The pandemic reshaped how Canadians approach home improvements. According to the RE/MAX 2021 Renovation Investment Report, over half of Canadians renovated their homes in that year. While only 16% aimed specifically to boost resale value, nearly 60% considered how renovations could impact home value.

If you’re preparing to sell, investing in updates to meet market standards can pay off. Long-time homeowners may overlook their property’s shortcomings. Below, we explore top renovations that increase home value and deliver the best return on investment (ROI).

1. Fresh Paint

Painting is a cost-effective, high-ROI improvement, ranking as one of the top three upgrades. A new coat of paint revitalizes interiors and conceals imperfections. It’s relatively affordable and easy for DIYers to handle in most spaces, although areas like high ceilings or exterior windows may require professional help.

Professional painters can assist with color selection, wall preparation, and using appropriate finishes (e.g., matte for living areas, semi-gloss for trims). White remains a timeless, versatile choice that brightens rooms and enhances listing photos, creating a sense of spaciousness and cleanliness.

ROI: Approximately 60%

2. Structural Integrity: Reinforcing Good “Bones”

Homes with strong structural features—like a leak-free roof, energy-efficient windows, and dry, crack-free basements—appeal to buyers. Addressing these issues before listing is critical, especially since buyers often require problem-free home inspections.

For instance, replacing old single-pane windows with modern energy-efficient ones can yield a 75–80% ROI. Repairing a roof and waterproofing foundations also provide excellent returns, as buyers value homes with minimal post-sale expenses.

ROI: 70–80%

3. Doors and Hardware

Upgrading interior and exterior doors, adding stylish hardware, and installing trim or crown moldings can elevate your home’s appeal. However, quality materials and cohesive design are key. Poorly executed upgrades can detract from your investment.

ROI: Around 50%

4. Kitchen Upgrades

Kitchens are often a dealmaker for buyers. While full-scale renovations can be costly, targeted updates like new countertops or appliances offer a high ROI. Granite or quartz countertops and modern stainless steel appliances can provide a refreshed look without breaking the bank. Painting or refacing cabinets can further enhance the transformation.

ROI: 75–100%

5. Bathroom Makeovers

Bathrooms are another priority for buyers. Focus on creating a luxurious yet functional space. Key upgrades may include frameless glass showers, marble vanities, or eye-catching tiles. Start by identifying focal points and addressing weak areas.

ROI: Approximately 60%

6. Flooring

Flooring impacts the overall aesthetic and wearability of a home. Durable, well-installed options like hardwood or quality laminates attract buyers and yield high returns. Avoid overused trends like grey vinyl planks, which may be perceived as generic. Additionally, replacing carpets is often unnecessary, as many buyers prefer hard flooring options.

ROI: 100–150%

Conclusion: Maximizing ROI

Even if selling isn’t on your immediate horizon, focusing on high-ROI renovations improves both comfort and resale potential. When the time comes to sell, these upgrades ensure you’re competitive in the market.

Ready to begin your renovation journey? Please feel free to contact me for expert advice on market conditions and strategies tailored to your goals.