Pee,

50 - Friday, April 11, 1986 ~

:. jobs. .
However, if extensive renova: _

: to: shoppt

suit. Your. lifestyle? “Are other’
homes in. the neighbourhood. .
appreciating in Value, or is the“
-eighbourhood, deteriorating?

By Peter Bakonyi
Park Royal

“To relocate or renovate?” ,

That is the question. Our
apologies to Shakespeare, but
when a home tails to meet the
needs of the owner, relocation
or renovation is often the
question.

Tf your home is the right size,
but not suited to your lifestyle,
renovating may be a simple af-
fair: enlarging the kitchen at the
expense of the family room; or

. Making a master bedroom out
of two small bedrooms are
good examples of relatively:

easy and Inexpensive upgrading:

tion or enlargement is'what is
necessary, the project may tum
out to be difficult and costly.
Moving to a new home may be
the only reasonable alternative,
and that-decision should be

. based on your requirements

and your budget:
As with any project involving
a substantial amount of money,

. a Clear- understanding of your .

goals ‘anda well-thought-out
plan to reach them are prere-

quisites, Your home is probably -

your largest asset and the deci-

", slon you make should be the -

one that not only. meets your

: immediate and long-term needs,

but secures your future invest

‘PLA
“OPEN. SAT: 2-4pm.
From Lynn Valley Rd. turn left on Hoskins,
on Langworthy and right’on Lawrence

y
n man magazines is this pretty West
iin -boggling”’,: cliff-hanger..

§ Park. This advanced architectural jewel is Ige-
enough toe

- Renovation vs.

North Shore News

Advertisement

Are you planning to have a
larger family? |

If, your present property
meets all your requirements
with the excertion of size and
design, renovating may be the
solution, However, do an objec-
tive evaluation of the cost in
terms of construction, cdnve-
nience, and the impact on the

future value of your home, .

before’. you decide. that
renovating fs really more feasi-
ble than moving, °

To find ot:t the ramifications
of any of your decisions, talk to

your real estate agent before .
you act. He/she can assess the. -
current market value of your’
home and advise you on the ef- ~

fect renovations will have on
your home's future value. In ad-
dition, he/she can make approx-
imate cost comparisons bet-
ween your current home, your

renovated home and a new .

home.

For instance, you might find
that the renovations ‘you are
considering will make your

house the most expensive in the
neighbourhood. You may not

be able to recoup their cost
when you sell because the value
of a home is tied to the value
of the area in which it is located.

Your second step is to
describe in detail what renova-
tions you want to do and how
much they will cost. Make sure
that your changes do not infr-

». . Inge upon zoning bylaws and -
: building standards. .

Discuss. your: ideas with a

: contractor of architect who will -

give you estirnates on materials

and labour ‘costs. A good rule
‘of thumb {s: that“renovations
‘typically ‘cost anywhere from

_ Peter

nae 19TH & CHESTERFIELD
3 levels, with underground security parking.
bdrms. up, main offers liv. rm., separate din. rm.,
& cosy European kitchen. Call me now and en-
‘Joy: the easy lifestyle of townhome living, “!"

Relocation

$20 to $35 per square foot for

"a kitchen or a bathroom, and up

to $50 to $100 per square foot
for a major job like an addition.
Also find out how long con-
struction will take.

. If the renovations are exten-
sive; it may be best for you and
your family to check into a hotel
while the work is being done.
Be sure to allow for this ex-
pense and add it to your list of
costs.

Comparing. the costs and

” benefits of renovating with

those of moving toa new house
may assist you in your decision.
The assessment of your cur-
rent house will provide a good
gulde to what you will need in
a new. home.‘ Remember, the
more precise you are in describ-
ing your needs the easier it will
be for your real estate agent to
show you suitable properties.

“In addition; don’t forget such °

“hidden” moving expenses as
new drapes or appliances and
decorating costs. Consider, too,
the amount of time it will take
to sell your house and purchase
another — on average from two
to six months,
Only after considering all the
alternatives will you know if
moving is to be or not to be.

Peter Bakonyi is the branch
manager of the Royal LePage
office at 1760 Marine
Drive; West Vancouver.

For more information, contact ©
Bakonyl at. :

926-601 1.

: A REAL SHOW PLACE -
: FOR THE YOUNG EXECUTIVE.
“GORGEOUS OCEAN VIEW
oo) ve SOREN SUN. 2-4 PM - .
“5502. ‘PARTHENON PLACE — WEST VAN

Excellent value —" excellent opportunity: to
;. become part: owner of a 58,000 sq. ftiwaterfront
_ park. Home is freehold with: top-notch quality:

Master bdrm. offers balcony’ & a 6 -pce.’enst

.'. Total of 4 bedrm., 3 full baths, 2 fireplaces, den
off westbar anda ige. gourmet kitchen with cen-
tre isle & atrium. All rms, lead to a huge sundeck
. facing .S/W. towards.ocean. Also’room for ine

— ground, pool. Only $259,000. Call. now.

KEITH

Invites you to
OPEN HOUSE at

foute to School for children. :

1240, FREDERICK RD.
~ CENTRAL LYNN VALLEY:

: Close’ to schools, transportation: & shopping.

Three level split; like new, back yard is fully land-

- Scaped & completely fenced. 140" 8. :

. throughout..Over,3,200’sq. {5 of sheer. juxury .

floor to ‘celing stone gas tnopiees plus ; a pretty
’ eastern: iy view A U
$10!

 THIBODEAU

‘Res. 988- 5673 Off. 985- 8231 |

4270 CAPILANO ROAD

. on See you here 7

Bedrooms plus ‘study — — view from LIR, D/A, kit: “and ana, Pa Large. lot.
: (71'x121" approx.) provides additional access to Bracknell Pl. and safe

NT!
io) BEDRMS. PLUS iN: LAW:ACCOM

. ‘Ideal for ige. family that seéks privacy. Lot s Iga:

bright and level with four fruit-trees, com etel
fenced: and’ two separate entrances: ;
garage plus carport & loads of | storage. New' t
& extensively rem

: Good investment.”

chen offers large center island, pretty, eating area

. with sees Ige. den off. cozy, family ia Three
bi