Everyone knows Kitchen’s and Bath’s sell homes. When considering any “reno” here a few options for getting the biggest return on your investment.
-Bathroom Renovations 75-100%
-Kitchen Renovations 75-100%
-Interior Painting 50-100%
-Exterior Painting 50-100%
Here’s a look at the return on investment you can expect from 25 of the most popular home renovations, according to the Appraisal Institute of Canada:
Bathroom and kitchen renovations are the real winners, providing a return on investment of about 75 to100 per cent, followed closely by exterior or interior painting at 50 to 100 per cent.
Other safe bets include basement renovation, garage construction, window/door replacement, rec room additions and fireplace installation, which return about 50 to 75 per cent, as do exterior siding and upgrades to flooring or furnace/heating systems.
