Renovation Paybacks

The Appraisal Institute of Canada conducts an annual survey of which home renovation projects represent the best “payback” for your dollars spent. Remember that this does not mean repairs such as a new roof, patio decks, etc.

Top Ten Renovation Paybacks:

  1. Painting & decor, interior - 73%
  2. Kitchen renovation - 72%
  3. Bathroom renovation - 68%
  4. Painting, exterior - 65%
  5. Flooring upgrades - 62%
  6. Window/door replacement - 57%
  7. Family room addition - 51%
  8. Fireplace addition - 50%
  9. Basement renovation - 49%
  10. Heating system replacement - 48%

Top Ten Renovation Trends:

1. Main floor laundry room
2. Ground floor home office
3. Hardwood flooring upgrade in kitchen
4. Whirlpool bath separate from shower
5. Built-in kitchen appliances
6. Addition of kitchen cooking island
7. Non-neutral interior paint colours
8. “Smart” house wiring
9. Home theater room
10. Skylights
Painting is #1!

Get In Touch

Al Sorensen

Mobile: 604 240-3698

Phone: 604 689-5115

Email

Office Info

Macdonald Realty Ltd.

1050 Howe Street  Vancouver,  BC  V6Z 1P5 

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