Eco-Friendly Renovations

According to the Appraisal Institute of Canada, energy-efficient upgrades lead the pack among overall home renovations when it comes to adding to the resale value of a home. A recent survey rated windows, insulation, and heating system type and efficiency among the top picks in terms of green upgrades that have a significant impact on the appraisal value of a house. In addition, the longer you stay in the house, the greater the payback, especially if you’re investing in some of the more expensive energy-efficient technologies.

High-performance windows offer more comfort, lower sound transmission, let in more daylight, increase the potential for solar heating, and will help lower your heating and cooling costs.

In addition, Canada Mortgage and Housing Corp. has added environmentally friendly features to the mortgage insurance it offers, and depending on where you live, green renovations could net you government rebates and grants.