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
|
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.
Posted by Debbie White
on January 18, 2012