Renovating for Resale

Renovating for Resale

Renovations don’t have to be expensive or extensive to offer you a good rate of return. In fact, a quick coat of paint can go a long way to boosting your selling price. The Chris Pennycook Team will advise you as to what renovations or changes may be necessary to maximize the value of your home.

The kitchen and bathroom are your best bets for renovation with the highest payback. Take a look at these average rates of return for home upgrades:

  • Interior painting and décor – 73%
  • Kitchen renovation – 72%
  • Bathroom renovation – 68%
  • Exterior paint – 65%
  • Flooring upgrades – 62%
  • Window/door replacement – 57%
  • Main floor family room addition – 51%
  • Fireplace addition – 50%
  • Basement renovation – 49%
  • Furnace/heating system replacement – 48%
  • New lighting – 84%