|
Top Do-It-Yourself Renovations With Best Return On Investment |
|
Paint the interior |
$1,000 |
50-100% |
|
Replace carpeting with affordable laminate |
$2,000 |
50-75% |
|
Install new light fixtures |
$2,000 |
60-70% |
|
Groom the exterior landscape |
$2,000 |
60-70% |
|
Replace knobs and hardware |
$2,000 |
75-100% |
|
Update the entryway |
$3,000 |
50-75% |
|
Replace carpeting and laminate floors with hardwood |
$5,000 |
50-75% |
|
Build a fence/deck |
$5,000 |
50-75% |
|
Renovations With Best Return On Investment |
|
Install an additional bathroom on main floor |
Under $5,000 |
80-100% |
|
Renovate bathrooms |
$5,000 - $8,000 |
75-100% |
|
Renovate kitchen |
$12,000 - $15,000 |
75-100% |
*Assumes mid-grade quality finishes, labour excluded
** Source: Appraisal Institute of Canada RENOVA, Royal LePage
