7 Home Improvements With the Best ROI

As a homeowner, deciding on the right renovation projects is important. While the projects are designed to add value to your home, you’ll also be looking for ways to maximize the return on your investment. These are important factors to consider, especially when you are planning to sell your home in the near future. To help maximize your opportunities in the real estate market, here’s a look at the top home improvement projects with the best ROI.

1. Kitchen Remodeling

Kitchen remodeling projects are one of the easiest ways to add value to your home and secure a great return on investment. Real estate analysts note that remodeling the kitchen can lead to a 70% return. Home buyers generally believe that a kitchen remodel is valuable because it saves them time and money. Even if you don’t tear everything down, adding fresh paint, enhancing your cabinets and countertops, and adding new appliances will help make a huge difference.

2. Basement Remodeling

Real estate analysts project that basement remodeling projects can net homebuyers a 65-70% ROI. Remodeling the basement will enhance the living space of your home. Installing new flooring and drywall is recommended. Assess your HVAC system as well. HomeAdvisor recommends that HVAC systems receive two maintenance checkups every year.

3. Enhanced Landscaping

If you’re looking to sell your home in the near future, curb appeal is extremely important. Improving the landscaping will help enhance your home’s curb appeal. Tightening the landscaping could make your home appear vibrant. The exterior appeal of the front and backyard is one of the first things a visitor notices, so enhancing the landscaping will help you make a good impression on prospective buyers. The best part is that you don’t have to complete a major renovation. You can simply cut the grass and clean or trim the bushes.

4. Front Door Renovation

Many homeowners are unaware of how significant replacing or renovating the front door could be. The front door is one of the first things a visitor will notice when they arrive at your home. A visually appealing front door adds value to your home. Realm notes that renovating your front door could lead to an ROI of over 400%. Real estate analysts note that most people decide if they are going to move forward with purchasing the home within the first few minutes of observing it. High-level curb appeal could be the difference in you finalizing a sale.

5. Bathroom Renovation

While kitchen renovations are preferred by most real estate analysts, bathroom renovations are still significant and generate a high ROI. Even a minor upgrade could pay huge dividends. Consider replacing an older showerhead with a newer model. Home buyers will also take note of the improved lighting. These are relatively small products that could increase your home’s resale value.

6. Windows/Roof Replacement

Installing new windows is a great way to enhance your home’s exterior. Adding new windows also makes the interior of your home more energy efficient. Potential homebuyers will certainly enjoy lower energy costs. There is increased demand for roof replacement projects and that trend is expected to continue into the near future. The increased demand for roofing is projected to increase by 5% heading into next year.

7. Outdoor Accessories

If your home has an outdoor patio or deck, Renovating those areas could also increase your home’s ROI. Perhaps you are planning to install an exterior accessory. Decks, patios, and even a porch help increase a home’s living space and make it more attractive on the market. It will open up space to barbecue or enjoy other outdoor activities. If you’ve noticed that your deck has chipped paint, fresh repainting could help enhance it.

Whether you are planning to sell your home soon or simply want to change things up, these home renovation tips will help achieve your goals.

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