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Which home renovations add the most to the Value?

The answer to this is different depending upon the location of the home as different markets Value amenities differently. For example, adding a central air unit in Toronto ON may add significant Value, while adding one in a home located in Nunavik NWT would not have much impact. As a general rule, the most Value returned from renovating a home comes from painting and decorating, and according to a survey conducted by the Appraisal Institute of Canada in, painting and decorating returned an average of 73% of the investment – in other words, a $3,000 painting and decorating project would add approximately $2,190 to the Value of the home. Kitchen renovations were second, returning 72%, and bathroom renovations were third with a 68% return.

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Wieland & Associates - Ottawa Appraisals - Ottawa Appraisers

Wieland & Associates – Ottawa Appraisals – Ottawa Appraisers