As we approach 2025, many Ontario homeowners are looking for ways to increase the value of their homes and improve their living spaces. Whether you’re planning to sell in the near future or simply want to enjoy a more comfortable and functional home, certain home renovations offer the best return on investment (ROI) and enhance both style and practicality.
Here are the top renovations Ontario homeowners are investing in right now:
1. Energy-Efficient Upgrades
With rising energy costs and an increasing focus on sustainability, many homeowners are investing in energy-efficient renovations. These upgrades not only reduce monthly utility bills but also increase the long-term value of a home.
Popular energy-efficient upgrades include:
- Installing energy-efficient windows and doors
- Adding insulation to attics, basements, and walls
- Upgrading to smart thermostats
- Switching to LED lighting
- Replacing older HVAC systems with energy-efficient models
Why it’s a smart move: Homes with energy-efficient features are more appealing to buyers in today’s market. These upgrades pay off quickly in savings, and in today’s eco-conscious market, they are a major selling point.
*Learn about Ontario’s Home Efficiency Rebate Plus and more ways to save on energy costs here.
2. Kitchen Remodels
The kitchen remains the heart of the home, and a fresh, modern kitchen can dramatically boost a home’s value. Ontario homeowners are increasingly investing in kitchen remodels that balance aesthetics with functionality.
Popular kitchen renovation trends include:
- Open-concept designs that create more space and flow
- Installing energy-efficient, stainless-steel appliances
- Quartz or granite countertops
- Soft-close cabinetry with built-in organizers
- Modern backsplashes and under-cabinet lighting
Why it’s a smart move: A well-designed kitchen can recoup up to 70-80% of its cost when selling your home. Even minor upgrades, like refreshing cabinet finishes or upgrading hardware, can make a big impact on potential buyers.
3. Bathroom Upgrades
Bathrooms are another key area where small upgrades can add significant value. Whether it’s a simple refresh or a full remodel, updating your bathrooms can make your home feel more luxurious and modern.
Popular bathroom upgrades include:
- Adding walk-in showers with glass doors
- Installing double sinks in the master bathroom
- Upgrading fixtures to high-end, water-efficient options
- Incorporating heated flooring and towel racks
- Replacing outdated tiles with sleek, modern designs
Why it’s a smart move: An updated bathroom can offer an ROI of 60-70%, and with today’s homebuyers prioritizing comfort and style, modern bathrooms are a huge draw.
4. Outdoor Living Spaces
With the pandemic shifting the way people think about their homes, outdoor living spaces have become a top priority for Ontario homeowners. Expanding or enhancing outdoor areas makes homes more enjoyable year-round, especially with Ontario’s diverse seasons.
Popular outdoor renovations include:
- Building or extending decks and patios
- Adding fire pits, pergolas, and outdoor kitchens
- Installing all-weather furniture and outdoor lighting
- Incorporating landscaped gardens with low-maintenance plants
Why it’s a smart move: Outdoor spaces can significantly increase a home’s appeal and perceived value. These spaces are ideal for entertaining and enjoying nature, which makes them a must-have for many buyers.
5. Basement Finishing
In Ontario, finishing or upgrading a basement is one of the best ways to add functional living space to a home. Finished basements can be transformed into guest suites, home offices, gyms, or even as a secondary unit for rental income, giving homeowners more flexibility in how they use their space.
Popular basement finishing ideas include:
- Installing waterproofing systems to avoid moisture issues
- Adding an extra bedroom or bathroom for guest or rental purposes
- Creating a home theater or gaming area
- Designing a home gym with proper flooring and ventilation
- Incorporating built-in storage solutions
Why it’s a smart move: A finished basement can provide one of the highest returns on investment, often up to 75%. It adds valuable square footage, which can be a huge selling point, especially for growing families or those looking for rental income.
6. Curb Appeal Improvements
First impressions matter, and Ontario homeowners are focusing more on boosting curb appeal to make their homes stand out in the competitive real estate market. Simple improvements can enhance the overall look and feel of a property, creating a welcoming atmosphere.
Popular curb appeal enhancements include:
- Replacing or updating the front door
- Installing modern, energy-efficient garage doors
- Adding fresh landscaping with trees, shrubs, and seasonal flowers
- Repainting or re-siding the exterior of the house
- Installing outdoor lighting to highlight architectural features and landscaping
Why it’s a smart move: Curb appeal plays a huge role in attracting buyers and creating interest in your home. Even relatively small investments in curb appeal can have an outsized impact on your home’s market value.
Final Thoughts on Home Renovations
Investing in the right renovations can make a significant difference in the value, comfort, and enjoyment of your home. Whether you’re planning to sell soon or simply want to upgrade your living space, these top renovation trends are not only popular among Ontario homeowners but also provide excellent returns on investment.
If you’re unsure where to start or need advice on how to prioritize your home improvement projects, feel free to reach out. I’d be happy to offer guidance and help you maximize the value of your home with the right upgrades.
Contact me today for more insights or to discuss how these renovations could help you get top dollar for your home!