me! You see, this is about you, you do not want to hear blah blah stuff about awards, designations, or that we walk older adults across the street (I used to help old ladies cross the street, but as I got older I did not want my wife to think I was flirting) the reincarnation of Mother Teresa, walk on water or anything else to impress you. We let the numbers speak for themselves; success leaves clues!

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