When working with our clients and designers, the question of value often comes up. Where should you spend your renovation dollars? What gives you the biggest bang for your buck? What will yield the highest return on investment when reselling you home?

These are all good questions, and ones to consider before renovating or building a home. Many renovations are sound investments in your home, whether you choose to enjoy it for many years or are looking to flip it, but not all renovations are created equal.

Do it for the money

If you have plans to renovate or build with the intention of selling, consider these upgrades to maximize your return on investment.

For love

If you have plans to stay in your home, or are looking to renovate to better enjoy your space, consider the following upgrades, which tend not to yield high returns, but offer higher joy scores.

If you’re not sure whether a specific upgrade is right for you, let us help. Contact Alair Homes Forest Hill Toronto for expert advice and support on every aspect of your renovation or custom build.

Note: Values derived from multiple sources including Remodeling 2016 Cost vs. Value Report (costvalue.com), National Association of Remodeling Industry (nari.org) and Style at Home (styleathome.com) along with proprietary research .