What Renovations Will Yield The Highest Return When I Sell?

In: Real Estate News

27 Nov 2008

The top three renovations you can do to your home with the highest rate of return are:

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

Other top renovations with a high rate of return are:

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

All statistics courtesy: Appraisal Institute of Canada’s 2004 Home Renovation Survey

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  • https://www.betterhomeguide.com/basement-ideas.html best basement ideas

    Its right some renovations are necessary to get higher ROI during selling of house. However, its advisable not to use much expensive renovation projects before selling the home. It may cause decrease the ROI.

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Canada Real Estate News

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