4 HOME IMPROVEMENTS THAT WILL PAY YOU BACK
- johnathanmcquoid
- Jan 18
- 2 min read
Not all renovations are created equal. Some upgrades simply make your home nicer to live in, while others can actually boost your resale value and put money back in your pocket later.
Here are four improvements that typically offer the best return on investment š
1ļøā£ Add square footage strategically
More space generally means a higher home value, but the cost of construction matters.
āļø additions can recoup 50ā83% of the investment
āļø bonus rooms above garages add space without expanding the foundation
āļø larger homes attract more buyers in most markets
Well-planned square footage increases both livability and resale potential.
2ļøā£ Build a deck or expand outdoor living space
Decks make a home feel larger by extending usable living space outdoors.
āļø great for entertaining
āļø increases perceived square footage
āļø returns 65ā90% of the cost on resale
Outdoor spaces have become major selling features for buyers.
3ļøā£ Remodel the kitchen wisely
The kitchen is one of the biggest value drivers in any home.
āļø updated kitchens can return 50ā120%
āļø focus on functionality and durable materials
āļø avoid over-renovating for your neighbourhood
A modest, well-balanced renovation offers stronger payback than luxury upgrades in a mid-priced home.
4ļøā£ Add or upgrade a bathroom
Bathrooms rank just behind kitchens in importance during showings.
āļø renovating an existing bathroom boosts appeal
āļø adding a second bathroom dramatically increases value
āļø returns average 80ā130% depending on size and layout
More bathrooms improve convenience and significantly improve resale prospects.
š¬ Final Thought
Smart renovations can make your home more enjoyable today while increasing its value for tomorrow. Whether youāre thinking of adding space, updating key rooms, or enhancing outdoor living, planning ahead ensures the best return.
If youād like help exploring financing options or rolling renovations into your mortgage, message The Frontline Mortgage Group and weāll walk you through your choices.
