What Home Renovation Projects Give A High Payback?
The amount of payback will usually depend on how long you're planning to stay in your home. Consider projects that lower your household operating costs.
The Appraisal Institute of Canada studied renovation areas based on typical highest payback. They are, in order:
•1. Bathroom renovations
•2. Kitchen renovations
•3. Furnace/heating systems
•4. Basement renovations
•5. Installing a fireplace
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