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 ...

Pegged in Paradise
 
Rotarian honoured for service
 
Life in the bike lane
Hydro announces more dam upgrades worth ‘hundreds of millions of dollars’
 
Part 2: Mushrooms for health and wealth
 
Part 1: The mushroom madness
Integration focus for developmentally disabled
 
And then there’s the ferry
 
Is this my stop? Teen transit woes

Community Events, November 2014

Add an Event


Read the latest eEdition

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

Nov 27 edition online now. Browse the archives.