Top 10 Renovations for Best Resale Value

Did you know that a survey completed by the Royal Bank of Canada in 2011 shows that 55% of homeowners plan to renovate or make improvements in 2012. Furthermore, a CMHC survey conducted in 2011 shows 52% of owners renovated due to updating/adding value to their home in preparation for selling.

A couple of weeks ago, we came across a wonderful document that had payback potentials on renovations that apply to your home after a renovation is completed.  We loved the idea, but since it was a document made in the United States, it didn’t have the same percentage potentials as in Canada, and of course in different markets, different variables apply.

As one of the founders of Lorenz Developments (Shannon), my passion for the business comes from the desire to help people make the best returns on their investments.  I am also a real estate investor, so this comes very natural to me and its something that I love to talk about and could talk about all day long!  Since I have such a strong desire to learn and understand about property valuation I also enrolled at UBC in the Post Graduate Certificate of Valuation so that I could even become more of an expert in this field. Through the combined knowledge of my experience as a real estate investor, my education and being married to an expert contractor we created this document.

The document is very easy to read and breaks down the top 10 pay back potentials.  We also applied average costs and trends for 2013 as per each category.

If you are looking to buy or sell your home and you want to speak to a renovation expert, we are happy to offer you a free consultation where we can advise you on the best payback potentials for your home and also suggest renovation ideas that best suit your needs and lifestyle. Our process is simple to understand, our billing is very streamline and customer service + communication is key throughout your entire project.

If you want a pdf of this document to print out please email shannon@lorenzdevelopments.com

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Jason Lorenz | Owner | 
jason@lorenzdevelopments.com

Squamish: 604 892 7652
Vancouver: 778 378 7652

 

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