{"id":3760,"date":"2017-08-23T11:37:00","date_gmt":"2017-08-23T15:37:00","guid":{"rendered":"https:\/\/viacapitaledumontroyal.com\/?p=3760\/"},"modified":"2019-08-27T14:35:58","modified_gmt":"2019-08-27T18:35:58","slug":"property-renovations","status":"publish","type":"post","link":"https:\/\/viacapitaledumontroyal.com\/en\/property-renovations\/","title":{"rendered":"Property Renovations: What to Invest in Before Selling Your Home"},"content":{"rendered":"<p style=\"text-align: center;\"><iframe loading=\"lazy\" src=\"https:\/\/www.youtube.com\/embed\/r12YzQP_bPE\" width=\"560\" height=\"315\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/p>\n<p><span style=\"font-weight: 400;\">This week on <\/span><span style=\"font-weight: 400;\">CIBL\u2019s <\/span><a href=\"https:\/\/www.facebook.com\/lesorangespressees\/?fref=ts\"><span style=\"font-weight: 400;\">Les Oranges Press\u00e9es<\/span><\/a><span style=\"font-weight: 400;\">, our discussion<\/span><span style=\"font-weight: 400;\"> will be based on an article from <\/span><i><span style=\"font-weight: 400;\">La Presse<\/span><\/i><span style=\"font-weight: 400;\"> titled<\/span><a href=\"http:\/\/www.lapresse.ca\/maison\/immobilier\/conseils\/201606\/07\/01-4989322-renover-pour-mieux-vendre-ou-investir-et-ou-ne-pas-le-faire-.php\"> <i><span style=\"font-weight: 400;\">Renovating for Better Sales: Where to Invest, and What to Avoid<\/span><\/i><\/a><i><span style=\"font-weight: 400;\">. <\/span><\/i><span style=\"font-weight: 400;\">Using it as a guide, we will<\/span><span style=\"font-weight: 400;\"> go over the most advantageous renovation projects for a home seller.<\/span><\/p>\n<p><i><span style=\"font-weight: 400;\">Home Expansions<\/span><\/i><\/p>\n<p><span style=\"font-weight: 400;\">Getting a return on an investment from a property expansion is not always guaranteed and can depend on many different factors. For example, the expansion of a home in the suburbs is not recommended because of neighborhood standards. If you start modifying your property, it will no longer correspond to the square footage of surrounding homes, and you\u2019ll risk losing the capital gain on your investment. On the other hand, in some Montreal neighborhoods like Ahuntsic, the demand is quite high, so the money spent on expansion projects has a higher probability of being recovered.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><i><span style=\"font-weight: 400;\">Basements<\/span><\/i><\/p>\n<p><span style=\"font-weight: 400;\">Many believe that unfinished basements are a perfect opportunity for future owners to design a space to their liking. However, it is strongly advised to finish the space before the sale, since y\u00adoung families purchasing their first homes rarely have the necessary funds for such renovations.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><i><span style=\"font-weight: 400;\">Flooring<\/span><\/i><\/p>\n<p><span style=\"font-weight: 400;\">A house\u2019s design and interior decoration are often the product of fashion trends.<\/span> <span style=\"font-weight: 400;\">Updating out-of-fashion materials without spending excessive sums will play in the seller\u2019s favor since these types of renovations guarantee a recovery of investments.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><i><span style=\"font-weight: 400;\">Swimming Pools and Landscaping<\/span><\/i><\/p>\n<p><span style=\"font-weight: 400;\">If you decide to launch yourself into the construction of an in-ground pool, keep in mind that you will never secure a total return on your investment. <\/span><span style=\"font-weight: 400;\">The cost of installing an in-ground pool is estimated at $50,000, while the return will only get you between $10,000 and $15,000.<\/span> <span style=\"font-weight: 400;\">Although we can\u2019t quantify the luxury and moments of happiness that come with owning an in-ground pool, be aware that future potential buyers will have their own expectations and notions of luxury!<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Follow us on<\/span><a href=\"https:\/\/www.facebook.com\/ViaCapitaleMontRoyal\/\"> <span style=\"font-weight: 400;\">Facebook<\/span><\/a><span style=\"font-weight: 400;\">!<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>This week on CIBL\u2019s Les Oranges Press\u00e9es, our discussion will be based on an article from La Presse titled Renovating for Better&#8230;<\/p>\n","protected":false},"author":321,"featured_media":3348,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[313,238,235,252,271],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v19.13 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Property Renovations: What to Invest in Before Selling Your Home<\/title>\n<meta name=\"description\" content=\"Getting a return on an investment from a property expansion is not always guaranteed and can depend on many different factors.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/viacapitaledumontroyal.com\/en\/property-renovations\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Property Renovations: What to 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