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Business Real Estate Before Your Next Renovation...Halifax Home Appraisal A Must!
Business Real Estate Before Your Next Renovation...Halifax Home Appraisal A Must!
| Before Your Next Renovation...Halifax Home Appraisal A Must! |
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| Written by Robert Harris |
| Sunday, 07 September 2008 11:05 |
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Whether you are considering selling your home immediately or staying put, you'll want any improvements you make to add as much value as possible. To give yourself peace of mind, while saving you time and expense, consider consulting with an experienced Halifax home appraiser. They will conduct a reliable, unbiased home renovation cost benefit analysis that takes into account your homes current value against the projected value of your renovation plans. Keep in mind, the answers may surprise you. In many cases, the payback will depend not only upon the renovation itself, but also upon the comparison between your house and others in the area. If your home's value is above the average market value in your neighborhood, you can expect a relatively low payback on renovations. But if your home's value is below the average market value, you can expect a much higher payback. According to the Appraisal Institute of Canada's 2004 Home Renovation Survey, the following home renovations offer the greatest potential return on investment: 1. Bathroom Renovation 2. Kitchen Renovation 3. Painting - Interior/Exterior Here are some projects and their projected average payback value ranges: Top four greatest payback potentials * Bathroom renovation (75-100%) * Kitchen renovation (75-100%) * Interior painting (50-100%) * Exterior painting (50-100%) Ten average pay back potentials * Roof shingle replacement (50-80%) * Furnace/heating system (50-80%) * Basement renovation (50-75%) * Recreation room addition (50-75%) * Installing a fireplace (50-75%) * Flooring (50-75%) * Constructing a garage (50-75%) * Window/door replacement (50-75%) * Building a deck (50-75%) * Central air conditioning (25-75%) Six lowest payback potentials * Landscaping (25-50%) * Interlocking paving (25-50%) * Building a fence (25-50%) * Asphalt paving (20-50%) * Adding a swimming pool (10-40%) * Installing a skylight (0-25%) Although return on investment should always be taken into consideration, the long term enjoyment you and your family will get from the renovation should not be over looked. For a reliable, unbiased analysis of your home renovation plans, contact an experienced Halifax home appraisal professional. The time, expense and heart ache saved could be well worth the price! About the Author: Halifax Home Experts offers in depth insights, tips, advice on a wide range of Halifax home appraisal issues, delivered by an experienced Halifax home appraiser. Kindly provided by MoneyHunter.org You are welcome to use this article on your own website, if you include the link just before this text. |
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