Not all home renovations are created equally. Some projects may sound beneficial or interesting at first, but you’ll quickly find that you aren’t able to recoup the cost of what you spent to make the additions. Other jobs may not seem flashy or exciting, but they can help your home stand out on the market and raise the price that you can ask for from potential buyers.
Below you’ll learn about some of the best return on investment home improvement renovations and upgrades you can make to your property.
Minor bathroom remodel
Minor bathroom remodels are one of the best return on investment home improvement projects that you can choose to take on. You can complete a minor bathroom remodel without altering your existing plumbing or electrical wiring, and you’ll find that you’re able to recoup a significant percentage of the cost when you sell your home. Minor bathroom remodels can be as easy as replacing the knobs on your drawers or cabinets. You may also consider adding new faucet heads or knobs. If you want to go a step further, you can update your flooring or add additional lighting that makes the room brighter and more pleasant.
Positive curb appeal will help you create a strong first impression when a buyer pulls up to your home for the first time. You’ll also do a better job of attracting attention from prospective buyers as they drive by and notice the “for sale” sign in your front yard. At a bare minimum, you should commit to keeping your grass cut and pulling weeds from your flower bed. You can also plant flowers that give your landscaping extra color and texture. Other homeowners will add a sculpture or water fixture to their front yard. Anything you can do to emphasize an outdoor living space is also helpful. If your front porch is large enough to hold a few chairs or a table, make sure you properly stage the area in a way that helps buyers imagine what it might be like to sit outside relaxing with a book and a cup of coffee.
Minor kitchen remodel
Minor kitchen remodels rank at the top of the list of the best return on investment home improvement projects. Apart from minor bathroom renovations, there may not be another upgrade that offers the same potential for ROI. You can easily upgrade your kitchen by repainting your cabinets or by swapping out your old appliances for newer energy-efficient models. Either change will make it appear as though you did a more extensive upgrade. If you decide to paint the walls in your kitchen, stick with neutral colors like white or beige. These colors will make your kitchen appear brighter, and they pair well with a variety of different accent colors.
Attic bedroom conversion
Your home will increase in value when you choose to renovate the attic into a separate bedroom. In many cases, this space will qualify as an ADU (or Accessory Dwelling Unit). You can also lower your utility costs by improving the insulation in your attic, which is another benefit of choosing to make such a change.
Major bathroom remodel
Some people will stick with minor bathroom remodels, while others will prefer to make major changes to the space. This may be a project that is better to outsource to a professional who understands how to make high-quality renovations without disrupting the plumbing or the electrical wiring inside your bathroom. Major bathroom remodels can involve tasks such as replacing countertops and cabinets, redoing the bathroom or shower, and altering the electrical wiring to add new light sources into your bathroom.
Major kitchen remodel
If you choose to do major work in your kitchen, you probably won’t be able to use the space for a few weeks. You might fully demolish existing cabinets and remove old appliances to replace the entire room with new fixtures and supplies. This is a great way to make your home stand out from the competition, since buyers often want to see a home’s kitchen before they view any other room. People spend a lot of time in their kitchens, and if you can set up your kitchen in a way that causes a buyer to develop an instant emotional attachment, you could be well on your way to receiving a high-dollar offer.
Deck, patio, and/or porch addition
Most buyers crave a home that offers a designated outdoor living area. They love the idea of having an outdoor gathering area where they can entertain guests or relax with family at the end of the day. If your home doesn’t already have a deck or patio, you can consider adding one as long as you have sufficient space. Make sure you include plenty of lighting so that the space remains functional even after it gets dark outside.
Replacing your windows may not seem like the upgrade that could push your home over the top, but new windows will improve your home’s curb appeal and insulation. They can also keep unwanted noise out of your home.
Once you figure out the best return on investment home improvement projects and have your home ready to go on the market, reach out to Mary Ann Teixeira. She will help you take the next step toward getting your home ready to sell. Her team values integrity, simplicity, and reliability in everything that they do. She is dedicated to helping each client reach their goals, and would love to help you with your buying or selling needs.