Home improvements are not all created equal. Some, like transforming a bathroom into a spa-like space or adding an extra room to your home may sound appealing but will likely not pay off when it comes time for you to sell the property. Replacing gutters and fixing leaky roofs, on the other hand, is more effective at increasing the value of homes in order for them to be sold faster since they provide livability that potential buyers desire as well as lower maintenance costs down the line which increases their return on investment (ROI).
10 Best ROI Home Improvements
- Minor Bathroom Remodel: Returns an average of 102%
- Landscaping: Returns an average of 100%
- Minor Kitchen Remodel: Returns an average of 98.5%
- Attic Bedroom Conversion: Returns an average of 93.5%
- Major Bathroom Remodel: Returns an average of 93.2%
- Major Kitchen Remodel: Returns an average of 91%
- Entry Door Replacement: Returns an average of 90.7%
- Deck/Patio/Porch Addition: Returns an average of 90.3%
- Basement Remodel: Returns an average of 90.1%
- Replace Windows: Returns an average of 89.6%
1. Minor Bathroom Remodel
- Average Cost: $10,500
- Average Return: $10,700
- ROI: 102.0%
Minor changes to a bathroom can make it feel new and maybe more profitable than doing renovations on other rooms of your house. The example given was replacing an outdated showerhead with one that offers rainfall-style showers (many people will prefer this). Replacing vanity tops has also been suggested as well since nobody wants their guests to think they’re using someone else’s old bathtub or sink!
2. Landscaping
- Average Cost: $4,900
- Average Return: $4,900
- ROI: 100.0%
Creating a good first impression may be the most important factor when it comes to selling your home. Outdoor landscaping is one way of ensuring you make that lasting impact on potential buyers, so take advantage by investing in newer plants and outsourced professionals who know what they’re doing. It’s not about going over-the-top with decorations or anything complicated; keep things simple but beautiful — think clean lines without any debris around the property for an even better result!
3. Minor Kitchen Remodel
- Average Cost: $15,000
- Average Return: $14,600
- ROI: 98.5%
Making a minor kitchen remodel can be more cost-effective and less time-consuming than demolishing an entire room. Instead, try these small changes that make the biggest difference: replace existing appliances with better models; instead of replacing cabinets entirely, refinish them to look like new again! Add some fresh paint or gloss for extra flair too while you’re at it – plus swap out old hardware in this budget-friendly way.
4. Attic Bedroom Conversion
- Average Cost: $39,200
- Average Return: $36,700
- ROI: 93.5%
One of the best ways to increase your home’s value is by adding more rooms. Luckily, some homes have a convertible attic that could be converted into an extra bedroom! Converting your attic into an extra room will not only make it more enjoyable for a family but also increase the value of the home. Converting a small space like this can be done relatively inexpensively which is great because no one wants to spend money unnecessarily.
Ever since people started living in homes with attics, they have been looking at them as useless spaces that are just taking up unnecessary storage. However, these unusable areas could provide much-needed accommodations and add value which increases the price of the home.
5. Major Bathroom Remodel
- Average Cost: $26,000
- Average Return:$24,300
- ROI: 93.2%
Now is the time to take a previously discussed minor bathroom to remodel and turn it into something that has more lasting appeal. Instead of simply replacing amenities, upgrading a few items, or making changes here and there, homeowners should consider boosting their home improvement ROI with an overhaul. Every part of the space- from what’s in your shower pan to how you light up the room -should be analyzed for its level of impact on this important area; if improvements are not being made then they needlessly detract from one’s overall investment in their living quarters.
Upgrading the bathrooms completely, especially the master bath, can actually convince homebuyers they are making a good decision.
6. Major Kitchen Remodel
- Average Cost: $43,900
- Average Return: $39,900
- ROI: 91.0%
Remodeling your kitchen has a lot of benefits. It will make it more functional and appealing, which would be great if you are hosting guests or want to cook on the regular. You can renovate with an open design, a modern look, or something classic in style; all those options have their perks! Removing walls is one thing owners should consider when remodeling as well since buyers like homes where they can host parties easily and without feeling closed off from other areas of the home – this makes for a better entertaining space too!
7. Entry Door Replacement
- Average Cost: $1,410
- Average Return: $1,280
- ROI: 90.7%
Replacing the front door of a home is one way to increase its curb appeal. The entry point for most buyers, it’s essential that this be the first impression they see and nothing less. Investors looking to sell their property should take note: people decide whether or not they want to buy in as little time as 3 minutes.
