Home Improvements That Do NOT Add Value
Google 'Home improvements' or any variation of how to increase the equity in your home and a gazillion websites will come up on your screen. Ok you may have to scroll. What about stuff that may upgrade the look and help sell faster, but won't get you more loonies and toonies? Everyone knows that inground swimming pools are not a good investment other than for personal enjoyment. However if you think the cost of replacing windows will roll into the selling price (and then some), it ain't gonna happen. You are better off just cleaning the frames and washing the glass. Same thing with flooring. Central air is nice for the 6 days we in Ottawa need it but don't expect cool to translate into cool cash. Upgrading the kitchen appliances is fine so long as you don't get all fancy schmancy. And overall, the rule of thumb is never increase the value of a home by more than 15-20% beyond other homes in the neighbourhood, otherwise buyers will look at cheaper options.
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