Are your clients looking for guidance on which home improvement project will have the highest return on investment?
The Royal LePage Home Renovation ROI Report includes the results of a national survey, which found that a kitchen renovation is the most worthwhile improvement project, with the potential to increase a home’s value by 20%.
Key highlights from the release include:
- Royal LePage professionals say, on average, bathroom renovations can increase the value of a home by 16%
- Finished basements and basement apartments have the potential to increase a home’s value by 15%, according to survey results
- Outdoor entertaining space and landscaping have the potential to increase a property’s value by an average of 10%, according to respondents
- For Canadians looking for general guidance on where to invest in their home renovation projects, 87% of surveyed experts recommend interior renovation