Which home improvement projects give the greatest return on investment?

Posted on: July 17th, 2018

Which home improvement projects give the greatest return on investment?

Royal LePage has just released IMPACT: Home improvement ROI. The 2018 release includes expected home price gains on popular renovation projects as well as insight into seller trends. 

Selling Your Etobicoke Home

Key highlights from the release include:

  • A kitchen renovation is the clear upgrade of choice with the potential to boost a property’s value by more than 12.5 per cent.
  • Both ranking second, a finished basement or a new bathroom has the potential to increase a property’s value between 2.5 per cent and 12.5 per cent, depending on the investment.
  • Adding a pool or deck is considered the least worthwhile renovation to increase a property’s value with pricing potential limited to a maximum of 2.5 per cent of the value of the home.

For Canadians looking for more general guidance on where to focus their home projects, the vast majority of surveyed experts recommended interior renovations (95.0%) over exterior renovations (5.0%). Click here to read the full report. 

Are you thinking of which projects to undertake in your home before putting it on the market? Please get in touch with me and I’ll be happy to provide you with the right information on where to spend your time and money. 

Claim your FREE Strategy Session with me, where we will assess your unique situation and put a plan of action in place that is easy and very rewarding!

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