What Home improvements give you the best ROI.

August 26/2024

Home improvements - we all do them. Over the course of owning a home generally speaking there are upgrades and renovations we choose to do to increase our enjoyment of the space but also to increase its value. Knowing which ones yield the highest ROI is an invaluable advantage. So whether you're thinking of selling soon or just pondering about your next project take this insight as you wish! 

Looking to get a quick bang for your buck? A fresh coat of paint is always a great idea to generate a fast and easy return. When painting with the intention of increasing value for resale, sticking to a neutral palette is always a good idea. Adding a fresh coat to the baseboards and ceiling will finish off the job and give a crisp and clean look! 

Creating functional spaces from unused or under-used areas of your home will make life easier and appeal to potential buyers. Add a built-in storage shelf in that weird little nook that you have never known what to do with, or turn that catch all room into a convenient home office, spare bedroom or hobby room! Decluttering and adding useful spaces into your home to create higher functionality. Make sure that in doing this you aren't taking the spotlight away from another room, the purpose is to add value to an existing space.

Kitchen and bathroom upgrades and remodels are two of the highest return of investment improvements you can do to your home. From new hardware and knobs, to kitchen appliance upgrades, new countertops and vanities or an entire remodel there are so many different avenues to explore when choosing to refresh your kitchen or bathroom. Determining ROI for a these types of remodels and upgrades can pose a challenge as there are many considering factors, it can strongly depend on specific home factors that require professional consultation - if you are considering a kitchen or bathroom remodel or update consult a local experienced professional to help you determine what will generate you the best ROI. 

Lets not forget about your home's exterior - these are no small task however the right upgrades can pay off big when done correctly. When it comes to increasing the value and style of your home's exterior it is all about the visual appeal.  Landscaping is a crucial factor that can greatly increase your home's curb appeal, a well thought out and maintained landscape design can prove to generate great return - after all it does create a first impression for your home. You may also consider creating an additional living space by building a deck or patio in your backyard. Every homeowner would gladly take more usable outdoor space. 

It is important to remember that ROI is never guaranteed and can vary depending on the specifics of your home and the space you are working with. It is always recommended to consult a local professional when considering a home improvement or renovation to ensure that it can be done safely, effectively and ultimately generate the results you're after!