Tagged : home improvement

Never forget the simple rule that cost does not equal value with home improvements.

In fact, this may be the single most difficult point for both home sellers and home buyers to understand. It resonates not only with real estate but with everything from a bottle of wine to cars to clothes. Everyone has a different definition of “value” and what they are willing to pay for it.

Home sellers often have a biased view of what they’re home might bring if offered for sale. When these opinions are expressed, “upgrades” are almost always referenced. “I upgraded the carpet, the fixtures, the HVAC, the faucets….” is a consistent refrain. But how much of that “upgraded” item is recovered? Paying an extra $10,000 for “upgraded” roof shingles or $5,000 for a high

Projects that can increase -- or decrease -- the value of your home

Canadians are investing in home improvement like never before.  While most plan to spend reasonable sums, others say they'll go all out: luxurious materials, home theatres, a Jacuzzi on the patio...even $60,000 kitchens are not that unusual! But how much of their investment will be recovered when their house sells?

Homeowners tend to embark on renovation projects to meet their needs, improve their quality of life or simply pamper themselves with a little luxury. But even if you're renovating primarily for your own sake, you should try to assess the post-project increase in the value of your house, just in case you ever want to sell. There is also the fact that a renovated house will