Page 24 - SUPERDARIO LISTING

Renovation Pay-Back Formula P A G E 2 4

Realtors are often asked how much value renovations will add to a

home. The Appraisal Institute of Canada surveyed several hundred of if

s members for their 1999 Renovations and Home Value Survey.

Questions covered which projects off the most in dollar value return,

the amount of payback homeowners might expect, as well as renovation

trends. Results indicate the best returns are still on projects such as

kitchen and bathroom renovations, as well as cosmetic changes both

inside and out of the home.

Kitchen Upgrades 73%
Addition of family room 51%

Interior Painting (neutral colours) 73%
Upcoming Trends for
Landscaping 45%
Central Air-Conditioning 38%
Renovation Projects

Home office conversion 35%
Swimming Pool 16%
- Main floor laundry room
Bathroom upgrade 68%
- Hardwood flooring upgrade in Kitchen
Exterior painting 65%
- Built-in kitchen appliances
Finishing basement 49%
- Non-neutral interior paint colours
New Furnace or Heating System 48%
- Home theatre room
Addition of separate Living Unit 42%
Energy efficient features 39%
- Ground floor home office
Deck 67-79%
- Whirlpool bath separate from shower
New Windows 67-79%
- Addition of kitchen cooking island
Vinyl Siding 55-84%
Built-In media centre 62% - SMART house wiring
Extra fireplace 50%
- Skylights
Security system 58%
Glassed in porch 54%
Screened in porch 48%
Gazebo 48%
Hot tub 41%
Tennis court 34%
Upgrade landscaping 31%
Vinyl lined pool 31%
Sauna 7%