Home Improvements That Deliver the Best Value
Thinking about renovating your Niagara home? You’re probably wondering: which projects offer the biggest return on investment?
From bathroom remodels to attic bedroom conversions, here’s a breakdown of the best home improvements for your money. For personalized advice, be sure to consult your trusted Niagara contractor!
Bathroom Remodel
According to the 2024 Cost vs. Value Report*:
- A midrange bathroom remodel averages around $35,000, with a resale value of $25,000 — recouping about 73% of the cost.
- An upscale bathroom remodel can cost $110,000, offering a resale value of $48,500, with about 45% of the cost recouped.
- Adding a new upscale bathroom runs about $148,000, with a resale value of $48,500, recouping 32% of your investment.
Kitchen Remodel
- A minor kitchen remodel typically costs $37,500, and you could recover up to 96% of that when you sell.
- A major kitchen renovation costs around $111,000, with about 50% of the investment returned.
- An upscale kitchen overhaul comes with a price tag of $220,000, offering a resale value of approximately $83,000.
Garage Doors and Entryways
- Replacing your garage door offers one of the best returns — with a 194% recoup rate! The average cost is $6,200, with a resale value of $12,000.
- Considering a full garage conversion? You can expect to recover about 80% of your investment.
- Sprucing up your entryway? A new steel front door costs about $3,200, with a 188% return on investment.
Deck Addition
Looking to add some outdoor living space?
- A composite deck addition costs around $33,500, offering a resale value of $23,000, and a 68% return on investment.
- Choosing a wood deck instead cuts initial costs to about $23,500, with a resale value of $20,000 — increasing your ROI to a strong 83%.
Basement
Thinking about finishing your basement?
- A finished basement can deliver about a 70% ROI, though the exact return depends heavily on factors like location, size, and design choices.
Contact Martell Home Improvements
No matter which project you’re ready to tackle, Martell Home Improvements is here to help enhance the value, beauty, and comfort of your home.
Contact us today at 905-935-7464 for your free quote!
*Prices adjusted for Canadian dollars.
What to Know Before Starting a Basement Renovation
Thinking about finishing your basement? It’s an exciting project that can add valuable living space to your home—but before you get started, there are a few important things to consider. From permits to design choices, careful planning is key to ensuring a successful...
Move or Renovate? How to Make the Best Decision for Your Home
When it’s time to make a change in your home, one big question often comes up: Should you move to a new place or renovate the one you already have? There’s no one-size-fits-all answer—your decision depends on your family’s needs, lifestyle, budget, and the condition...
Transform Your Bathroom Into a Luxurious Retreat
Your bathroom should be more than just functional—it should be a place to unwind, recharge, and indulge in comfort. With the right design and thoughtful upgrades, you can turn your bathroom into a private spa-like escape right at home. Partnering with an experienced...
Don’t Overlook What’s Underfoot: Choosing the Right Flooring for Your Renovation
Your floors might not be the first thing you think about when planning a renovation—but they should be. They serve as the literal and visual foundation of every room, influencing both functionality and style. If your flooring is an afterthought, you could end up with...
Niagara Home Improvement Services
Let's Discuss Your Project
We are committed to delivering outstanding service and top-tier results, specializing in custom, unique renovations that blend functionality with style. Whether it's an addition for a growing household or refreshing the space where you begin your day, we are here to bring your vision to life.
Let us transform your home with a remodel or addition that enhances both your home and lifestyle.