When choosing which improvements to make to your home, you should consider updates that will increase your home’s value. That way, you can enjoy living in your spruced up home now and reap the benefits when it comes time to sell. These are the home improvement projects with the highest return on investment:
- Minor kitchen remodel
A well-done kitchen remodel can recoup up to 77 percent of the cost. Not to mention, it makes your kitchen a more enjoyable place to cook in, and it’s something that home buyers will be drawn to once it comes time to list your home. Instead of replacing your cabinets, try adding a fresh coat of paint and installing stainless steel appliances and granite or quartz countertops. - Bathroom remodel
Adding fresh paint and updating countertops and fixtures can go a long way toward elevating your bathroom. A minor bathroom remodel can net up to 93.5 percent of the cost. If your tub is old, try re-caulking and reglazing it rather than replacing it – you’ll save yourself thousands of dollars this way. - Landscaping
Make a good first impression by sprucing up your front yard. A 2018 study from Virginia Tech found that a home with an attractive landscape had up to a 12.7 price advantage over a home with no landscaping. Trimming trees, weeding, planting perennials, and cleaning up your yard will enhance your home’s curb appeal. Adding a walkway or fountain is also a nice touch. - Add a deck or patio
Homeowners who build a wooden deck can expect to recoup around 72 percent of the cost.Buyers love the concept of outdoor living, and a deck provides a seamless transition from inside to out. - Exterior Improvements
Exterior improvements such as touching up drab paint, replacing garage doors, and updating your front entry way are relatively inexpensive ways to ramp up your home’s curb appeal. If your home does not need to be repainted, try scrubbing the siding to remove dirt buildup. Garage doors should only be replaced if they’re damaged or incompatible with the architectural style of your home. And improving your front entry way can be as simple as painting or replacing your front door and adding a few attractive plants to your stoop. - Install new windows
Consider replacing your windows if they’re drafty or single-paned.Energy efficient windows can help save money on heating and cooling costs by eliminating drafts. You can expect to earn about 70.8% of the cost back upon resale. - Add air conditioning
Central air-conditioning is a wonderful addition to homes in areas prone to hot weather. It keeps you cool while offering energy-efficiency – centralized models have a higher energy-efficiency rating than single window models. It’s estimated that central air-conditioning can boost your home’s value by 10 to 20 percent.
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