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Some renovations can seem more promising than others regarding your return on investment. In a buyers market, certain home upgrades are necessary to get top value for your home and to move quickly.
The following information is a range of the 20 most popular renovation improvements identified by a survey of the Appraisal Institue of Canada. The Goal of the survey was to determine, in the informed opinion of Canada's professional real property valuers, what effect home improvement projects have on the value of resale house.
Please note: Home values and returns on renovation investments are dependent on so many factors such as the location of the property, i.e. rural/urban, the neighbourhood and notably important is the quality of workmanship and materials.
Renovation |
Resale Recovery |
| Basement Renovation |
50 - 75% |
| Bathroom Renovation |
75 - 100% |
| Install Central Air |
25 - 75% |
Recreation Room
|
50 - 75% |
| Adding a Fireplace |
50 - 75% |
| Flooring Upgrade |
50 - 75% |
| Furnace/Heating Upgrade |
50 - 80% |
| Kitchen Renovation |
75 - 100% |
| Landscaping |
25 - 50% |
| Exterior Paint |
50 - 100% |
| Interior Paint |
50 - 100 % |
| Adding a Swimming Pool |
10 - 40% |
| Window / Door Replacement |
50 - 75% |
| Roof Shingle Replacement |
50 - 80% |
| Build a Deck |
50 - 75% |
| Construct a Garage |
50 - 75% |
| Build a Fence |
25 - 50% |
| Install a Skylight |
0 - 25% |
| Interlocking Driveway |
25 - 50% |
| Ashphalt Paving |
20 - 50% |
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