Return on Investment (ROI) from Home Renovation

Delving further into this month’s theme of 'Home Renovation'... While homeowners often embark on home improvement endeavours to enhance aesthetics and comfort, many also pursue them with an eye toward increasing their property's value. According to research, remodelling projects typically yield an impressive 69% return on investment (ROI) on average, though outcomes can vary depending on factors such as project type, location, and initial investment. Notably, refinishing hardwood floors stands out, promising an average return of 147% on the investment. Additionally, insulation upgrades have the potential to slash heating and cooling costs by up to 20%. (Sources: Today’s Homeowner & Architectural Digest)