COST EFFECTIVE RENOVATIONS

Cost-effective renovations

By

Appraisal Institute of Canada

Thinking of someday selling your home? Check out these home improvements and the corresponding rate of return on the amounts invested.

To renovate your home and increase its market value in anticipation of selling it one day, here are several types of improvements and the corresponding rate of return on the amounts invested.

HIGHEST RETURN:

Bathroom upgrade: 75 percent to 100 percent

Kitchen upgrade: 75 percent to 100 percent

Interior or exterior painting: 50 percent to 100 percent

MEDIUM-LEVEL RETURN:

Roof replacement: 50 percent to 80 percent

Replacement of furnace or heating system: 50 percent to 80 percent

Finished basement: 50 percent to 75 percent

Addition of family room: 50 percent to 75 percent

Fireplace: 50 percent to 75 percent

Installation of hardwood floor: 50 percent to 75 percent

Construction of a garage: 50 percent to 75 percent

Doors and windows: 50 percent to 75 percent

Deck: 50 percent to 75 percent

Central air conditioning: 25 percent to 75 percent

LOW RETURN:

Landscaping: 25 percent to 50 percent

Interlocking paving stones on driveway: 25 percent to 50 percent

Asphalt driveway: 20 percent to 50 percent

Fence: 25 percent to 50 percent

Pool: 10 percent to 40 percent

Skylights: 0 percent to 25 percent

 

Jackie Dall'Orso

Jackie Dall'Orso

Sales Representative
CENTURY 21 Miller Real Estate Ltd., Brokerage*
Contact Me

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