Renovation Report - Part Two Shows More High-ROI Projects

Posted in Real Insights | March 31, 2008

Did you know that strategic renovations can increase a home’s resale value? The latest Royal LePage Renovations and Returns Survey looks at the ROI of various projects. Beyond the simple D-I-Y projects that we looked at last week, there are other ways to add value. The research says that updated kitchens bring one of the highest ROIs. Stainless steel appliances, ceramic sinks and clean lines on cupboards rank as preferred finish options. In the world of bathrooms, a main floor powder room and a master bedroom ensuite are becoming almost “de rigueur” in better homes.