The Appraisal Institute of Canada regularly surveys its members to find out which renovation projects are most likely to result in "payback" when the house is sold.

In order, the following projects add value that may be recovered:

renovating a kitchen upgrading the flooring adding a main floor family room renovating the basement

renovating a bathroom replacing windows or doors adding a fireplace upgrading the heating system.

Understand whether your project will increase the market value of your home or is just for your own pleasure and convenience.

WHY RENOVATE?

There are many reasons to renovate beyond just increasing the convenience and comfort of your home; and many reasons to build additions beyond just creating more space. Many projects will make your home more attractive, safer, easier to maintain as well as more energy-efficient and less costly to operate.

Except for the most personal of aesthetic improvements, you may also add to the market value of your home.