There are several home improvements that can increase a home’s value, but the specific improvements that yield the highest return on investment (ROI) can vary depending on factors such as location, the current state of the housing market, and the type of home. Here are some common home improvements that tend to have a high ROI:
There are several home improvements that can increase a home’s value, but the specific improvements that yield the highest return on investment (ROI) can vary depending on factors such as location, the current state of the housing market, and the type of home. That being said, here are some common home improvements that tend to have a high ROI:
- Kitchen remodel: Upgrading appliances, countertops, cabinets, and flooring can all improve the look and functionality of the kitchen, which is often seen as the heart of the home.
- Bathroom remodel: Updating fixtures, adding a new vanity or shower, and replacing old tile or flooring can make a big difference in the appearance and functionality of a bathroom.
- Outdoor improvements: Adding a deck, patio, or landscaping can improve curb appeal and create an attractive outdoor space for entertaining.
- Energy-efficient upgrades: Installing new windows, insulation, or energy-efficient appliances can not only save on energy costs but also make a home more attractive to buyers who are interested in eco-friendly living.
- Adding square footage: Adding an extra bedroom or bathroom or finishing a basement can increase the home’s living space and overall value.
It’s important to keep in mind that not all home improvements will yield a high ROI, and it’s important to consider the cost of the improvements compared to the potential increase in home value. Home Guide – Estimate Project Costs
Additionally, it’s always a good idea to consult with a local real estate agent or home improvement professional for personalized recommendations based on your specific situation. What is the true cost and return on my project.