Home Improvements, yes or no?

Author: Clinton Howell | | Categories: Downsizing , Downtown Burlington realtor services , Family homes for sale , First time buyers , Home buyers , Home sellers , Homes for sale in Burlington , Houses for sale in Burlington , List your homes Burlington , Mls listings Burlington , Moving from Toronto , New homes in Burlington , New houses for sale , Property for sale in Burlington , Real estate agents , Real estate in Burlington , Real estate listings Burlington , Realtors in Burlington

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Similar to the “perfect wedding” that you have always dreamed of, having that “perfect home” is the second chapter to that dream. Ask yourself this question: Does it make financial sense to move forward and get the hardwood floors that you have always wanted? The answer is yes, it does.

Here is why

A study conducted by the team of Remodelling Magazine took a look at the average cost for a list of popular remodelling projects with the value those projects retain at resale. Here are the findings:

  1. Replacing practical features like installing smart lighting and automatic windows are on average more valuable upon resale.
  2. Similarly, exterior projects have a higher overall cost-value ratio, for example, adding a deck.
  3. If you really feel like spoiling yourself, remodelling larger areas such as bedrooms, basements and bathrooms, require a large initial investment but potentially lead to better resale price to the owners making up for the investment.

I recommend using home equity to finance your large projects. This is because home equity loans offer a lower interest rates when compared to other lines of credit.

So let’s talk about getting you that hardwood floor, shall we?

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