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Increase Your Home Value

The top three renovations that get sellers the most money* are:

  • Bathrooms (75 to 100% return)
  • Kitchens (75 to 100% return)
  • Interior and exterior painting (50 to 100% return)

Other renovations and their average rate of return (the value the add compared to what they cost) include:

  • Replacing roof shingles (50 to 80%)
  • Replacing the furnace and heating system (50 to 80%)
  • Renovating the basement (50 to 75%)
  • Adding a recreation room (50 to 75%)
  • Installing a fire place (50 to 75%)
  • Up-grading floors (50 to 75%)
  • Building a garage (50 to 75%)
  • Replacing windows and doors (50 to 75%)
  • Building a deck (50 to 75%)
  • Installing central air conditioning (25 to 75%)

*Appraisal Institute of Canada’s 2004 Home Renovation Survey     


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