A gold group logo on a white background.

705-457-9999

The Best Home Renovations for the Biggest ROI

The Best Home Renovations for the Biggest ROI

Painting


Painting is the most under-appreciated home improvement. Nothing provides a higher ROI than quality, professionally done painting. When putting your home on the market, consider a professional painter who can help select the right palette, skim the walls, seal trim and repair minor damage before applying top quality paint that’s appropriate for each surface (matte for living areas, egg shell or semi-gloss for trims and doors and proper ceiling paint.)


It doesn’t seem like the most glamorous of renovations, or promise the most dramatic before-and-after, but it instills freshness and can flatter your home in ways you’ve never imagined. A colour expert can help select the perfect shades to work with the lighting in your home and ensure it puts its best face forward!


ROI:


A fresh coat of paint typically garners a 60% return on your investment.


By the Numbers:


Budget for a 2,000-sq.-ft. home: approximately $10,000-$15,000


A person is painting a wooden wall with a brush.
A living room with a brick wall and a table with flowers on it.

Good “Bones”


When contemplating a profitable renovation, nothing “sinks” a sale price quicker than a house that’s taking on water. Especially in this market, where strong sale prices are being paid for homes with “good bones,” ensuring that the roof and windows are in good shape, gutters and drains are functioning properly and the foundation is dry is crucial to realizing the potential value in a home.
Consider items like vinyl windows, a new roof or even waterproofing the foundation. Buyers are wise to structural issues, and learning that a homeowner has done their homework and made the proper investments to prevent flooding and leaks will go a long way in a buyer’s eyes (and offer!).


ROI:


Renovations that will save home owners money in the long run will draw a higher return, around 75 per cent, depending on the scale of the reno.


By the Numbers:


All new, good quality vinyl windows for a 2,000-sq.-ft. home: roughly $15,000


Stripping and replacing the roof with quality asphalt shingles: $8,000 to $10,000


Proper waterproofing of the exterior of a foundation: roughly $60-$80/linear foot

Doors & Hardware


Investing in new interior doors and hardware; replacing the front door and adding a quality lock-set; and adding baseboard, door trim, crown mouldings and wainscoting are all examples of relatively inexpensive and non-invasive improvements that can immediately punch up the appeal of a home.


It really comes down to the quality of the finish though. This is not a time to skimp on materials or workmanship. Hire someone you know and trust, or ask for referrals from friends who you know share similar standards.


ROI:


Smaller projects that have less of a “wow” factor, and may even go unnoticed in an open house, draw a smaller return, around 50 per cent of your initial investment.


By the Numbers:



Solid wood front door with quality lock-set: $2,500

Solid core interior doors with hardware: $250/per door

A wooden sliding barn door opens to a bathroom
A close up of a marble counter top in a kitchen.

Countertops


Since kitchen renovations can easily snowball, consider a quick counter-top refresh and appliance-swap as options for a great return on investment.


Instead of shelling out upwards of $25-50,000, expect to pay about $3,000 for a quality stone, like granite or quartz, and between $5-10,000 for quality slide-in or a stand-alone set of kitchen appliances with a pro-look like stainless steel.


ROI:


Kitchen renovations have the best return on investment, typically garnering a 75-100% return.

Learn More

Investing in Haliburton Real Estate: Is It Worth It in 2025?
March 13, 2025
Haliburton, Ontario, has long been a sought-after destination for nature lovers, cottagers, and investors alike.
How Ontario Homeowners Can Save Money with Solar Energy Incentives in 2025
By Jess Wilson February 18, 2025
As energy costs rise and environmental concerns grow, Ontario homeowners are increasingly looking to solar energy as a cost-effective and sustainable solution. Fortunately, several solar incentives and rebate programs are available in Ontario as of February 2025 , making it easier than ever to upgrade to solar power. If you’re considering installing solar panels, here’s everything you need to know about the best solar incentives in Ontario to maximize your savings and reduce your carbon footprint. 1. Home Renovation Savings Program Launched on January 28, 2025, the Home Renovation Savings Program offers homeowners rebates for energy-efficient home upgrades , including solar installations. Under this program: Receive up to $5,000 for rooftop solar panel installations. Get an additional $5,000 for solar battery storage systems . Rebates cover up to 30% of total upgrade costs. Rebate processing takes 30 to 60 days after approval. This program makes it more affordable for Ontario homeowners to switch to renewable energy while significantly reducing long-term electricity bills.
first-time-homebuyers-guide-haliburton
February 17, 2025
Buying your first home is an exciting milestone, but it requires careful planning and informed decision-making. Haliburton, with its picturesque landscapes and growing real estate market, offers an excellent opportunity for first-time buyers.
Your Dream Escape: Cottages for Sale in Haliburton and Kennisis Lake
January 15, 2025
Discover stunning cottages for sale in Haliburton and Kennisis Lake cottages. Find your dream waterfront retreat with Haliburton Gold Group today!
The Ins and Outs of Ontario’s Land Transfer Tax: What Homebuyers Need to Know
December 20, 2024
Understand Ontario’s land transfer tax, how it’s calculated, and what it means for homebuyers. Learn about rates, exemptions, and the Non-Resident Speculation Tax as of December 2024.
Snowy Escapes: How to Find Your Dream Haliburton Waterfront Cottage This Winter
December 9, 2024
Winter in Haliburton is a magical time, with snow-covered landscapes, pristine frozen lakes, and cozy cottages waiting for the right buyer to claim their dream retreat.
More Posts
Share by: