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 ...

Amateur photographer contest winners announced
 
Women helping women
 
Great community support
Human Rights Tribunal rejects smart meter complaint
 
Murder charge laid in death of Sooke woman
 
Florida town knew shooter had troubled past
A heritage link in Port Renfrew
 
1945 real estate advertisement
 
Just imagine!

Community Events, September 2014

Add an Event

Read the latest eEdition

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

Sep 18 edition online now. Browse the archives.