Whether you're preparing to sell your home or planning updates after a recent purchase, renovations can be a strategic way to boost property value. But not all upgrades are created equal. Some improvements offer a much higher return on investment (ROI) than others—especially in today’s dynamic Canadian real estate market.
As a real estate professional, I often get asked: “What renovations are worth it?” This guide breaks down the most valuable renovations for homeowners looking to maximize their return—ranked by ROI, with insights into cost, buyer appeal, and practical advice.
🔝 Top Home Renovations for ROI in Canada
1. Curb Appeal Enhancements (ROI: 70%–100%)
Cost Range: $1,500–$10,000+
Why It Works: First impressions matter. Landscaping, a fresh coat of paint on the front door, updated lighting, or new siding can immediately boost buyer interest. Homes with great curb appeal not only attract more views but often sell faster and closer to asking price.
Pro Tip: Even small updates like adding planters, fixing cracks in the walkway, or installing a new mailbox can make a big difference.
2. Minor Kitchen Renovations (ROI: 75%–100%)
Cost Range: $10,000–$25,000
Why It Works: The kitchen is the heart of the home. Modernizing it—even with simple changes like new countertops, cabinet refacing, or updated appliances—can dramatically increase perceived value. Buyers love clean, functional kitchens that don’t need immediate work.
Avoid: Over-customizing with niche designs. Stick to neutral palettes and widely appealing finishes.
3. Bathroom Remodels (ROI: 65%–85%)
Cost Range: $6,000–$20,000
Why It Works: Clean, updated bathrooms rank high on buyers’ wish lists. Consider replacing outdated vanities, adding energy-efficient fixtures, improving lighting, or retiling for a fresh, modern feel.
Pro Tip: A double vanity or walk-in shower can be a major plus in primary bathrooms.
4. Energy-Efficient Upgrades (ROI: 60%–90%)
Cost Range: $3,000–$15,000
Why It Works: Energy-efficient homes are more attractive to today’s eco-conscious and budget-savvy buyers. Upgrades like better insulation, ENERGY STAR® windows, or a high-efficiency furnace can lower utility bills and increase comfort.
Bonus: Government rebates in Canada can help offset these costs—making them even more worthwhile.
5. Interior Paint (ROI: 60%–100%)
Cost Range: $2,000–$6,000
Why It Works: A fresh coat of paint in modern, neutral tones can make a home feel newer, cleaner, and more spacious. It’s one of the most affordable ways to make a big visual impact.
Colour Tips: Stick to warm greys, off-whites, or soft beiges to appeal to a broad audience.
6. Flooring Upgrades (ROI: 60%–75%)
Cost Range: $5,000–$15,000
Why It Works: Replacing worn carpets with hardwood, vinyl plank, or laminate can give your home an instant facelift. Buyers appreciate durable, easy-to-maintain flooring options.
Pro Tip: Focus on high-traffic areas like living rooms and hallways if your budget is limited.
⚠️ Renovation Pitfalls to Avoid
Over-Improving for the Neighbourhood: Don’t invest $100,000 in renovations if surrounding homes are valued far less. You may not recoup your costs.
Too Trendy or Personalized Designs: Bold colours or unique tiles may not suit everyone’s taste. Aim for broad appeal.
Ignoring Permits and Codes: Always ensure renovations meet local regulations to avoid legal headaches or buyer hesitations.
💡 How to Choose the Right Projects
Every home is unique, and so is every market. Consider:
Your neighbourhood’s value range
Current market trends in your area
How long you plan to stay in the home
Start with smaller, high-impact upgrades if you're on a tight budget. If you're preparing to sell, prioritize renovations that enhance first impressions and eliminate buyer objections.
🏡 Ready to Maximize Your Home’s Value?
If you're thinking about selling or want expert advice on smart renovations, I’d love to help. I offer free home valuations and personalized renovation consultations to help you invest wisely and sell confidently.
📞 Reach out today to book your consultation—and let’s unlock your home’s full potential together.