We are often asked by homeowners about the potential return on investment that can be expected on a renovation project that they are considering.
According to the Appraisal Institute of Canada (AIC) the payback varies depending upon the project.

While these numbers are interesting, it is important to keep in mind that they are only relevant if you are renovating just prior to selling your home. If you are renovating to improve the liveability and/or enjoyment of your home you will want to take a different look at the situation. How much is enjoyment worth? Only you can decide on that Return on Investment.

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Wouldn'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...

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