Flipping For Income Continued: A Toronto Home Staging Perspective

By
Home Stager with CM Staging Solutions Inc

If you're looking to flip homes a your primary source of income, then check out improvements that can get you the biggest Return On Your Investment (ROI).

Top Fall Home Renovation Projects

Various industry experts in the Toronto area note the most profitable renovation projects are improvements to kitchens and bathrooms, with a potential return on investment of 75 to 100 per cent. Painting - both interior and exterior - can also result in a high return of around 50 to 100 per cent.

According to the survey, Canadian homeowners are making the right choices for renovations; 37 per cent of fall renovation plans focus on bathrooms, followed by kitchen improvements at 34 per cent and bedroom renovations at 29 per cent. BMO Financial Group

If you're looking to increase the value of your home via renovation before selling, experts suggest following a few common-sense guidelines.

  • Build for good returns.Sticking with the projects that are most likely  to increase your investment gives you a good margin of safety in case things don't go as planned. When in doubt, leave it out.
  • Build to similar quality as the rest of your home and the homes surrounding it. Improvements that are "over-built" will not realize full value.
  • Build for your location. Don't add air conditioning if you only need it for 2 days in August. Compliments of Rid Of It

Bathroom renovation

75-100%

Kitchen renovation

75-100%

Interior painting

50-100%

Exterior painting

50-100%

Roof shingle replacement

50-80%

Furnace/heating system

50-80%

Basement renovation

50-75%

Recreation room addition

50-75%

Installing a fireplace

50-75%

Flooring

50-75%

Constructing a garage

50-75%

Window/door replacement

50-75%

Building a deck

50-75%

Central air conditioning

25-75%

Landscaping

25-50%

Interlocking paving

 25-50%

Building a fence

25-50%

Asphalt paving

20-50%

Adding a swimming pool  

10-40% 

Installing a skylight

0-25%

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For more information on home staging in the Toronto area or furniture and accessory rental, contact me.   To see information on the show click on the Income Property button below.

Rachel

 Toronto Home Staging HGTV's Income Property

 

 

 

8-153 Bridgeland Ave

Toronto, ON M6A 2Y6

416 256-0088

www.cmstaging.com

www.cmfurniturerental.com

 

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