Top 9 Renovation Paybacks

Before you start investing money in your house renovations consult the list below of what will pay you back the most once you decide to sell it (more likely eventually you will). The Appraisal Institute of Canada's annual survey on home renovation projects that represent the most payback are:

1. Painting and decorating..................73%

2. Kitchen Ronovation.......................72%

3. Bathroom Renovation....................68%

4. Exterior Painting...........................65%

5. Flooring Upgrades.........................62%

6. Doors and Window Replacement....57%

7. Family Room Addition....................51%

8. Fireplace Addition.........................50%

9. Basement Renovation...................49%

Consider this list before you go ahead and spend the money on all extras. If you invest that much in your house it doesn't mean you will get that much back when you sell it. There is a certain limit for spending money on renos for every house and neighbourhood.