Top Renovations That Increase Home Value in Surrey

Not every renovation delivers a positive return on investment. In fact, many popular upgrades actually lose money when it comes time to sell. Based on our experience selling hundreds of homes in Surrey, here are the renovations that consistently deliver the highest ROI — and the ones to avoid.

Tier 1: Highest ROI (80-200% Return) 1. Kitchen Refresh ($5,000-$15,000) You don't need a full gut renovation. Painting cabinets, replacing hardware, adding a tile backsplash, and upgrading countertops to quartz can transform a dated kitchen. In Surrey, buyers consistently rank the kitchen as the #1 factor in their purchase decision. Expected ROI: 150-200%

2. Bathroom Updates ($3,000-$10,000) Replace the vanity, add a new mirror, re-grout tiles, and install modern fixtures. If the tub is stained, professional refinishing costs $400-$600 and looks brand new. A fresh, clean bathroom tells buyers the home is well-maintained. Expected ROI: 120-180%

3. Paint — Interior and Exterior ($2,000-$5,000) The single highest ROI renovation. Fresh paint in modern, neutral colours (think Benjamin Moore Swiss Coffee or Revere Pewter) makes the entire home feel new. Don't forget the front door — a bold colour like navy or black adds instant curb appeal. Expected ROI: 200%+

4. Flooring Upgrade ($5,000-$12,000) Replace worn carpet with luxury vinyl plank (LVP). It's waterproof, scratch-resistant, and looks like real hardwood at a fraction of the cost. In Surrey's family market, LVP is the most popular flooring choice. Avoid actual hardwood — the ROI doesn't justify the 3x cost increase. Expected ROI: 100-150%

Tier 2: Good ROI (50-80% Return) 5. Landscaping and Curb Appeal ($1,000-$5,000) Power wash everything, add fresh mulch, plant low-maintenance shrubs, and install landscape lighting. For detached homes, a new fence adds privacy and value. Expected ROI: 80-100% 6. Basement Development ($20,000-$40,000) Adding a legal secondary suite is one of the best investments in Surrey. It adds rental income potential and significantly increases the buyer pool. Make sure to obtain permits — illegal suites can actually reduce value. Expected ROI: 60-80% (plus ongoing rental income)

Tier 3: Moderate ROI (30-50% Return) 7. Roof Replacement ($8,000-$15,000) A new roof doesn't excite buyers, but a bad roof kills deals. If your roof is 20+ years old, replace it before listing. Buyers will otherwise negotiate $15-20K off the price. Expected ROI: 50-60% 8. Window Replacement ($10,000-$25,000) New energy-efficient windows reduce heating costs and improve comfort. In Surrey's wet climate, properly sealed windows also prevent moisture damage. Expected ROI: 40-50%

What to Avoid • Swimming pools: Cost $40-60K, return maybe $10-15K (many buyers see them as a liability) • Over-customized renovations: Bold tile patterns, unusual colours, niche features • Luxury upgrades in non-luxury neighbourhoods: A $80K kitchen in a $700K home won't recoup costs • Unpermitted work: Always get permits. Unpermitted renovations must be disclosed and can reduce value

The 24K Realty Pre-Sale Renovation Strategy Before listing your home, we provide a free walkthrough to identify the 3-5 upgrades that will maximize your sale price. We have a network of trusted contractors who can turn projects around quickly and at competitive prices. Many of our clients invest $10-20K in strategic renovations and see $40-60K in additional sale price. Call 778.592.4312 to schedule your pre-sale consultation.