Did you know you can get up to 100% return on a kitchen reno?
According to the Appraisal Institute of Canada, kitchens and bathrooms continue as number one followed closely by a coat of paint. Here are the stats for ROI on various home reno projects:
kitchen upgrade: 75%- 100%
interior painting: 50% - 100%
roof replacement: 50% - 80%
expansion (addition of a family room): 50% - 75%
doors and windows: 50% - 75%
deck: 50% - 75%
installation of hardwood floor: 50% - 75%
construction of a garage: 50% - 75%
finished basement: 50% - 75%
wood fence: 25% - 50%
interlocking paving stones on driveway: 25% - 50%
landscaping: 25% - 50%
Statistically, kitchen and bathroom renos show a great return but one thing to remember is that a clean and tidy house and yard will show much better than the alternative... this is probably the best place to start!