How To Invest In Renovation

June 2, 2016 - Updated: June 2, 2016

Renovating your house is a good way to make it more attractive to buyers. Our combined experience allows us to recognize the sort of upgrades your home needs to raise its value, be it a paint job or something more substantial. First, we advise you about what we believe are the upgrades, which will bring you the highest return by considering the relative merits of different renovations. Then, we sign off on any renovations or updates that are to be made to your house, ensuring that each one is a good investment of your time and money. Our goal is to help you get the best possible price for your home!

 

Here are some examples of work we have done in the past!

 26 DULVERTON DRIVE: Sold $30,000 over asking price in just 8 days! 

One of our great strengths is that, unlike most others, we have our own inventory of furniture and home accessories,

which we use to stage your home and give it that homey and polished look. 


 

49 NATHANIEL CRESCENT: Sold $40,000 over asking price in only 10 days! 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

We have an eye for what will look good in your home and we stage it to make it look its best!

What we do is extremely important since most often, people fall in love with the feel, look and ambiance of a house and this is what drives the sale forward! As people who have been in the business for a long time, we understand what buyers look for and what ought to impress them, and we always make sure to apply this knowledge to showcase your home’s full potential.
 

Determining the value of a renovation is no easy task. Some of the things we consider are:

 

What was there before?

When removing something that has value X, and adding something with a higher value Y, you should subtract X from Y when considering the added value.

Will the buyers appreciate the entire renovation?

Of course, people have different wants and needs. Having represented buyers in your neighbourhood/region, we have an idea of what they are looking for and estimate whether they will like the upgrades. 

When is a renovation excessive and unusual?

Unusual and excessive renovations may not be a good investment since buyers may not like them or wish to change them, making them less willing to pay full price.

How useful is it?

Anyone would use a patio but not everyone would want a pool. It is very important to consider the usefulness of a given upgrade – will everyone be interested in it or are you taking a risk with your investment? 

 

June 2, 2016

Team Riaz Ghani

Disclaimer: We do not claim to be professional stagers


Tagged with: renovation transformation real estate realtor investment
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RE/MAX Active Realty Inc.Brokerage
Independently owned and operated

200 Matheson Blvd W Suite 202, Mississauga, ON L5R 3L7

Phone: 905-290-6777  Toll: 1-888-858-6777  Fax: 905-290-6799

      Not intended to solicit Buyers and Sellers currently under contract with any Brokerage    * Based on 2012 Sales Value,  Both Ends In Mississauga

 

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