Charlie Veaudry

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Fall can be a time when many people start to look at their homes and wonder what they should do for upkeep, to freshen things up a little, or even make some large changes. When contemplating projects and renovations, it's not a bad idea to consider the investment as it relates to resale value for your home. 

Did you know that only some renovations will get you more money when you sell?

You don't always get your money out of every renovation when you sell. I thought the below list of average costs compared to the return on the investment of that renovation was an interesting read. I hope you do too. Keep in mind that estimates are based on a sale directly following the renovation.


PROJECT

ESTIMATED COST

% RECOVERABLE (on Sale)

Repaint frame house

$2,000 to $5,000

300%

Instal new exterior siding

$3,000 to $8,000

200%+

New Flooring

$3,000 to $8,000

150 - 200%

Add a garage

$7,500 to $15,000

150%

Add a full bath:

$2,000 to $5,000 (in existing space)

 

To a 1 bath home

 

150%

To a 1 1/2 bath home

 

60%

Add a bedroom

$2,500 to $6,000 (in existing space)

 

 

$10,000 to $15,000+ (add on space)

 

To a 2 bedroom house

 

120-150%

To a 3 bedroom house

 

40 - 60 %

New Kitchen

$6,000 to $15,000

up to 150%

Finish basement - rec room, bedroom & bath

$10,000 to $25,000

100%

Reshingle roof

$3,000 to $8,000

50%

Landscape

$1,000 to $4,000

80%

Add a pool (inground)

$20,000+

50%

Add a fireplace

$1,500 to $3,000

50%

Instal central air

$2,500 to $4,500

up to 50%

All figures are approximations, individual quotes may differ.


This is not an exhaustive list, and if you would like to talk more about what you can do to prepare to sell your home, feel free to reach out. I would love to take the time to speak with you and answer any questions you may have.  

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5603 27th Street Vernon BC V1T 8Z5 CA

Charlie Veaudry

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