Tuesday, June 17, 2008

Top Renovations That Yield The Best Return

Although sales remain strong throughout our area, current market conditions are such that through the end of May, listings have increased 7% over last year while expired listings are up 25% both factors of which are above the 4% increase in sales. The end result is that there are a significant number of properties for sale both resale and new, giving buyers lots to choose from. When listing properties for sale, many clients seek input on what their home requires in order to present it to prospective buyers in such a manner as to obtain the best possible selling price in the shortest length of time.
Many sellers invest money on renovations or improvements that offer little or no return on their investment much less do they enhance their home in the eyes of prospective buyers. At the same time, sellers often ignore the basic improvements that will improve the salability of their homes, making them more difficult to sell. In my book, honesty is always the best policy and sometimes you have to be brutally frank with sellers when it comes to preparing their home to sell.
Royal LePage has recently conducted a study that identifys the top renovations which add equity to your home while making it more appealing to potential buyers. These include basics such as painting, decorating, updating light fixtures and more. To see the full Royal LePage report including estimated rates of return, please click on the following link:

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Royal LePAGE Locations North (Brokerage)

330 First Street, Collingwood, ON L9Y 1B4


Direct: 705-443-1037

Office: 705-445-5520 ext 230


My Profile

Rick relocated to Collingwood from Toronto in 1985 through a transfer with Goodyear Canada. In 1987 Rick was recruited by a major client of Goodyear’s, managing their Canadian business based in Barrie before moving to Chicago in 1992 as Vice President of Sales & Marketing. Upon returning to Canada in 1996, Rick ran an industrial products manufacturing company in Stratford, Ontario. In 1998 Rick returned to Collingwood with his two children. Rick is a licensed real estate Broker with Royal LePAGE Locations North in Collingwood and holds his MVA designation (Market Value Appraiser-Residential). He is an active volunteer in the community serving several years on the Board of Directors with the Collingwood Chamber of Commerce as Treasurer, 6 years on the Board of Directors for the Southern Georgian Bay Association of REALTORS® of which he is the Past President (2008) and currently serves on a committee with the Ontario Real Estate Association. Rick is a diverse executive manager with extensive experience in strategic planning, manufacturing, finance, human resources and quality assurance management.