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House Renovations And ROIs |
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Renovations, and the return on its investment for thr DIY's:| | Cost | ROI | | Paint the interior | $1000 | 50-100% | | Replace carpeting with affordable laminate | $2,000(1000sqft) | 50-75% | | Install new light fixtures | $2000 | 60-70% | | Groom exterior landscape | $2000 | 25-50% | | Replace knobs, hardware | $2000 | 75-100% | | Update entryway | $3000 | 50-75% | | Replace carpeting, laminate for hardwood | $5000(1000sqft) | 50-75% | | Build a fence/deck | $5000 | 50-75% |
Contractor Renovations:| Add bathroom on main floor | less than $5000 | 50-100% | | Renovate bathrooms | $5k-$8,000 | 75-100% | | Renovate kitchens | $12,000-$15,000 | 75-100% |
Source:appraisel institute of canada RENOVA, 2008 Estimates assume mid-grade quality finishes, labour excluded
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