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value and importance . Renovation Statistics are shown below as a percentaage of the amount paid for renovation. These percentages are not absolute dollar for dollar payback but can be used as agauge for how attractive certain renovations are in the various home price ranges. (Source: Statistics Canada)
| Upgrade |
350,000 -400,000 |
400,000 -450,000 |
450,000 -500,000 |
500,000 + |
| Kitchen and Appliances | 65% | 75% | 64% | 58% |
| New Shingles | 62% | 62% |
61% |
42% |
| Interior Paint Job |
58% |
48% |
42% |
56% |
| New Windows |
58% |
64% |
59% |
40% |
| Bath & Kit Plumbing |
70% |
67% |
54% |
43% |
| Fireplace Addition |
50% |
45% |
42% |
26% |
| New Flooring |
55% |
49% |
49% |
46% |
| Brick Landscaping |
48% |
49% |
37% |
39% |
| Landscaping or Decking |
46% |
43% |
39% |
34% |
| Wall Removal |
35% |
40% |
34% |
32% |
| New Carpet |
28% |
27% |
26% |
17% |
| Swimming Pool |
19% |
20% |
17% |
17% |
RE/MAX Kelowna
100 - 1553 Harvey Avenue
Kelowna BC V1Y-6G1
(250)717-5000
100 - 1553 Harvey Avenue
Kelowna BC V1Y-6G1
(250)717-5000
Real Estate License # 069008
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