If you’re planning to sell your home, making smart renovations can boost its value and attract buyers. However, not all upgrades offer the same return on investment (ROI), so it’s best to consult a Realtor® before making any major decisions. 

Here are some of the top home improvements that provide the best bang for your buck.

Kitchen Upgrades

The kitchen is a major selling point, and even minor updates can make a big difference. Simple improvements like new appliances, countertops, and cabinet fronts can recoup up to 80% of their cost, while a full remodel typically sees a 60% return, according to the Appraisal Institute of Canada. That said, if you renovate strategically, ROI can soar as high as 200%, according to real estate expert Scott McGillivray.

Bathroom Remodels

Buyers pay close attention to bathrooms. A minor renovation—updating fixtures, flooring, and lighting—can recoup up to 102% of its cost. A larger remodel, including expansions and high-end finishes, typically sees a up to 60% return. Smart planning is key to maximizing value, so consult a professional before diving in.

A Fresh Coat of Paint

Image credit: Behr

 

Painting may not be the flashiest upgrade, but it delivers one of the highest ROIs. Neutral, light tones make spaces feel larger and more inviting while helping potential buyers envision their style. "Greige" (a mix of beige and grey) is a hot choice, and research from Zillow suggests that light blue bathrooms can increase a home’s sale price by 1.6%—that’s almost $8,000 more on a $500,000 home. 

Curb Appeal Enhancements

First impressions matter. A fresh coat of paint on trim, shutters, and siding can make a home more inviting, and don’t overlook the front door! Zillow found that homes with black or charcoal gray front doors sold faster and for an average of $6,271 more. Landscaping also plays a huge role—according to the National Association of Realtors® (NAR), well-maintained outdoor spaces can recoup up to 105% of their cost.

Energy-Efficient Upgrades

Eco-conscious features are increasingly popular. Installing energy-efficient windows and doors, upgrading insulation, and adding a smart thermostat can offer an ROI of up to 80%, according to the Appraisal Institute of Canada. Plus, programs like the Canada Greener Homes Initiative may provide grants, making these upgrades even more worthwhile.

Basement Renovations

A finished basement adds valuable living space and boosts resale value. A simple renovation—adding flooring, lighting, and drywall—can recoup up to 86% of its cost. More extensive projects, like creating a separate suite or adding a bathroom, can increase appeal even further.

Home Office Additions

With remote work becoming the norm, a dedicated home office is a valuable feature. Converting a spare bedroom or creating a designated workspace can boost a home’s appeal. Zillow research suggests that a home office can add $10,000 in value.

Making Smart Renovation Choices

When deciding on upgrades, consider market trends, buyer preferences, and your budget. The Appraisal Institute of Canada recommends focusing on improvements with a long lifespan, investing in key areas like kitchens and bathrooms, and avoiding over-improvement that may not match neighbourhood expectations. For more renovation insights, check out their home renovation tips.

Need expert advice? Call 1.416.728.9500, email TANYA@TANYAGORDON.CA, or fill out the form below—let’s chat!