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Entries in House & Home (40)

Not all renos boost ROI

Homeowners plan renovations for different reasons. Sometimes it’s because they’ve seen a friend’s new kitchen or something on a design show that sparked their imagination. Other times it could start with a repair that turns into a complete makeover. But by the time the renovation is finished, most homeowners will want to know how much that reno has increased the value of their home.

But value is a tricky subject. Let me give you a scenario: A homeowner decides to renovate their bathroom. They want the kind of bathroom that would be in a million-dollar home — but their house is actually worth closer to $500,000. The bathroom ends up costing $40,000. Has the value of the house increased by $40,000. No. At most, probably just $15,000. So was it a bad decision? It depends on why the homeowner did it in the first place.

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Posted on Wednesday, September 26, 2012 at 01:52PM by Registered CommenterElaine in | CommentsPost a Comment | References1 Reference

Simple Furnace Maintenance: Changing Your Filter Will Save You Money & Energy

For many homeowners, the old adage "if it's not broken, don't fix it" has become "if it's not broken, don't think about it." At Carson Dunlop, we understand why most homeowners have taken this approach, since it seems everyone is busier than ever before. As leaders within the Home Inspection field, we are encouraging homeowners to take the odd five minute break to think about their home since it can save you a lot time, money and frustration.  

The furnace is one of the most neglected items in a home, until it breaks. Most homeowners are unaware that changing their furnace filter can save them money and improve the comfort within their home.

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Posted on Friday, September 21, 2012 at 10:39AM by Registered CommenterElaine in | CommentsPost a Comment | References1 Reference

Renovation Nation

Canadians are prodigious decorators and renovators. Just take a peek at Houzz.com. The site, which contains a massive database of home-design ideas and had 1.5 million unique Canadian visits in July, recently conducted a Houzz & Home Study that revealed 72% of Canadians will tackle home decor in the next two years, while 40% of us will build an addition, or remodel a portion or all of our abode. That is significant. But what exactly are we doing, and why?

I’m a good example, as I am currently wrestling with a basement bathroom update that started as a minor DIY decor upgrade then spun out of control into a major overhaul thanks to a leaky shower. I only wanted to make it look cleaner, sleeker and prettier, but I am now making changes that will add value as well.

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Posted on Tuesday, August 7, 2012 at 12:24PM by Registered CommenterElaine in | CommentsPost a Comment | References1 Reference

Basement Apartments

As Greater Toronto REALTORS® we recognize that in comparison to other world cities, ours is a clean, safe and affordable place to live, and its allure means that we’ll continue to see greater intensification in the years ahead.

Toronto’s popularity is reflected for example, in the condominium market, which currently has more buildings under construction than in any other city in North America. Basement apartments also play an important role in meeting demand for housing throughout the Greater Toronto Area and if you have ever listed a property with one, you’re probably familiar with the “Seller does not warrant retrofit” clause. Second suites can cause confusion for homebuyers and REALTORS® alike, but this doesn’t have to be the case.

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Posted on Saturday, March 3, 2012 at 11:59PM by Registered CommenterElaine in | CommentsPost a Comment

The Top Renovation Projects That Yield Most Return on Investment

There is no doubt that homeowners want to get the biggest return on their investment (ROI) when they decide to sell their home. You can easily increase your home’s value by performing a few renovations.

These renovations can vary widely depending on the type of home that you have and the amount of money you are willing to spend to boost the appeal and value of your home.

Even the slightest amount of change to your home will help. It is a consensus among real estate agents that renovations prior to selling your home absolutely impacts your return on investment. However, there are definitely some renovation projects that will be more fruitful than others.

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Posted on Friday, January 27, 2012 at 01:16AM by Registered CommenterElaine in | CommentsPost a Comment