Renovation ROI: The Home Upgrades That Pay Off Now And Later
Practical, high-impact updates that improve livability and future marketability.
When it comes to renovating your home, there’s a sweet spot between what adds value and what adds joy. Some projects are exciting, like a home office upgrade, a creative space, or trendy finishes you spotted on Instagram, but they may not always boost resale value. That doesn’t mean they’re not worth doing, but if you’re looking to make smart investments, it helps to know which upgrades boost your home’s value and improve your everyday life.
Take the kitchen, for example. It’s consistently one of the top renovations for resale value in Canada, but it’s also where life unfolds every single day. A thoughtful kitchen upgrade like adding a large island or opening up a closed-off layout, can give you more space to cook, connect, and enjoy mealtimes together, turning a functional room into the heart of the home.
Bathroom upgrades are another high-ROI project that add immediate comfort. From spa-inspired finishes to improved storage, these updates can elevate your routine and make a big impression on potential buyers.
Don’t overlook the basement, either. Finishing a basement gives you additional living space, whether it becomes a cozy media room, home office, guest suite, workout space or playroom. It’s one of the few upgrades that adds usable square footage and versatility at the same time.
And let’s not forget curb appeal. Outdoor upgrades like decks, patios, or professional landscaping not only increase your home’s marketability, but they also encourage more time outside, hosting BBQs, sipping morning coffee, or just enjoying the fresh air.
The goal is to make upgrades that enhance your lifestyle now and pay off in the future. If a project makes your home feel more like you, and adds long-term value in the process, it’s a win-win. With the right upgrades, you really can have the best of both worlds.
Looking for tips and tricks to tackle your next renovation? Check out the Royal LePage blog for helpful resources and expert advice.
