There's no denying that home renovations can increase the value of your home.
According to the recent Canadian Home Renovation Survey (2004) from the Appraisal Institute of Canada, a kitchen or bathroom renovation can be expected to nearly double the amount you invest.
$10,000 spent will increase your home's value by $17,500 - $20,000.
To look at another example, for every $1.00 you spend to paint, inside or out, expect to get $1.50 - $2.00 back.
Bathroom renovation 75 - 100%
Kitchen renovation 75 - 100%
Interior painting 50 - 100%
Exterior painting 50 - 100%
Roof shingle replacement 50 - 80%
Furnace/heating system 50 - 80%
Basement renovation 50 - 75%
Recreation room addition 50 - 75%
Installing a fireplace 50 - 75%
Flooring 50 - 75%
Constructing a garage 50 - 75%
Window/door replacement 50 - 75%
Building a deck 50 - 75%
Central air conditioning 25 - 75%
Landscaping 25 - 50%
Interlocking paving 25 - 50%
Building a fence 25 - 50%
Asphalt paving 20 - 50%
Adding a swimming pool 10 - 40%
Installing a skylight 0 - 25%
