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Top Do-It-Yourself Renovations With Best Return On Investment
Renovation Project Approximate Cost*     Approximate ROI**

Paint the interior

$1,000

50-100%

Replace carpeting with affordable laminate
(for 1,000 sq. ft. space)

$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
(for 1,000 sq. ft. space)

$5,000

50-75%

Build a fence/deck

$5,000

50-75%

Renovations With Best Return On Investment
(Professional Help May Be Required)

Renovation Project Approximate Cost*     Approximate ROI**

 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