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Renovations
What renovations will give me the greatest return when selling my property?
The top three renovations that get you the most money* are:
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Bathrooms (75 to 100% return)
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Kitchens (75 to 100% return)
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Interior and exterior painting (50 to 100% return)
*Appraisal Institute of Canada's 2004 Home Renovation Survey
Other renovations and their average rate of return (the value they add compared to what they cost) include:
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Replacing roof shingles (50 to 80%)
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Replacing the furnace and heating system (50 to 80%)
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Renovating the basement (50 to 75%)
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Adding a recreation room (50 to 75%)
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Installing a fire place (50 to 75%)
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Up-grading floors (50 to 75%)
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Building a garage (50 to 75%)
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Replacing windows and doors (50 to 75%)
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Building a deck (50 to 75%)
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Installing central air conditioning (25 to 75%)
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