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.