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The Appraisal Institute of Canada compared typical costs for renovations versus the impact on a home’s selling price to come up with a “payback range” for common projects.
Bathroom reno – 75% to 100%
Kitchen reno – 75% to 100%
Installing a deck – 50% to 75%
Exterior siding – 50% to 75%
Flooring upgrade – 50% to 75%
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HOME IMPROVEMENT COSTS
The home inspection company, Carson Dunlop, issues a bulletin which lists the costs of improvements for a broad spectrum of areas in your home. Click on the link to Download carson_dunlop_home_improvement_costs.pdf.
The costs are based on information obtained in the Southern Ontario area. Please note that contractor quotations vary based on the quality of workmanship and materials used. The complexity of the job, accessibility and even economic conditions can also alter actual costs.
Carson Dunlop
Other useful renovating websites and list of renovators in the GTA:
http://www.renomark.ca/Local_Toronto/index.asp
http://www.renomark.ca/Local_Toronto/members.asp
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Canada's $50-million home renovation industry will get to taste a morsel or two off the financial dinner plate laid out by the federal government. As part of its $40-billion budget released last week, homeowners undertaking renovations will be able to claim a maximum tax credit of $1,350 from additions and upgrades made to their homes. For those looking to do some retrofit, the Home Renovation Tax Credit will let them claim 15 per cent of renovations that cost between $1,000 and $10,000 until Feb. 1 of next year. more here (The Toronto Star article published Jan 27th)Tax breaks offered to homeowners
If you're thinking about that refurbished kitchen, or putting in an extra bathroom or a new deck, this may be the year to act, because the tax man will help with the bills.
Here a wealth of information here. Thanks! I’ll be back for more
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Posted by: www.gr-street.ru | Thursday, May 02, 2013 at 05:02 AM