Selling Your Home: Major Findings
The 1999 Renovations and Home Value Survey study highlighted
the top ten renovations and the average rate of return:
Interior painting and decor - 73%
Kitchen renovation - 72%
Bathroom renovation - 68%
Exterior paint - 65%
Flooring upgrades - 62%
Window/door replacement - 57%
Main floor family room addition - 51%
Fireplace addition - 50%
Basement renovation - 49%
Furnace/heating system replacement - 48%
As stated earlier these rates of return
may have changed with new market trends. Onesuch trend to be aware of
is the trend for large modern kitchens. The size of the kitchen and
the quality of the appliances is becoming a very important consideration
for homebuyers wishing to buy in Halifax.