Centura Tile Explains Return on Value behind Renovations

Centura Tile advises homeowners on the types of renovations that will add value to their homes when they prepare to sell.

Centura Tile (www.Centura.ca), North America's premier distributor of both residential and commercial floor and wall fashions, is offering advice to homeowners who are planning ahead when it comes to selling their properties. Home renovation projects are a well-established way to increase a house's value; however, not all renovations add the same value or recoup the same costs.

"A lot of renovation benefits stem from how they improve liveability," explains Ross Keltie, the Vice President of Sales and Marketing for Centura Tile. "This means changes that do more than just improve aesthetics but that could also alter or enhance how someone uses the rooms. Turning a basement into a living room, for instance, is one example of this and tends to produce approximately 69% return on investment."

Other valuable renovations include kitchen upgrades or complete overhauls and bathroom renovations producing average returns on investment of 67% and 58% respectively. Interestingly and somewhat predictably, the large majority of homeowners (roughly 74%) find themselves enjoying their homes more following such changes. (Source: Price Mueller, K., “Which home improvements are the smartest for resale value?” New Jersey 101.5 web site, December 18, 2015; http://nj1015.com/which-home-improvements-are-the-smartest-for-resale-value/.)

"Completing renovations with an eye towards selling a few years down the line is common practice, and an added bonus to recouping a large portion of the expenses is having the opportunity to enjoy the revamped property prior to selling," Keltie observes. "The renovations that people make for themselves are sometimes different from the renovations they make for re-sale value, so it is always nice when the two line up; a win-win situation."

Centura Tile has been a staple of interior design throughout Canada since 1933. Its showroom hosts a wide selection of floor and wall tiles at affordable prices for both contractors and do-it-yourself homeowners. More information on Centura Tile's products can be found at www.Centura.ca.

Contact Info:
Name: Ross Keltie
Email: Send Email
Organization: Centura Tile
Address: Centura Tile 950 Lawrence Ave W Toronto, Ontario M6A 1C4
Phone: 416–785-5151
Website: http://www.centura.ca/

Release ID: 101056