remodel is a wise investment, often returning more than 100% of the cost. In Ottawa, for instance, a $12,400-bathroom remodel recouped 162% of its cost at resale. The markets in Toronto, Halifax, Montreal, Calgary and Vancouver also offered triple- digit returns on a bathroom remodel. Minor kitchen remodels (average cost: $15,273) also provided returns of more than 100% in these cities. Keep in mind the investments are driven by current style; that is remodel to sell and not remodel to enjoy. Don’t spend money remodeling the bathroom if it’s the only one you’ve got — that money is better spent adding a second bath. Many people love the charm of older homes, but many older homes lack a sufficient number of bathrooms. So if you’ve got a four-bedroom, one-bath home, it’s certainly going to pay to add a second bathroom.
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