Home Remodeling Projects with the Best ROI

When you buy a home, you’re essentially making a large investment. And the major thing we hope for in an investment, is a return. To make sure that your home either holds its value, or appreciates in value, it’s important to keep up with renovations – big and small.

In the guide below, we’ve created a list of the top five renovations you can undertake to ensure you get the best ROI (return on investment) your home can provide. So, whether you’re looking to sell or just taking care of your investment – this guide is for you.  Check out this app for finding the best renovation contractors near you!

Landscaping

Starting off with more of a low-budget chore than a renovation, you’d be surprised how much landscaping can affect your ROI. Your lawn and the front of your home serve as an immediate first impression to any onlookers or maybe even a potential buyer. And curb appeal, whether you know it or not, has a big impact on the value of your home. But don’t go too crazy. If a buyer gets the notion that the lawn is too much of a task to keep up with, it may negate the efforts of all your hard work. Homeowners that keep up with landscaping see an average ROI of 100%

New Front Door/Windows

Reinforcing our last entry, first impressions are very important. And the front of your house is exactly that. When a potential buyer approaches the home, they’re most likely going to envision themselves walking through that door and calling it their own home one day. Soon you’ll realize that your front door is like the gateway into the beautifully painted canvas that your home really is. Homeowners that invested in a new front door see an average ROI of 90.7%.

Secondly, replacing your windows can also prove beneficial. This is especially true if you live in places with severe storms or extreme temperatures. Replacing your old windows with energy efficient, impact-resistant windows, will not only help protect your home – but can also add value. Replacing your windows will also give you a chance to experiment with new styles.

Fresh Paint Job

Moving up into the mid-tier budget renovations, a fresh paint job can provide surprising results. Many old homes still bear the same out-of-date wallpaper from the day it was built. Find a theme that best fits the style of your home and go for it!

This tip goes hand-in-hand with our last entry. Leaving your home in the past will have serious negative effects on what someone is willing to pay for your home.

Kitchen Remodeling

Next up is the high-budget renovations. We’re starting with the kitchen. Rest assured, though. The kitchen is one of the biggest selling points in your home. It’s often seen as the centerpiece of the home. So, your investment in the renovations will be well spent.

Furthermore, it would be wise to consider the theme you’ve chosen for the rest of the house (paint job, décor, etc…), and stick to it. Consistency and flow are very important throughout your home. For example, if you were to pick a bright, summertime theme for the majority of the house; it wouldn’t make much sense to choose a dark, rustic theme for the kitchen. Homeowners that undertake a major kitchen remodel see an average ROI of 91%.

However, if you don’t have the money to fund a full-scale kitchen remodel, there’s a few budget friendly options you can choose from. Instead of ripping out the old cabinets, try re-finishing them. A new countertop can also give an older kitchen a new updated look. Homeowners that invest in minor kitchen remodeling see an average ROI of 98.5%.

Bedroom Conversion

Another high-budget renovation on our list depends on the kind of house you have. If you’re one of the lucky homeowners that has a sizable attic with easy access, and maybe a window or two – this renovation is for you. One of the best ways to add value to your home is to add another bedroom. Converting your attic into a bedroom is a great way to find value from spare space. Homeowners that invest in an attic/bedroom conversion see an average ROI of 93.5%.

The Final Product

All the investments into these different parts of your home come with their own ROI’s. But the final product benefits your property’s ROI as a whole. Like any investment, some risk is involved. However, when the right renovation is done the right way – it’s sure to add value to the home you love so dearly.