RENOVATION RETURNS

A HOME OWNER’S GUIDE TO RENOVATION RETURNS

One of the questions that we get asked the most is, “What renovations should I do to maximize my home’s profit when I sell?”

Contrary to what most people think, putting in a new bathroom that costs you $20,000 doesn’t mean that the value of your home has just gone up by $20,000. Yes, there are definitely renovations that will get you a greater ROI (return on investment) but rarely will you get 100% of the cost back in your pocket.

And of course there are a whole bunch of variables that will dictate how much increase in your home’s value you can expect from your renovation like: the quality of the renovation, the appeal of the renovation to the average buyer, the current state of your home before the reno, how the reno fits into the aesthetic of the rest of the house and of course what the neighbour’s homes are selling for.

CHECK OUT OUR LIST
Here’s a list that gives us a look at the percentage recovered upon resale and which home renovations when selling will give you the best returns on investment!

Kitchen Upgrade: 75 – 100%
Bathroom Upgrade: 75 – 100%
Interior Painting: 50 – 100%
Roof Replacement: 50 – 80%
Replacement of Furnance or Heating System: 50 – 80%
Doors and Windows: 50 – 75%

Deck: 50 – 75%
Installation of Hardwood Floor: 50 – 75%
Central Air Conditioning: 50 – 75%
Finished Basement: 50 – 75%
Wood Fence: 20 – 50%
Landscaping: 25 – 50%
Pool: 10 – 40%
Skylights: 0 – 25%

CLIENT LOVE

I purchased my first home with Jayashree! I had a pleasure working with her. She is professional, empathetic, communication is on point and very responsive. She helped a lot in the process especially me being a first time home buyer. She explained each step and took the time to answer all my questions and I had so many questions as everything was new to me. She was patient and most importantly she really understood what I was looking for. Thanks again Shree!!

Helena James

We were first time buyers and quite overwhelmed with the process at the beginning. Fortunately, My friend recommended and we got to work with Jayashree as our advisor, who helped us navigate the process and made sure we understand everything each step of the way. She’s knowledgeable, responsive, and always on the reach. Thanks to her expertise and negotiation skills, we were able to find the perfect home we loved.

Dinesh S

Jayashree was a pleasure to work with! This was my first time getting my own condo in Toronto and it was pretty overwhelming. Thankfully ,She made the process smooth and fun! I am happy my financing was also taken care I felt like so much was offloaded and the entire process felt good. I highly recommend her!

Whitney Kurt

Jayashree did a great job selling our home in Oshawa. We strongly recommend her services and would certainly use her again when we sell our next home. She took her time with us, was always quick and responsive throughout the whole selling process, and never insisted on selling our home for less than we were comfortable with, like some other agents we had in the past. Thank you Jayashree, you are the best!

Smitha Patel

Jayashree was an excellent real estate professional. We called her with a very short timeline to rent out our condo unit. As an incredibly reliable agent, she found us a great tenant despite the time crunch. We greatly appreciated that she is a landlord herself and also has real estate investing experience. She added a lot of value providing her advice throughout the process. She also gave us the option to be included in the tenant interview – which we felt was extremely helpful in assessing the quality of the tenant. We also really appreciated how responsive and proactive she was, which alleviated a lot of stress for us. We loved working with Jayashree and look forward to working with her again.

Jayashree