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Which home renovations give you the best return on investment?

BT Toronto | posted Thursday, Apr 7th, 2016

PLAN23

A recent poll from CIBC says that 42% of Canadian homeowners plan to renovate their homes this year, with an average budget of $17,142. There are so many updates that can be done to your home, but which ones will give you the best return on investment?

Here’s a look what you can expect from 25 of the most popular home renovations, according to the Appraisal Institute of Canada.

75-100% ROI: (Return on Investment): bathroom and kitchen renovations

50-100% ROI: Painting interior of the house or painting the exterior of the house

50-75% ROI: Basement renovation, window and door replacement, flooring upgrades, fireplace installation

 25-75% ROI: Roof shingle replacement, central air and decks

25-50%% ROI: Landscaping, asphalt paving, building a fence or interlocking brick walkways, home theatre room

0-25% ROI: Skylights, whirpool tubs, swimming pool

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