Top 5 Renovations to Boost Your Home's Value

Investing in strategic home renovations can significantly enhance your property's value while improving your living experience. For homeowners in Nova Scotia, focusing on the right upgrades can yield substantial returns. Here are five renovations known to boost home value:

1. Kitchen Remodel – Average ROI: 70%

The kitchen is often considered the heart of the home, and updating this space can have a profound impact on property value. According to Remodeling Magazine's 2018 Cost vs. Value Report, minor kitchen remodels recouped 81.1% of their value, whereas major kitchen renovations saw their value recouped by an average of 59%. Upgrades such as installing durable countertops like quartz or granite, incorporating energy-efficient stainless steel appliances, and enhancing storage with modern cabinetry are highly recommended. These improvements not only enhance the kitchen's functionality but also appeal to potential buyers seeking modern, move-in-ready spaces.

2. Bathroom Renovation – Average ROI: 70%

Bathrooms are high-traffic areas that greatly influence a home's value. A well-designed renovation—including new vanities with stone countertops, stylish walk-in showers, freestanding tubs, and modern fixtures—can yield up to a 70% return on investment. Storage solutions, high-end finishes, and good lighting can transform a bathroom into a spa-like retreat, making it more appealing to homeowners and buyers alike.

3. Painting – Average ROI: 60-80%

A fresh coat of paint is one of the most cost-effective ways to enhance a home’s look and value. Cabinet wrapping and furniture repainting can refresh outdated pieces, while interior and exterior painting instantly modernizes a home. On average, painting provides a 60-80% return on investment, with neutral tones and high-quality finishes making the biggest impact.

4. Flooring – Average ROI: 70-80%

Upgrading flooring can drastically change a home's aesthetic and market appeal. Replacing outdated carpets with hardwood, vinyl plank, or tile flooring offers a return on investment of 70-80%. Durable, stylish flooring options not only improve functionality but also enhance the overall design and resale potential of a home.

5. Interior Doors & Hardware – Average ROI: 50-75%

 Replacing or repainting interior doors and updating hardware is a small yet impactful upgrade. A fresh coat of paint can modernize outdated doors, while solid-core replacements improve soundproofing and add a luxurious feel. Stylish knobs, handles, and hinges create a polished, cohesive look throughout the home. These simple enhancements can increase home value by 50-75%, making them an easy yet effective renovation choice.

No matter which renovations you choose, every improvement contributes to making your home more stylish, functional, and valuable. By strategically investing in key areas like kitchens, bathrooms, flooring, and finishes, homeowners can create beautiful, modern spaces while ensuring a strong financial return.