Enjoy doing work on your home? Like the challenge of completing Do-It-Yourself projects? Thinking about what is next on your list now that the weather is slowly starting to turn gloomier and colder? If you’ve said yes to any of these questions and you’re in the process of trying to decide which project to start, take the time to check out the list below. It’s a list of do-it-yourself projects with the best return on investment put together by Royal LePage that might help you decide which project to begin.
| RENOVATION PROJECT | APPROXIMATE COST* | APPROXIMATE ROI** |
| Paint the interior | $1,000 | 50-100% |
| Replace carpeting with affordable laminate | $2,000 (for 1,000 square-foot space) | 50-75% |
| Install new light fixtures | $2,000 | 60-70% |
| Groom the exterior landscape | $2,000 | 25-50% |
| Replace knobs and hardware | $2,000 | 75-100% |
| Update the entryway | $3,000 | 50-75% |
| Replace carpeting and laminate floors with hardwood | $5,000 (for 1,000 square-foot space) | 50-75% |
| Build a fence/deck | $5,000 | 50-75% |
*Assumes mid-grade quality finishes, labour excluded
** Source: Appraisal Institute of Canada RENOVA, Royal LePage