Renovation Projects That Provide Payback

Research of homeowners and homebuyers has been done 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 based on a home valued between $250,000 and $400,000:

  1. Renovating a kitchen
  2. Replacing/upgrading the roof
  3. Replacing windows or doors
  4. Renovating a bathroom
  5. Upgrading the flooring
  6. Adding a fireplace

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

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Members of the LHBA have been building and transforming communities throughout London since 1952.

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Mon-Fri: 8:30am - 4:30pmPhone: 519-686-0343571 Wharncliffe Road South, Unit 5London, Ontario N6J 2N6 Email: newhomes@lhba.on.ca