Renovate or sell

Kirk Rickman & Victoria Carter

Renovate or Sell There is no denying that home renovations can increase the value of your home.

Century21 Percy Fulton ltd.

What to consider

When weighing the options for moving or renovating your existing home , ask your self the following:

Move If: 

You want better schools, parks, community facilities.



You want a bigger back yard.



You want a quiet neighbourhood.



Renovations are not feasible.



The market presents a good time to sell.

Renovate if: 

You like your area and want to stay.



The renovations make the most sense.



You are okay with putting up with the improvements.



The renovations will increase the value of your home when selling.

www.TwoMoveYou.com

Kirk Rickman & Victoria Carter

What are the reasons for the renovation? 

To get the most from selling?



To stay and enjoy home for another few years?



Is it your final house until retirement?



Kids are on the way?



Children are moving out?

By determining the reason, it will help in the type of renovations that needs to be done and help you determine how much you may need to spend.

www.TwoMoveYou.com

Kirk Rickman & Victoria Carter

You going to stay longer than 5 years? ď‚Ą

The answer is easy. Do the renovations that are going to make you get the most use and enjoyment out of your home.

ď‚Ą

Although some of these renovations may not give a great return on investment do the improvements suits your life style.

www.TwoMoveYou.com

Kirk Rickman & Victoria Carter

You are planning on moving within 5 years 

Choose the improvements that will give the best return.

Keep in mind that poorly done work or ill – conceived plans could decrease the value of your home



Be careful not to over renovate your house.

Improvements should be done in line with the houses surrounding it or it may not realize its full value.



Choose a style that appeals to most.

If your plan is to move in the short time line considerations must be made to the style of the improvements. The style that you like may not be the style that someone else would want or be willing to pay for. www.TwoMoveYou.com Kirk Rickman & Victoria Carter

Best Returns

(% of cost returned at resale) 

Kitchen Renovations



Bathroom Renovations 75% - 100%



Interior Painting 50% - 100%

www.TwoMoveYou.com

75% - 100%

Kirk Rickman & Victoria Carter

Average Returns

(% of cost returned at resale) 

Re-shingle roof 50% to 80%



Replace furnace



Renovate basement 50% to 75%



Family room addition 50% to 75%



New fireplace 50% to 75%



New flooring50% to 75%



Build a garage 50% to 75%



New windows/doors 50% to 75%



New deck 50% to 75%



Central Air

50% to 80%

25% to 75%

www.TwoMoveYou.com

Kirk Rickman & Victoria Carter

Lowest Returns

(% of cost returned at resale) 

Landscaping



Interlocking paving



New fence

25% to 50%



Asphalt paving

20% to 50%



Swimming pool

10% to 40%



New skylight

0% to 25%

www.TwoMoveYou.com

25% to 50% 25% to 50%

Kirk Rickman & Victoria Carter

Steps to follow before Moving or Renovating 

Call Kirk and Victoria to get an evaluation on your home.

This will allow you to see how your house compares to similar houses in your area.



Calculate the cost of moving.

Moving costs, legal fees, Land Transfer tax, Real estate fees.



Calculate the costs of renovating.

Add at least 25% to your budget for the unexpected.

Plan for delays.



Get pre-approved.

This would help determine the budget for the renovations or for the purchase of a new home.

www.TwoMoveYou.com

Kirk Rickman & Victoria Carter

Benefits for choosing Kirk Rickman and Victoria Carter

 Two Qualified Realtors working for you 24/7  Proven Track Record  We are with the number one office in the world  We use the power of the Internet to market your home  Air Miles Reward Miles

Up to 1500 Air mile reward Miles with the purchase and /or sale of your home

 Staging  Discounts from the Brick  Donations to Easter Seals  Experienced in investment properties  Experience as Landlords  We screen your Tenants

www.TwoMoveYou.com

Kirk Rickman & Victoria Carter

Contact us Office: 416-298-8200 905-683-2100 Direct: 905-626-3294 647-669-8425 Email: victoria.carter@century21.ca Website: www.TwoMoveYou.com