Potential resale returns on various home improvements

People are often curious about how certain home improvements will affect the value of their homes. The chart of percentages displayed here presents some findings compiled by the Appraisal Institute of Canadafrom their 2008 membership survey. It is intended to give the homeowner a very general idea of the potential that certain improvements have in adding value to your home.

Sky lights 0-25%
Swimming pool 0-25%
Landscaping 25-50%
Fencing 25-50%
Brick walkways 25-50%
Home theatre 25-50%
Block paving 25-50%
Concrete paving 25-75%
Central air conditioning 25-75%
Deck 50-75%
New windows and doors 50-75%
New exterior siding 50-75%
Flooring 50-75%
Basement renovation 50-75%
Addition to dwelling 50-75%
Fireplace 50-75%
Garage 50-75%
Roof replacement 50-80%
Heating system/furnace 50-80%
Interior paint 50-100%
Kitchen renovation 75-100%
Bathroom renovation 75-100%
Energy efficient features Avg. 61%

Other considerations

  • Improvements that are commonly found in the area the home is located in will almost always deliver the highest returns.
  • Renovations in homes that have a lower market value when compared to other homes in the area generally see a higher return from home improvements.
  • Poorly done renovations have a smaller upward impact on the home's value, and can actually have a negative affect on property value.
  • Renovations done on a home that is generally in poor repair overall have a minimal impact on its market value.
  • It's rare that renovations recover their full cost in added value. Home owners should understand that there is some value associated with enjoyment of the improvement.
  • Not all improvements are created equal, even those that might fit in the same category. For instance, in a bathroom renovation a "spa type shower will add roughly 36% of it's cost, while a Jacuzzi or whirlpool type tub recovers approximately 65% of its cost.
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