Renos - Return on Investment

As a home owner you do need to protect your investment by doing maintenance and upgrades.

It is especially important to keep up the value for re-sale and   re-financing

However, do you think you will get back 100% on your home improvements when you sell?

Here is a chart to help you determine the return on your investment or go to the interactive Renos Worksheet to calculate them. CLICK HERE

 

 Bathroom Renovation RIO:

75% - 100%

 Kitchen Renovation RIO:

75% - 100%

 Exterior Paint RIO:        

75% - 100%

 Interior Paint RIO:

50% - 100%

 Basement Renovation RIO:

50% - 100%

 Recreation Room Addition RIO:

50% - 75%

 Install a Fireplace RIO:

50% - 75%

 Flooring Upgrade RIO:

50% - 75%

 Furnace/Heating System Upgrade RIO:

50% - 75%

 Window/Door Replacement RIO:

50% - 75%

 Construct A Garage RIO:

50% - 75%

Exterior Siding RIO:                  

50% - 75%

These items are among the lowest Return on Investment:

 

 Landscaping RIO:          

25% - 50%

 Build a Fence RIO:

25% - 50%

 Interlocking Paving RIO:

25% - 50%

 Asphalt Paving RIO:

25% - 50%

 Install Home Theatre Room RIO:            

25% - 50%

 Interlocking Brick (Walkways) RIO:

25% - 50%

 Installing a Whirlpool Tub RIO:

0% - 50%

 Install A Swimming Pool RIO:

0% - 25%

 Install a Skylight RIO:

0% - 25%

 

You can find the Appraisal Institute of Canada's RENOVA interactive web-based guide to the value of home improvements here.

You should be aware that RENOVA is a guide, which provides ranges. Home values and returns on renovation investments are dependent on so many factors such as the location of the property, i.e. province, rural/urban, the neighbourhood and notably important is the quality of workmanship and materials.