Well-planned home renovations can enhance your home’s appeal and increase its price when it’s time to sell. But not all improvements bring a hefty return on investment (ROI). Knowing the most promising updates can help strategize your revamping efforts for an attractive sale. Read on for a rundown of the top five home improvements likely to supercharge your property’s resale value.
1. Kitchen Upgrades
A modern, functional kitchen can impress prospective buyers and significantly boost resale value. A complete remodel isn’t always necessary for a high ROI. If your kitchen already has a good layout, consider strategic changes such as new countertops, an updated backsplash, a fresh coat of paint, and high-end appliances. Get inspired with these kitchen updates.
2. Bathroom Remodels
Bathroom updates are another top ROI improvement. Updates can range from replacing dated fixtures to a comprehensive refresh with a new soaking tub or sleek walk-in shower. Consider the necessity and potential upside of each tweak, as bathroom renovations can be costly, but they can deliver strong returns.
3. Hardwood Flooring
Adding or refinishing hardwood floors enhances home value and offers timeless appeal. Hardwood is durable, easy to clean, and healthier than carpet due to reduced allergens. Buyers often pay more for homes with hardwood. Costs vary depending on room size, style, and wood species. Learn more about hardwood flooring costs.
4. Eco-Friendly Improvements
Energy-conscious renovations attract buyers and promote a healthier environment. Consider energy-saving windows, LED lighting, Energy Star-certified appliances, higher-rated insulation, HVAC upgrades, and solar panels. An energy-efficient home can command a higher selling price while saving costs.
5. Adding an Extra Room or Outdoor Living Space
Expanding livable space increases home value. Consider a finished basement, attic, or flex space. Additional bedrooms or offices are especially valuable in the work-from-home era. If indoor expansion isn’t feasible, enhance outdoor living with decks or patios. Even garage conversions can provide extra usable space.
Balancing renovation budget with prospective benefits is key. Research your market and examine top-selling homes in your area. Consulting a real estate professional can help optimize ROI.
