7 Home Renovation Ideas To Increase Value

Upgrading your home isn’t just about aesthetics, it’s a strategic investment. Whether you’re planning to sell soon or simply want to enjoy a more functional space, specific renovations offer a high return on investment (ROI). This guide walks you through seven practical renovation ideas proven to increase home value, backed by data, expert insight, and a smart approach to project planning.

1. Boost Curb Appeal with Landscaping and Entryway Enhancements

First impressions matter. Curb appeal not only makes your home more inviting but can increase resale value significantly. According to the National Association of Realtors (NAR), 92% of agents recommend improving curb appeal before selling, with landscaping yielding over 100% ROI in many cases.

Practical upgrades:

• Update the front door: A new steel door or a fresh coat of paint on your existing door can provide up to 90% ROI.
• Install exterior lighting: It improves both safety and ambience.
• Tidy and refresh landscaping: Trimming hedges, planting perennials, or adding a stone walkway are affordable ways to elevate the look.

A bold entryway upgrade paired with professional landscaping signals a well-maintained home to potential buyers. Many homeowners consult a top realtor early in the process to assess which updates best suit local market expectations.

2. Remodel the Kitchen: The Heart of the Home

A kitchen remodel consistently ranks as one of the highest-value renovations. Whether it’s a minor update or a full remodel, the kitchen is where buyers focus their attention.

Minor remodel (average ROI: 81%):

• Replace cabinet fronts with modern shaker styles
• Update hardware and install a tile backsplash
• Upgrade to energy-efficient stainless steel appliances
• Repaint walls in neutral colours

Major remodel (average ROI: 53%-70%):

• Reconfigure the layout for open-concept living
• Install new custom cabinets and quartz or granite countertops
• Add a kitchen island for extra prep and seating space

Stick with timeless finishes like white cabinetry, brushed nickel hardware, and soft greys or warm beiges on walls. Avoid overly trendy styles that could date the kitchen in just a few years.

3. Upgrade Bathrooms for Modern Functionality

Bathrooms are a top priority for buyers and a practical place to invest. An updated bathroom signals cleanliness and quality.

Smart renovation ideas:

• Replace dated tile with large-format porcelain or marble-look tiles
• Install a modern vanity with storage and integrated sinks
• Add high-efficiency toilets and water-saving fixtures
• Improve lighting with sconces or recessed lights

According to Remodeling Magazine’s 2024 Cost vs. Value report, a mid-range bathroom remodel recoups about 67% of the cost. If space allows, adding a second bathroom or converting a half bath into a full one can dramatically boost resale value.

For those on a tighter budget, a cosmetic refresh, painting, replacing hardware, and regrouting still delivers visual impact.

4. Finish or Renovate the Basement

Turning an underutilized basement into a functional living area adds significant square footage without altering the footprint of the home.

Popular uses for finished basements:

• Guest suite or in-law suite
• Rec room or family room
• Home office or gym
• Rental unit or income suite (where permitted)

A well-finished basement can yield a 70%+ ROI, especially in urban and suburban areas where extra space is in high demand. Focus on moisture-proof flooring, good lighting, and an open layout. Soundproofing between floors is also a valuable addition.

Work with a contractor to ensure permits and building codes are properly followed, especially if you’re adding a bathroom or kitchenette.

5. Add a Deck or Outdoor Living Space

Outdoor spaces have become increasingly valuable, especially post-pandemic as buyers prioritize relaxation and entertaining at home. A well-built deck or patio can return 60% to 80% of its cost, according to the Canadian Real Estate Association.

Design ideas that sell:

• Pressure-treated wood or composite decking with built-in seating
• Covered outdoor space with pergola or shade sails
• Outdoor kitchen or BBQ area
• Firepit or ambient lighting for cozy evenings

Even small backyards can benefit from a thoughtfully designed space with planters, pavers, and privacy features. Ensure the area flows naturally from the home and enhances rather than overwhelms the yard.

6. Improve Energy Efficiency

Energy efficiency upgrades are not only attractive to eco-conscious buyers but often result in rebates or incentives. These renovations may not be visually obvious, but they add long-term value.

High-impact upgrades:

• Upgrade windows to double or triple-pane, ENERGY STAR® certified models
• Install a smart thermostat and modern HVAC system
• Improve attic and wall insulation
• Replace outdated appliances with energy-efficient models

These changes improve comfort while reducing utility bills a compelling combination for buyers. In Ontario, programs like the Canada Greener Homes Grant offer financial incentives for qualifying upgrades.

7. Modernize Flooring and Paint Throughout

Fresh paint and modern flooring deliver immediate visual impact with relatively low costs. According to Zillow research, homes painted in neutral colours like greige (a mix of grey and beige) sell faster and for more money.

Recommended upgrades:

• Replace old carpet with engineered hardwood, vinyl plank, or tile
• Refinish existing hardwood where possible
• Use washable matte finishes in light neutral tones for walls
• Avoid overly bold feature walls unless styled professionally

These cosmetic updates are ideal before listing your home and can often be done within a few weekends. They make the home feel cleaner, brighter, and move-in ready a huge plus for potential buyers.

When it comes to renovations, strategic choices are key. Not every upgrade yields the same ROI, so focus on timeless updates that enhance function, energy efficiency, and visual appeal. Always consider your neighbourhood market and consult professionals when necessary. Whether you’re looking to sell in the next year or simply want to protect your investment, these home renovation ideas offer real, tangible value.