DO HOME IMPROVEMENTS REALLY INCREASE THE VALUE OF YOUR HOME?

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DO HOME IMPROVEMENTS REALLY INCREASE THE VALUE OF
YOUR HOME?
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• Whether youre a Canadian homeowner getting
  involved in a home improvement project, or an
  investor, with the evidence showing that doing so
  can have numerous benefits, its little wonder so
  many Canadians are starting such projects. For
  those wishing to improve their home for
  livability purposes, home improvements can have
  an immensely positive impact on daily life,
  whereas for investors, renovations can help
  improve a propertys salability and increase its
  value.
• That said, with construction costs on an upward
  trajectory, both homeowners and investors need to
  strategically plan a renovation project, and give
  careful consideration to what rooms or area of
  the property they want to renovate, and why.

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• Lets look at some of the most popular home
  improvement projects, and what rate of return
  they typically offer
• Bathroom
• Renovating the bathroom is a popular choice, and
  as this room is frequently used by all members of
  a household, improving it can really only have
  positive consequences for both homeowners and
  investors.
• The average bathroom remodeling project costs
  between 150 and 250 per square foot, which is
  costly to say the least, but it typically offers
  one of the highest rates of return, at 70 to
  100. Spending 11,000 on such a project could
  see you increase the value of your home and
  enable you to earn that full amount back.

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• Kitchen
• Outperforming all other renovation projects,
  kitchen remodels can add over 12.5 to a
  propertys value, and are often seen as being the
  single most significant value-adding upgrade.
• A fresh coat of paint
• Much less costly than renovating a room,
  repainting a home can add a lot to a property
  when it comes to selling it, and with an average
  return rate of 50-100, a professional paint job
  can add a lot to a property, with minimal
  investment.

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• Understanding the market
• This is vital if youre to make an informed and
  rational decision about making home improvements
  in the hope of increasing the value of your home,
  and conducting extensive market research is the
  best way of ensuring that your remodeling project
  is worth the added expense and effort.
• At the end of the day, a home improvement project
  designed to improve your quality of life while in
  your own home, can never be a bad decision,
  provided its successful. When it comes to
  increasing the value of a property though, youll
  need to think and spend wisely in order to get
  the highest return on your investment.

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• If youve recently carried out some home
  improvements and are looking to sell your home,
  reach out to a qualified real estate agent today.
  If youve found a newly renovated property that
  you can see yourself living in, schedule an
  appointment with a local mortgage broker to get
  the ball rolling, and take the first steps
  towards purchasing your dream home.

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• Red Key Mortgage is located in Calgary, Alberta.
  We are a boutique brokerage with high volume
  serving hundreds of clients locally and
  nationwide every year. We have a number of
  associates dealing in mortgages as licensed by
  the Real Estate Council of Alberta. Being one of
  the best mortgage specialist in calgary, Red Key
  Mortgage, will provide all of your available
  options from the entire mortgage market and allow
  you to make an educated decision where you'd like
  your mortgage to go. Red Key Mortgage works with
  big banks in Canada, as well as over a dozen
  other AAA lenders. Best of all, our services are
  paid for by the lenders at no additional cost to
  our clients. If you are looking for 2nd mortgage
  in calgary, contact us today! We can't wait to
  get started.