Selling Your Home: Renovating for
resale
Many people use home renovations to enhancing the asking
price of their home as a means of encouraging the potential buyers that
the home is a good investment. When it comes to home renovations, one
plus one does not necessarily equal two. The money invested in improving
your home will not always translate into an equivalent return in the
selling price of your home. However, with planning it is possible to
both increase the salability of your home and even profit from your
home renovations.
Renovations do not have to be extensive
or expensive to earn a high rate of return. In fact, one of the cheapest
and simplest improvements yields one of the highest paybacks.
Below is research on the best ways to get the highest return for your
renovation investment. Though the survey is from 1999, it is still relevant
today and for the Halifax real estate market.