TREB President’s Column as it appears in the Toronto Sun
February 4, 2011 — The Greater Toronto Area’s spring real estate market is just weeks away. If you’re planning on making a foray into the market this year, now could be the time to undertake improvements, which if carefully planned, can increase the value of your home considerably.
Most of us know that kitchens, bathrooms and a fresh coat of paint inside and out, offer the best return on investment. According to the Appraisal Institute of Canada, you can expect to get back 75 to 100 per cent of what you put into kitchens and bathrooms. Painting can return 50 to 100 per cent of your investment.
While these are typically low risk investments, a number of factors can influence the gains you achieve with other types of renovations.
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https://bonniebyford.com/020411_increase_value.pdf