10 Home Renovations With The Highest Return On Investment

HGTV Canada

1. Kitchen Renovations

Among the top 3 renovations with the highest return on investment in 27 of 31 housing markets. Return on investment typically falls between 75-100%.

2. Paint

Top 3 renovation for return on investment in 18 of 31 markets. Return on investment is around 60% with professional, neutral colors.

3. Bathroom Renovations

Top 3 for return on investment in 17 markets, including Toronto and Vancouver. Return on investment is around 62%, with a focus on eye-catching areas.

4. Flooring

Top 3 for return on investment in 14 markets. Return on investment ranges between 100-150% with quality installation.

5. Basement

Top 3 for return on investment in 5 markets. Return on investment is around 75%, with a focus on functional improvements.

6. Open Concept Rooms

Top 3 for return on investment in 3 markets, including Calgary and Edmonton. Improves flow, but be cautious with wall removal in work-from-home areas.

7. New Roof

Top 3 for return on investment in 2 markets (Victoria, Winnipeg). Return on investment up to 75%, making it a cost-effective investment.

8. Landscaping

Top 3 for return on investment in 2 markets (Ottawa, Barrie). Simple exterior modernization boosts value.

9. Exterior Upgrades

Top 3 for return on investment in 1 market (Muskoka). Return on investment around 50%, professional execution is recommended.

10. New Windows

Top 3 for return on investment in 1 market (Muskoka). Return on investment up to 75%, with energy-saving options being key.

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