Renovation Projects with the best Payback

Making the right renovations and upgrades to your home improves its resale value. Remax has identified the 6 smartest renovation priorities to maximize the resale value of your property. I can assist you in determining what is driving values in your area.

Bathrooms
Today's stress-filled world leaves us all crying out for rest and relaxation. Making your bathroom the best it can be you can expect to recover approximately 56% higher return on investment than the average return on other popular renovations.
The goal should be to create a spa-like environment in your bathroom by installing a soaker tub with relaxing jets, or perhaps a new steam shower stall.

Flooring
Great looking floors are a strong feature of any home. They often make all the difference. This upgrade can expect to recover approximately 22% better return on investment than the average renovation.
Start by ripping out that dated wall-to-wall carpet. Then sand your existing floors down and refinish them, or choose one of the many easy-to-install, affordable laminates now available. A darker stain gives an elegant yet up-to-date look.

Painting
The dramatic effect paint can have on any living environment is often overlooked but we know that simply repainting the walls you can expect to recover an approximately 29% better rate of return than other popular renos. You can go neutral with splashes of colour or warm and dramatic. Trends include mixing strong colours with nature-inspired neutral-energy colours, like orange, aqua, sage and blue, along with neutral palettes leaning toward bisque, fawn, grey and walnut.

Kitchens
Have you ever wondered why "kitchen parties" naturally occur every time you have a get together? Well, it's because the kitchen is the hub of every home. It's where we get nourishment and refreshment, and where we gather and regroup after a busy day. It is a room with real value for every family.
We have learned that kitchen upgrades can really deliver with an expected recovery of approximately 44% higher return on investment than the average return on other popular renovations.

Landscaping
Everyone knows the value of a first impression. We have learned that landscaping the front and backyard of your home, you can expect to recover an approximate 7% better return on your renovating dollar over the average return on other popular renos. Increasing your curb appeal can be as simple as adding containers of brightly coloured flowers. Another idea would be to add a low maintenance garden for blocks of colour and texture. Also consider a simple water fixture in the backyard to add ambience.

Looking to maximize your home remodelling dollars? According to the Appraisal Institute of Canada, the projects listed below were the remodelling projects that added the greatest amount of resale value to a home: