Remodeling That Pays

The following renovation projects provide the highest payback potential for homeowners:

Upgrading your home is always appealing, but which enhancements provide the best return on your investment? The Appraisal Institute of Canada, provides information on those repairs that provide the best return.

Source: Appraisal Institute of Canada 2006 Home Renovation Survey

1. Bathroom Renovation 2. Kitchen Renovation 3. Painting

1. TOP FOUR GREATEST PAYCHECK POTENTIALS

2. Bathroom renovations (75 – 100%)

3. Kitchen renovations (75 – 100%)

4. Interior painting (50 – 100%)

5. Exterior painting (50 – 100%)

6. TEN AVERAGE PAYBACK POTENTIALS

7. Roof shingle replacement (50 – 80%)

8. Furnace/ heating system (50 – 80%)

9. Basement renovation (50 – 75%)

10. Recreation room addition (50 – 75%)

11. Installing a fireplace (50 – 75%)

12. Flooring (50 – 75%)

13. Constructing a garage (50 – 75%)

14. Window/ door replacement (50 – 75%)

15. Building a deck (50 – 75%)

16. Central air conditioning (25 – 75%)