November 23, 2022

Home Renovations That Offer the Best ROI for Resale

Brandon White

Brandon White

November 23, 2022
Home Renovations That Offer the Best ROI for Resale

There are many home renovations that offer a great return on investment (ROI) when it comes time to sell your home. By making these renovations, you can increase the value of your home while also enjoying the improvements yourself. Here are some of the best home renovations to consider when trying to get the most for your home.

Kitchen Renovations

A kitchen renovation is one of the most popular home improvement projects. And it's no wonder why. Not only does a well-designed kitchen look great, but it's also functional and efficient. If your kitchen is outdated or poorly designed, a renovation can make a world of difference. Here are just a few of the benefits of renovating your kitchen:

Increased Home Value

One of the biggest benefits of renovating your kitchen is that it will increase the value of your home. A well-designed kitchen is one of the most important selling points for a home. If you're thinking about selling your home in the future, a kitchen renovation is a great investment.

Improved Functionality

Another benefit of renovating your kitchen is that it can improve the overall functionality of the space. If your current kitchen is cramped and inefficient, a renovation can help you make better use of the space. By reconfiguring the layout and adding storage solutions, you can create a much more user-friendly space.

Greater Efficiency

In addition to improved functionality, a renovated kitchen can also be more efficient. With modern appliances and design features, you can save time and energy in your daily tasks. From energy-efficient appliances to hands-free faucets, there are many ways to make your kitchen more efficient.

Bathroom Renovations

Bathroom Renovations

When it comes to home renovations, many people immediately think of the kitchen. While it’s true that kitchens see a lot of wear and tear over time and can be in need of repairs, there’s another area of the home that is just as important – the bathroom. Bathrooms are another area where you can get a great return on investment from a renovation. 

Like kitchens, bathrooms see a lot of wear and tear over time. If your bathroom is outdated or in need of repairs, a renovation can be a great way to increase its value. A well-designed bathroom can also make your home more comfortable and enjoyable to live in.

If you’re thinking of selling your home in the near future, a bathroom renovation is a great way to increase its value. A well-designed and functional master bathroom will make your home more attractive to potential buyers and could help you sell it for a higher price.

Flooring Renovations

Flooring Improvements

If you're looking for a way to increase the value of your home, you may want to consider investing in new flooring. Old, worn-out flooring can make your whole house look dated and run-down. By investing in new floors, you can give your home an instant facelift that will boost its value. In addition to increasing the value of your home, new flooring can also help you save money on energy bills and improve the indoor air quality of your home.

One of the main benefits of new flooring is that it can increase the value of your home. If you're thinking of selling your home in the near future, new flooring is a great way to increase its resale value. Potential buyers will be impressed by the updated look of your home and may be willing to pay more for a home with new floors.

Paint Updates

One of the quickest and easiest ways to give your home a fresh new look is to update the paint colors inside and out. A fresh coat of paint can do wonders for the look and feel of your home without breaking the bank. When it comes time to sell, potential buyers will be impressed by the updated colors, and you’ll see a nice return on investment from your paint job.

Roofing Replacement

If your roof is in need of repair or replacement, it's a good idea to do it before putting your house on the market. A new roof will not only make your house more attractive to buyers but will also help you avoid any problems that could arise from a leaking or damaged roof. On average, a roofing replacement will recoup about 60% of its cost at resale.

Window Replacement

Replacing old windows with new energy-efficient windows is another great way to improve your home's curb appeal and energy efficiency. Energy-efficient windows can help to reduce your heating and cooling costs and will be attractive to buyers who are looking for a green home. On average, window replacement will recoup about 73% of its cost at resale.

Siding Replacement

Another exterior home improvement that offers a great ROI is siding replacement. If your siding is worn or dated, replacing it with new siding will not only improve the curb appeal of your home but will also help to protect your home from the elements. On average, siding replacement will recoup about 80% of its cost at resale.

Landscaping

Landscaping

If you're looking for a home improvement project that can offer a great return on investment, landscaping is a great option. By making improvements to the curb appeal of your home, you can make it more attractive to potential buyers and increase its value. When landscaping, be sure to focus on both function and form. Choose plants that are low-maintenance and stylish, and create a layout that is both practical and visually appealing.

Final Thoughts

These are just a few of the best home renovations to consider if you’re looking for a good return on investment when it comes time to sell your home. By making these strategic improvements, you can enjoy a higher quality of life in your current home while also increasing its value when it’s time to move on.

When it comes time to list your property, you want a local trusted real estate agency that has years of experience in getting the most value for your property. Contact Cohen + White Associates to learn more. 

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