Renovate or sell

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

Kirk Rickman & Victoria Carter

Century21 Percy Fulton ltd.

What to considerWhen 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.


You going to stay longer than 5 years? The answer is easy. Do the

renovations that are going to make you get the most use and enjoyment out of your home.

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


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.


Best Returns(% of cost returned at resale)

Kitchen Renovations 75% - 100%

Bathroom Renovations 75% - 100%

Interior Painting 50% - 100%


Average Returns (% of cost returned at resale)

Re-shingle roof 50% to 80% Replace furnace 50% to 80% Renovate basement 50% to 75% Family room addition 50% to 75% New fireplace 50% to 75% New flooring 50% to 75% Build a garage 50% to 75% New windows/doors50% to 75% New deck 50% to 75% Central Air 25% to 75%


Lowest Returns (% of cost returned at resale)

Landscaping 25% to 50% Interlocking paving 25% to 50% New fence 25% to 50% Asphalt paving 20% to 50% Swimming pool 10% to 40% New skylight 0% to 25%


Steps to follow before Moving or RenovatingCall 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

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

Benefits for choosing Kirk Rickman and Victoria Carter


Contact us

Office: 416-298-8200 905-683-2100

Direct: 905-626-3294 647-669-8425

Email: [email protected]: www.TwoMoveYou.com

Renovate or sell

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