Top 5 Home Renovations

Home renovations go hand-in-hand with home maintenance to ensure your property maintains its value. Before you consider any home renovations, know your budget and why you are renovating. Are you getting the property ready to sell? Do you plan to stay in your current home? Regardless of your plans, here are some top 5 lists for home renovations from the Appraisal Institute of Canada.

Renovations with the highest return of investment:

  1. Kitchen
  2. Bathroom
  3. Repainting interior and exterior
  4. Updating Décor - lighting and plumbing fixtures, counter tops, replacing worn flooring (vinyl or carpets) or refinishing hardwood floors
  5. Declutter

Renovations with the highest enjoyment value:

  1. Basement finishing
  2. Garage
  3. Sun rooms/additions
  4. Decks/Fences
  5. Landscaping

Renovations to maintain the worth of your property

  1. Roof replacement
  2. Heating/cooling system update
  3. Replace windows and doors
  4. Update electrical ((panel, wiring, sockets, fixtures)
  5. Repair any structural defects