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Hamilton Ontario & Area Real Estate Renovations Guide


Did You Know?....

That Renovations pay for themselves!

Over time, some renovations can practically pay for themselves, especially if
they result in savings on utility bills or a
higher selling price. Here are some
additional payback ranges, according to the Appraisal Institute of Canada:  
 

• Finished Basement: 50 – 75%
• Interior Painting: 50 – 100%
• Exterior Painting: 50 – 100%
• Main Floor family Room: 50 – 75%

The twenty most frequent renovation projects were:

 

Top four greatest payback potentials

  • Bathroom renovation (75-100%)     
  • Kitchen renovation (75-100%)
  • Interior painting (50-100%)
  • Exterior painting (50-100%)

Ten average pay back potentials

  • Roof shingle replacement (50-80%)
  • Furnace/heating system (50-80%)
  • Basement renovation (50-75%)
  • Recreation room addition (50-75%)
  • Installing a fireplace (50-75%)
  • Flooring (50-75%)
  • Constructing a garage (50-75%)
  • Window/door replacement (50-75%)
  • Building a deck (50-75%)
  • Central air conditioning (25-75%)

Six lowest payback potentials

  • Landscaping (25-50%)
  • Interlocking paving (25-50%)
  • Building a fence (25-50%)
  • Asphalt paving (20-50%)
  • Adding a swimming pool (10-40%)  
  • Installing a skylight (0-25%)

courtesy: Appraisal Institute of Canada

 

 

 

 

Renovation, Step By Step

From the first idea to the finished project, there's a great deal to think about when you decide to renovate. By following the eight steps listed below, you'll make sure you have answers to all the important questions, and have a well-laid plan for getting the job done.  www.LisaTollis.ca Hamilton Ontario Realtor

courtesy: CMHC

Before You Renovate…


 
 www.LisaTollis.ca Hamilton Ontario Realtor

Why Renovate?

Everyone has a different reason for wanting to renovate. Sometimes it's the simple need for a change. Other times, the motivation is more practical. If you wake up one day with a puddle in the basement and a water-stained ceiling, you know you have to act fast.


 

From the planning stage to the final touches, this guide shares our experience and knowledge with you. And it tells you about some of the first-rate resources we've developed to deal with all kinds of renovation issues. In general, there are three types of renovation: lifestyle, retrofit, and maintenance and repair.
 

  • The Rewards from Renovating.  www.LisaTollis.ca Hamilton Ontario RealtorLifestyle renovations improve your home­ and your way of life. They might involve building a sun room for pleasure, or converting unused attic space into living quarters to meet your changing needs.
  • Retrofit projects usually focus on your home's shell or mechanical systems. Examples are upgrading your insulation, replacing your furnace, or putting on new siding.
  • Maintenance and repair renovations protect the investment you have made in your house through activities such as caulking windows, reshingling your roof, or replacing your eavestroughs.

 
 
 
 
 

 

Key Questions Before You Start

  1. Is Your Renovation Practical?
  2. Your Money's Worth?  
  3. Is your Renovation Adaptable?  
  4. And Healthy?

  www.LisaTollis.ca Hamilton Ontario Realtor

A successful renovation can be a dream come true, but without careful planning and management, it can be a nightmare.

Be informed. Before you pick up a hammer, pick up a book or a video on home renovation. Talk to friends and neighbours who've renovated. Explore all the options, and remember the carpenter's creed: measure twice, cut once. Mistakes on paper are easy to fix­ and inexpensive. Mistakes on the job are not. The following questions will help make sure you're heading in the right direction.

Lisa Tollis, Hamilton Ontario Realtor®. Your Real Estate Agent for Hamilton, Stoney Creek, Ancaster, Burlington and All Surrounding Areas. 905 574 4600 www.LisaTollis.ca

Lisa Tollis
REALTOR®
 Sales Representative

SRES®   
*Seniors Real Estate Specialist


LISA TOLLIS, REALTOR®, RECEIVES, PRESIDENTS GOLD AWARD FOR 2008 & 2009. Put An Award Winning Realtor On Your Side! Call Lisa Tollis Today!LISA TOLLIS, REALTOR®, RECEIVES, MASTER SALES AWARD FOR 2007LISA TOLLIS, REALTOR®, RECEIVES, SALES ACHIEVEMENT AWARD FOR 2007

ROYAL LePAGE STATE REALTY,
BROKERAGE.

987 Rymal Road East.
Hamilton, Ontario.L8W 3M2

Office: 905 574-4600
Fax: 905 574-4345
Direct Fax: 905 385-9690
Toll Free : 1 877 574-4601
Email: lisatollis@royallepage.ca
www.LisaTollis.ca

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I LOVE REFERRALS! Do You Know Someone Who Maybe Interested In Buying Or Selling A Home? I Would Love To Help Them Out! Please Refer Them To Me Lisa Tollis, Realtor & Seniors Real Estate Specialist
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I'd love to work with you!
Call me at
905 574 4600 



*Seniors Real Estate Specialist (SRES®) is an extensive training designation, awarded from the National Association of REALTORS®, focusing on the real estate needs of the 50 plus and mature demographic. 
 

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