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Home Renovations


 

    Expert advice by Danny Lipford
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Renovations
What renovations will give me the greatest return when selling my property?
 

The top three renovations that get you the most money* are:

  1. Bathrooms (75 to 100% return)
  2. Kitchens (75 to 100% return)
  3. Interior and exterior painting (50 to 100% return)

*Appraisal Institute of Canada's 2004 Home Renovation Survey

Other renovations and their average rate of return (the value they add compared to what they cost) include:

  • Replacing roof shingles (50 to 80%)
  • Replacing the furnace and heating system (50 to 80%)
  • Renovating the basement (50 to 75%)
  • Adding a recreation room (50 to 75%)
  • Installing a fire place (50 to 75%)
  • Up-grading floors (50 to 75%)
  • Building a garage (50 to 75%)
  • Replacing windows and doors (50 to 75%)
  • Building a deck (50 to 75%)
  • Installing central air conditioning (25 to 75%)

 


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Home Improvements

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