Archive for December, 2009

Get the Best Bang for Your Buck!

Tuesday, December 15th, 2009

Whether doing it yourself or hiring a professional, interior painting, hardwood flooring and kitchen upgrades are among the renovations that yield the best return on investment.renovations

 Top ‘do it yourself’ renovations with the best return on investment

Renovation Project Approximate Cost (*) Approximate ROI (*)
Paint Interior $1,000 50 to 1000%
Replace carpeting with affordable laminate $2,000 for ( 1,000 sq.ft) 50 to 75%
Install new light fixtures $2,000 60 to 70%
Groom the exterior landscape $2,000 25 to 50%
Replace knobs and hardware $2,000 75 to 100%
Update the entryway $3,000 50 to 75%
Replace carpeting with laminate floors with hardwood $5,000 for (1,000 sq.ft) 50 to 75%
Build a fence/deck $5,000 50 to 75%
Renovation with best return on investment, some help may be required
Install an additional bathroom on main floor Under $5,000 80 to 100%
Renovate bathrooms $5,000 to $8,000 75 to 100%
Renovate kitchen $12,000 to $15,000 75 to 100%
(*) assumes mid-grade quality finishes, labour excluded
The data included on this website is deemed to be reliable, but is not guaranteed to be accurate by the Calgary Real Estate Board. The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. Used under license.