Lifestyle

Homeowners focus on interior renovations

When it comes to home renovations, the majority of Canadians homeowners plan to focus their efforts on makeovers inside the home as opposed to making outdoor upgrades.

A BMO Bank of Montreal survey, conducted by Leger Marketing, identified the top 10 renovation plans among Canadian homeowners and revealed nearly half (48 per cent and 46 per cent, respectively) plan to renovate their kitchens and bathrooms, while more than one-third (39 per cent) plan to undergo exterior renovations or landscaping projects.

Appraisal Institute of Canada statistics show the most profitable home renovations are kitchens and bathrooms, which generally result in a return on investment of 75 to 100 per cent. An interior paint job offers 50 to 100 per cent return, and with a finished basement, homeowners can recoup 50 to 75 per cent of the original cost.

In contrast, in-ground pools and skylights offer the lowest returns of zero to 25 per cent.

 

We encourage an open exchange of ideas on this story's topic, but we ask you to follow our guidelines for respecting community standards. Personal attacks, inappropriate language, and off-topic comments may be removed, and comment privileges revoked, per our Terms of Use. Please see our FAQ if you have questions or concerns about using Facebook to comment.

You might like ...

Part III: Youth Dealing with Depression
 
Part I: Mental Health for Children and Youth – How to Get the Help You Need
 
ACTIVE LIFE: Skating event aims for carnival atmosphere
Virtanen cracks Canadian junior team roster
 
Lava slows but still on track to hit Hawaii market
 
Australian woman charged with murder of 8 children
Canada man finds woman for free trip around world
 
Not Everyone Likes Every Place They Travel To, You Know...
 
Chefs of Sooke: Jojo Villaresis

Community Events, December 2014

Add an Event


Read the latest eEdition

Browse the print edition page by page, including stories and ads.

Dec 22 edition online now. Browse the archives.