If you’re thinking about remodeling your home, it’s smart to do some research first. Not all upgrades add value, and some can actually decrease resale. But with a little know-how, you can ensure your investments pay off in style and functionality. We’ve rounded up expert-approved ideas that give the best return on investment and make your home more comfortable, secure, and energy-efficient.
In addition to increasing your comfort, many of these upgrades can also boost your property’s value. For example, replacing old carpet with new hardwood floors is worth the money and can even improve air quality. Replacing outdated appliances with high-efficiency models is also a good idea. Buyers appreciate the fact that these eco-friendly enhancements can reduce utility bills.
Generally speaking, the projects that get the best ROI are those that increase your home’s functionality or square footage. Kitchen remodels and adding bedrooms and bathrooms are excellent examples of this. On the other hand, luxury upgrades and aesthetic-only improvements generally offer a lower ROI than other types of home improvement projects.
With the housing market continuing to rebound, it’s important for homeowners to understand how to maximize their home’s potential value and minimize any unnecessary expenditures. By avoiding pitfalls, you can save time and money while creating a stylish and functional home that will appeal to buyers.
Homeowners who plan to sell their homes in the near future should focus on those projects that have the highest ROI. A well-renovated bathroom or kitchen is a surefire way to boost your resale price, and refinishing wood floors is another low-cost project that will add value.
According to the latest home improvement survey, the top home improvements include kitchen remodels, bathroom remodels, and exterior improvements. Adding square footage with a basement finish or a home addition is another great option, and it can help to increase your home’s value by up to 20%.
Other top upgrades include painting the exterior of your home, making minor landscaping improvements, and upgrading your home’s lighting. Choosing energy-efficient enhancements is also a great way to boost your resale value, as many buyers are interested in green or renewable power sources.
The most popular projects vary by location, but they all have one thing in common: they are designed to add style and function to your living space. So if you’re looking for inspiration, look no further than our list of the top home improvements.