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Home Renovation Return on Investment

Blog by Michelle Wright | June 25th, 2016

Not all home improvements are equal! Have you ever wondered what the approximate return on investment is for major improvements or renovations on your home? Here is a general idea:

Bathroom or kitchen upgrade 75-100%
Painting 50-100%
Roof replacement 50-80%
Replacement of furnace/heating system      50-80%
Installation of hardwood floors 50-75%
Windows and doors 50-75%
Finishing the basement 50-75%
Landscaping 25-50%

A well-informed, full-time REALTOR® is an excellent resource to consult prior to doing home improvements. I happen to know one! ;) I know what buyers are looking for, and have a strong referral network of skilled tradespeople in the area that I could connect you with.

If you are looking for someone to weigh in before you start a new project on your home - whether the reason is to eventually put the house up for sale or just to enjoy for yourselves for years to come - I am happy to help! Call anytime :)

Source: CMHC*