THE

OF

COST

RENOVATIONS

Average price for a 1,000 sq.ft. bungalow

Based on the thousands of contractor quotes on turnkey projects we have processed over the last six months.

Home addition

Full additional floor

4 season sunroom

Lateral room addition

$144 833

$30 641

$33 209

(average prices include the structure, framing and floor finishing)

THE

INVESTMENT

ON

RETURN

Kitchen

75 to 100%

Net cost: $4 200

Net cost: $2 550

Net cost: $1 800

Net cost: $12 250

Net cost: $17 500

Net cost: $5 250

Net cost: $3 850

Net cost: $14 000

75 to 100%

50 to 80%

50 to 75%

50 to 75%

50 to 75%

50 to 75%

50 to 75%

0%

0%

Bathroom

Basement

Single garage

Double garage

Exterior siding

Pool

Landscaping

(finishing)

Roof

Windows

(asphalt shingles)

E.g. Pay $28 000 for your kitchen, an 85% return on investment would equate to a $23 800 increase in your home’s resale value.

a $23 800 increase in your home’s resale value.

E.g. Pay $17 000 for your bathroom, an 85% return on investment would equate to a $14 450 increase in your home’s resale value.

to a $14 450 increase in your home’s resale value.

E.g. Pay $6 000 for your asphalt shingle roof repair, a 70% return on investment would equate to a $4 200 increase in your home’s resale value.40

would equate to a $4 200 increase in your home’s resale value.40

E.g. Pay $40 000 for the complete finishing of a 900 sq. ft. basement, a 65% return on investment would equate to a $26 000 increase in your home’s resale value.

E.g. Pay $35 000 for your single garage, a 65% return on investment would equate to a $22 750 increase in your home’s resale value.

to a $22 750 increase in your home’s resale value.

E.g. Pay $50 000 for your double garage, a 65% return on investment would equate to a $32 500 increase in your home’s resale value.

to a $32 500 increase in your home’s resale value.

E.g. Pay $15 000 for your brick facade, a 65% return on investment would equate to an $9 750 increase in your home’s resale value.

would equate to an $9 750 increase in your home’s resale value.

E.g. Pay $11 000 to replace your windows, a return on investment of 65% would equate to a $7 150 increase in your home’s resale value.

equate to a $7 150 increase in your home’s resale value.

A pool does not typically add value to your property.
(Some experts say a swimming pool may even negatively affect resale value)

Typically does not add value to your property.
(An overdone landscape can even turn buyers off because of the associated maintenance)

(An overdone landscape can even turn buyers off because of the associated maintenance)
a $23 800 increase in your home’s resale value.

Bungalow with 10 windows

PRACTICAL

VALUE

In addition to the monetary value added to your property, renovations have many other practical benefits

Kitchen

Improves your everyday life and make your home more enjoyable

Doors and windows

Improves the energy efficiency and aesthetics of the property

and the level of comfort in your home

Heating and insulation

Improves your comfort level and reduces energy expenditure

Basement

Finishing your basement is an economic way to expand the living space
of your home and can greatly improve the quality of life for the family.

space of your home and can greatly improve the quality of life
for the family.

This year, will I...

Destination:   Jamaica
Price for family of 4:   $8 000
Enjoyed for:   10 days
Return on Investment:   $0

TRAVEL?

This year, will I...

Destination:   Bathroom
Price for family of 4:   $17 000
Enjoyed for:   15 years
Return on Investment:   $14 450

RENOVATE?