Tools

RENOVATION GUIDE:

The renovation guide is provided as a tool that can help you decide which upgrades are best for you. You should be aware that it is presented only as a guide that provides ranges. Home values and returns on renovation investments are dependent on so many factors such as location, neighborhood and most important is the quality of the workmanship and materials. For a comprehensive valuation of your home and or renovation project, you should consult with a professional appraiser for a cost-benefit valuation. An AIC valuator can identify the value of your home prior to the renovations being undertaken and provide a projected valuation based on your anticipated renovation plans. Homeowners could save themselves a lot of time, expense and heartache by calling an appraiser first, even before the designer, contractor and architect.

The list first shows the type of upgrade, then the estimated cost, then the percentage range of the return and finally the expected return range in dollars.

service area

  • Edmonton
  • Sherwood Park
  • St. Albert
  • Fort Saskatchewan
  • Spruce Grove
  • Stony Plain
  • Leduc
  • Beaumont
  • Devon
  • Calmar
  • Rural Properties within 50 miles of Edmonton

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Renovation Expected Cost % Return Expected Return
Basement Development $20,000 50% – 75% $10,000 – $15,000
Bathroom Renovation $5,000 75% – 100% $3,800 – $5,000
Central Air Conditioning $5,000 25% – 75% $1,300 – $3,800
Install a Fireplace $3,000 50% – 75% $1,500 – $2,300
Flooring Upgrade $10,000 50% – 75% $5,000 – $7,500
Heating System Upgrade $5,000 25% – 75% $1,300 – $3,800
Kitchen Renovation $20,000 75% – 100% $15,000 – $20,000
Landscaping $5,000 25% – 50% $1,300 – $2,500
Exterior Paint $3,000 50% – 100% $1,500 – $3,000
Interior Paint $3,000 50% – 100% $1,500 – $3,000
Swimming Pool $40,000 0% – 25% None – $10,000
Windows & Doors $20,000 50% – 75% $10,000 – $15,000
Roof Shingles $4,000 25% – 75% $1,000 – $3,000
Build a Deck $2,000 25% – 75% $500 – $1,500
Build a Garage $20,000 50% – 75% $10,000 – $15,000
Build a Fence $5,000 25% – 50% $1,500 – $3,000
Install a Skylight $1,000 0% – 25% None – $250
Paving Stone Driveway $10,000 25% – 50% $2,500 – $5,000
Asphalt Paving $5,000 25% – 50% $1,250 – $2,500
Exterior Siding $5,000 25% – 75% $1,250 – $3,800
Home Theatre Room $2,000 25% – 50% $500 – $1,000
Whirlpool tub $2,000 0% – 50% None – $1,000

service area

  • Edmonton
  • Sherwood Park
  • St. Albert
  • Fort Saskatchewan
  • Spruce Grove
  • Stony Plain
  • Leduc
  • Beaumont
  • Devon
  • Calmar
  • Rural Properties within 50 miles of Edmonton

memberships


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