Photo Gallery: 10 Home Value Boosters
Learn to make smart reno decisions.
A fresh coat of paint on dated cabinetry and new hardware can be a quick fix.
According to the Canada Mortgage & Housing Corporation (CMHC) and the Appraisal Institute of Canada (AIC), a kitchen renovation offers one of the highest payback potentials, with 75 to 100% of the money you invest adding to your home’s value. In this narrow room a mobile island is a great solution, as a fixed island would take up too much space.
Paint and refresh your façade for major curb appeal.
Designer Arren Williams gave his boxy 1960s-era home a new look with modern energy-efficient windows, plus a new door, house number, mailbox, light, interlocking and low-maintenance grasses. Painting out the front brick and fieldstone façade a dramatic dark grey simplifies the exterior.
Unused space simply used for storage could become an additional living area thanks to a basement remodel.
A sturdy base for your home that is free of mould and odours could make for a profitable basement apartment in the future, or a space to use as a rec room, craft centre or laundry area.
Upgrading a windowless bathroom with new lighting and a large mirror keeps the room bright and inviting.
Investing in a bathroom reno, big or small, is one of the top four smart home investments. If your project costs $10,000, it could add $7,500 to $10,000 to your home's value.
Extend your home's footprint without costly interior renovations.
A new deck provides an outdoor space perfect for summer days, and is a hit with those looking to buy.
Revive your house with room-appropriate flooring choices.
While you may not notice your flooring, those looking to purchase will as soon as they walk in. Here, African walnut 3/4" hardwood flooring flows from room to room.
Quickly and easily refresh your home with paint.
For resale, choose paints where colours flow from one space to the other. In this room, pale blue walls provide a fresh palette to build on. Interior painting offers one of the highest reno paybacks.
Replace older windows that leak air and cause drafty interiors with those that prevent energy loss.
Reduce your and future homeowners' heating costs by selecting the appropriate type of windows, and you can expect to earn 50 to 75 percent of those costs back upon resale. High efficiency windows can have a great impact on a home's value.
Add a fireplace to any room in a home for a luxe touch that doubles as an alternate heating source.
A fireplace can be a real bonus in cooler climates.
Replace roof shingles before they deteriorate and cause leakage.
Some purchasers may not be willing to pay the full price of the home if a new roof is required, so investing in one beforehand could be wise.