Home Renovation ROI Calculator

See the estimated return on investment for your renovation projects and decide which upgrades add the most value.

1 Your Home

Current estimated value of your property.

2 Renovation Projects

Select projects and enter estimated costs.

Why This Matters

Not all renovations are created equal. A minor kitchen remodel typically recovers 70-80% of its cost at sale, while a luxury bathroom might only recover 50%. Understanding these differences before you spend can save you tens of thousands of dollars.

The most common mistake homeowners make is over-improving for their neighbourhood. A $100,000 kitchen in a $250,000 home rarely adds $100,000 in value. The calculator helps you understand realistic returns based on your home's current value.

ROI isn't everything, though. If you plan to stay in your home for 10+ years, the daily enjoyment of a beautiful kitchen or functional bathroom has real value that doesn't show up in ROI calculations. Use this tool to set realistic expectations, not to eliminate projects you'll genuinely enjoy.

Frequently Asked Questions

How are ROI percentages estimated?
ROI benchmarks are based on average real estate industry data from sources like the Cost vs. Value Report. Actual returns vary by market, quality of work, and buyer preferences in your area.
Does a higher ROI mean I should do that project first?
Not necessarily. ROI measures value recovery at sale, but some projects (like a new roof) are maintenance necessities. Prioritize structural and functional needs first, then consider ROI for cosmetic upgrades.
Why is the ROI different if I'm selling within 5 years?
Buyers pay more for recently completed renovations. A kitchen remodeled 10 years ago won't command the same premium as one done last year. The calculator adjusts value estimates based on your timeline.
Should I renovate before selling?
It depends on the project. Minor kitchen and bathroom updates typically return 70-80% of cost. Major structural changes often return less than 50%. Focus on projects that address obvious issues buyers would flag.

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Plan and track your renovation in Homsy

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