As a Realtor, I'm often asked to suggest improvements that will make my clients' homes more attractive and that will provide the biggest return on investment. While kitchen and bathroom upgrades still offer some of the best ROI, energy efficiency upgrades are now high on the list of top paybacks, according to the 2008 Appraisal Institute of Canada (AIC) RENOVA survey.
High efficiency windows were cited most frequently as having an average recovery rate of 61 per cent. High efficiency windows received the highest level of agreement amond respondents as the energy-saving home improvement that would have a significant impact on the appraised value of a home. The type of heating system, heating system efficiency and insulation were also considered to make a significant difference.
A calculator offered on the AIC's website helps home renovators get a better idea of the ROI they can expect for a variety of home improvement projects.
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