ROI Statistics on Home Upgrades

source: http://www.tonyiannetti.ca  

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%

bathroom 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!

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