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COLDWELL BANKER PETER BENNINGER REALTY is an Independently Owned & Operated Real Estate Brokerage serving the Kitchener Waterloo area of Ontario Canada | About Us



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640 Pineridge Road in Lakeshore Village

List Price: $334,900

Visit the 640 Pineridge Website - Homes for sale in Kitchener-Waterloo (Lakeshore Village)
MLS# 1224567

42-461 Columbia Street West

List Price: $309,900

461 Columbia Street West - Real Estate in Upper Beechwood / Laurelwood
MLS# 1221088

96 Nith River Way in Ayr

MLS# 1217903

House for Sale

Price: $419,900

 

Coldwell Banker Peter Benninger Realty, Brokerage

PETER BENNINGER REALTY

508 Riverbend Drive,
Kitchener, Ontario N2K 3S2
(519) 742-5800

Each Brokerage is Independently Owned and Operated


Tracey Appleton, Sales Representative | Coldwell Banker Peter Benninger Realty

Tracey Appleton, Sales Representative

(519) 742-5800 Ext.2166
Tracey-Appleton@ColdwellBanker.ca


Robert Hunsberger, Sales Representative | Coldwell Banker Peter Benninger Realty

Robert Hunsberger, Sales Representative

Robert-Hunsberger@ColdwellBanker.ca

 

 

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Return on Investment – A finished basement, does it add value?

by Robert Hunsberger, Sales Representative Email

Real Estate Return on InvestmentWouldn't it be great to know just how must impact a basement renovation will have on the market value of your home? Wouldn't it be great if we could supply some definitive figures here on our blog to tell you just that?

Unfortunately, definitive figures are pretty much impossible to calculate. Every home is different and every buyer's needs are different.

However, we took a quick and dirty look at some MLS® figures to see if we could find anything interesting...

...

  

 

1.)   We searched for homes that sold between December 1, 2007 and November 30, 2009

2.)   All homes were single-detached 2 storey houses

3.)   They all had 3 bedrooms, 2 to 4 bathrooms and a garage

4.)   The homes were between 6 and 20 years old

5.)   They sold between $209,000 and $439,000


Here are the results:

• Number of homes: 349

• Homes with an UNFINISHED basement averaged $294,850 (median was $282,000)

• Homes with a FINISHED basement averaged $306,442 (median was $296,000)

• The average "Days on Market" were the same for both FINISHED and UNFINISHED basements, (33 days on market)

• The selling price as a percentage of listing price was also the same in both instances (98%)


The average price difference was $11,592 (median difference was $14,000).


So the ROI (Return on Investment) would all depend upon how much you spend on the basement renovations... It is fairly safe to say that you would probably spend AT LEAST $11,500 to $15,000.

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  • Determining Property Value & Offer Price (Seller) (coldwellbanker.com)
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Categories with similar posts: Home DECORATING and RENOVATIONS, House VALUES • Tags: renovations, roi, tips • PermalinkPermalink12/06/09 05:56:21 pm


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Real Estate in K-W

This is a great source of information for home owners in Kitchener- Waterloo and area. Tracey and Robert are hard working Realtors whose advice and expertise can be counted on. www.Real-Estate.in-KW.com










This website is provided by Robert Hunsberger, Sales Representative and Tracey Appleton, Sales Represntative
COLDWELL BANKER PETER BENNINGER REALTY, Brokerage*
508 Riverbend Drive, Kitchener ON Canada N2K 3S2 | Tel: (519) 742-5800 | Contact Us
*Each brokerage is independently Owned and Operated

©2011 by Robert Hunsberger | Credits: blog software - web hosting - monetize - Based on a design by styleshout and a skin by Danny Ferguson
Proudly Canadian! Serving the Laurelwood Neighbourhood and the Kitchener Waterloo area of Ontario Canada