Get the Best Bang for Your Buck!
Tuesday, December 15th, 2009Whether doing it yourself or hiring a professional, interior painting, hardwood flooring and kitchen upgrades are among the renovations that yield the best return on investment.
Top ‘do it yourself’ renovations with the best return on investment
Renovation Project | Approximate Cost (*) | Approximate ROI (*) |
Paint Interior | $1,000 | 50 to 1000% |
Replace carpeting with affordable laminate | $2,000 for ( 1,000 sq.ft) | 50 to 75% |
Install new light fixtures | $2,000 | 60 to 70% |
Groom the exterior landscape | $2,000 | 25 to 50% |
Replace knobs and hardware | $2,000 | 75 to 100% |
Update the entryway | $3,000 | 50 to 75% |
Replace carpeting with laminate floors with hardwood | $5,000 for (1,000 sq.ft) | 50 to 75% |
Build a fence/deck | $5,000 | 50 to 75% |
Renovation with best return on investment, some help may be required | ||
Install an additional bathroom on main floor | Under $5,000 | 80 to 100% |
Renovate bathrooms | $5,000 to $8,000 | 75 to 100% |
Renovate kitchen | $12,000 to $15,000 | 75 to 100% |
(*) assumes mid-grade quality finishes, labour excluded |