8. Deck/Patio/Porch Addition
- Average Cost: $11,000
- Average Return: $10,000
- ROI: 90.3%
A new deck, patio, or porch can make a big difference in the experience of living at home. A person’s yard space could be limited and their house might not lend itself to accommodate all-day outdoor lounging with friends on summer days. But adding an exterior structure like these increases usable living space in a given yard while also being appealing for potential buyers who want more spacious options as they search for homes that suit them best.
9. Basement Remodel
- Average Cost: $51,000
- Average Return: $46,000
- ROI: 90.1%
The basement is a dark and dingy space that many homeowners would rather keep out of sight. But the truth is, an updated cave could be worth its weight in gold when it comes to selling your home!
Not all homes are lucky enough to enjoy having their own underground rooms but those that do should consider different ways they may want or need them used. For example: transforming the dark place into something useful like adding on extra bedroom space or a gym.
10. Replace Windows
- Average Cost: $9,700
- Average Return: $8,700
- ROI: 89.6%
Imagine the difference in your home’s appearance when you have replaced all of your windows. The clean lines and near-seamless view from inside to outside will inspire a whole new appreciation for how wonderful it is being able to see what nature has going on out there without having smudges, obstructions, or reflections.
The benefits don’t stop at appearances either because replacing old window panes with energy-efficient ones means that homeowners can expect substantial savings every month due to their newfound efficiency as well as an increase in comfort thanks not only the better insulation but also by reduced sound pollution coming through those glass walls into our homes too.
The Importance Of Curb Appeal
Think about how you would feel if your home was the first impression on a potential buyer. What is their first thought when they see it? Is it beautiful and inviting with bright colors or dark, drab ones? Does this house look like someone lives there that loves to entertain friends or does every room have its own space for hiding away from others without feeling disconnected in one’s living quarters? It all starts outside! Curb appeal is important because buyers often make decisions based solely off of what they can easily see while driving up to homes.
Even in the most popular housing markets, curb appeal plays an essential role in marketing your home. If your home doesn’t show well from the exterior then no one will want to take any time looking inside.
Consider Your Area’s Trends
One thing to keep in the back of your mind when you’re considering updates or a remodel is what’s currently trending. This doesn’t mean trends in home design, but rather factors that are impacting people looking for homes – such as how environmentally conscious they have become and if this applies to where you live then it may be worth thinking about appliances with high energy efficiency ratings and smart features like Alexa integration which can save money on utilities while also appealing to many buyers who find these amenities desirable.
We’ve actually made this part easy for you! You can actually check out a list of our sustainability resources, tools, rebates, and initiatives. Click here to learn more.
Other Improvements To Make
Some valuable home improvement projects that are not at the top of the list may actually bring you a great ROI. If you are looking to see the greatest return on your investment, consider these changes.
Hardwood Floors
Hardwood floors are replacing carpets as the primary flooring material in homes due to their durability and modern look. If you have an outdated carpet, it is worth investing money into new hardwood rather than spend time on cleaning or repairing your old rug.
Exterior Siding
You can increase the overall value of your home by repairing or replacing any damage to its exterior. For example, if you need new siding after a storm caused a hole in it, this is an excellent way to improve the curb appeal of your house and attract buyers with higher ROI potential.
Smart Thermostats
Smart thermostats are not just a luxury for modern homeowners – they also help lower monthly electric bills. With one of the newer, more advanced models installed in their homes, buyers can make adjustments to heating and cooling as needed so that electricity isn’t wasted on maintaining an environment your home doesn’t need because you’re away at work or school all day. Modern-day buyers don’t seem content with appliances from years ago; instead, they want everything new and innovative which is why smart appliances are becoming increasingly popular among builders today who offer these features as standard options in newly built homes.
Summary
If you’re looking for ways to improve your curb appeal and make a more appealing impression, then it’s time to start thinking about what will attract the most buyers. You can’t do this by simply painting your house or changing out some of the furniture inside; instead, think about how people are going to see your home from the outside in order to create an experience that makes them want to come inside and take a closer look at everything on offer. Curb appeal is all-important when homes are competing against one another so if you need help getting started with making improvements, let us know! Our team has years of experience working alongside clients who were ready for their next step but didn’t have any idea where they should begin. One thing we’ve learned is that every home and family is different, so we can’t make broad statements about how much money to invest in any given feature or area.
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