Real Estate Blog - market value

The Best Home Renovations for the Biggest ROI

Posted by Infinity Admin on February 5th, 2023

Pandemic living has changed how Canadians think about renovations: according to the RE/MAX 2021 Renovation Investment Report, more than half of Canadians renovated their homes during the year. While only 16 per cent explicitly renovated to increase their home’s market value, nearly 60 per cent said they still considered the return on investment.

Prepping your house for sale can often require an investment to bring it up to current standards and help it compete in the hot real estate market. Especially if you’ve lived in the house for several decades, you may be blind to your home’s shortcomings. Here, we examine the top home renovations to ensure your return on investment.

Paint

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A Beginner’s Guide to Flipping a House

Posted by Infinity Admin on August 17th, 2022

The Canadian government has set its sights on the house-flipping industry to cool housing prices. Ottawa held that slapping an anti-flipping tax would help bring down home valuations, allowing a greater number of prospective homebuyers to purchase a property. Indeed, flipping a house in the Canadian real estate market can be wealth-generator for individuals and corporations, under the right market conditions. But how can you take advantage of such opportunities?

We have compiled a guide of the best tips to keep in mind.

A Beginner’s Guide to Flipping a House

#1 Do the Math

When flipping a house, some people think it’s merely about the market value. However, several other financial factors are critical to remember.

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How Much Can a Renovation Add to Home Value?

Posted by Infinity Admin on March 8th, 2022

Spring is right around the corner, and you may be thinking about making some home improvements. You love your home, but perhaps you want something a little bigger, or a little nicer. A renovation can get you there. At the same time, remodelling certain areas of your current home may lead to a higher value when you’re ready to sell.

While certain renovations can add to the value of your home, this is not always the case. That’s why it is essential to consider how much time and money the remodel will cost, and if the return on investment (ROI) will be worthwhile.

How much can a renovation add to home value? That depends on a number of factors, but here are a few of the best home renovations to consider.

Interior…

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Challenging Canadian Real Estate Market, Covid-19 Put Focus on Home Renovations

Posted by Teri-Lynn Jones on January 17th, 2022

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A recent RE/MAX Canada report has highlighted shifting consumer trends in Canadian real estate, driven primarily by challenging market conditions and Covid-19. The 2021 Renovation Investment Report found more than half of Canadians renovated their home for personal enjoyment, not the perceived return on investment (ROI) that was the driver behind many renovation decisions in the past. Tightening market conditions from coast to coast and the “lockdown effect” of Covid-19 were factors in the shift.

Renovation Trends in Canadian Real Estate

• Three in 10 Canadians (29 per cent) renovated for non-essential “lifestyle” reasons, such as recreation/entertainment projects.
• More than half of Canadians renovated their…

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