Home improvement projects can be transformative, creating a new atmosphere and liveliness in your home. What many of us fail to consider is that certain improvements not only have the power to remodel one’s space, but they can also provide significant returns on investments (ROI) when it is time for resale.
While it’s important to do what feels right for you and your family with respect to decorating and renovating your house, understanding which additives could ultimately bring value to the house down the line is key.
Read on as we take a look at exactly which types of affordable home improvements will net the highest ROIs when considering reselling.
Table of contents
1. Focus on Curb Appeal:
The first impression is everything, especially when selling your home. That’s why making improvements to the exterior of your house can have a significant impact on its resale value. Simple upgrades such as adding a fresh coat of paint, planting flowers, and maintaining a well-kept lawn can make all the difference.
Consider updating your front door with a new color or style that complements the rest of your home. This small change can greatly enhance curb appeal and make your house stand out to potential buyers.
2. Bathroom Remodeling:
Bathroom remodels are known to have one of the highest ROIs in home improvement projects. The reason for this is simple: people love a clean, functional bathroom. A new coat of paint, updated fixtures, and even small changes like swapping out old cabinet handles can make a huge difference in the perceived value of your home.
However, search for the best bathroom remodeling company before diving in. A reputable and experienced company will ensure a high-quality remodel that can add considerable value to your home. For instance, if you want to replace shower doors, a reputable company will guide you to select the right style and design that adheres to your budget. They will also be able to offer suggestions on materials and layout that can enhance the look and functionality of your bathroom, ultimately increasing its value.
3. Remodel your Kitchen:
One of the most popular and highest ROI home improvement projects is kitchen remodeling. A modern, updated kitchen adds value to your home and can make daily tasks such as cooking and cleaning more enjoyable.
The key here is to strike a balance between cost and quality – you don’t want to overspend on expensive materials that won’t significantly increase the value of your home. Consider repainting cabinets, changing out hardware, and installing new countertops for a cost-effective yet impactful upgrade.
4. Install Windows:
If you’re looking for a simple and cost-effective way to improve your home’s energy efficiency while boosting its resale value, consider installing new windows. Not only will they add curb appeal to your house, but modern, energy-efficient windows can save homeowners hundreds of dollars in yearly heating and cooling costs.
When choosing which type of windows to install, prioritize those with high energy-saving properties. Additionally, opt for windows that match the style and aesthetic of your home to ensure a cohesive look.
5. Maximize Your Storage:
Another often overlooked yet highly valuable home improvement project is increasing storage space. Many buyers prioritize homes with ample storage, so adding extra closets, built-in shelves, or even creating a basement or attic storage area can significantly increase the value of your home.
Moreover, increasing storage doesn’t have to be a costly project. Simple DIY solutions like adding shelves or using under-bed storage can go a long way in maximizing space and improving the overall functionality of your home.
6. Add Greenery:
It might seem simple, but adding a little bit of greenery to your house can give it an entirely different feel and bring in potential buyers. Plants not only add visual allure and newness to an indoor space, but studies have shown that they likewise improve air quality, reduce stress levels, and increase productivity. Greenery such as potted plants or hanging baskets are relatively inexpensive additions that can have a major difference in the overall feel of your house.
Also, if you’re considering adding greenery, it’s wise to prioritize plants that are easy to maintain and can thrive in the given environment.
7. Add a New Deck:
Outdoor living spaces, like decks and patios, have become increasingly famous in recent years. Not only do they provide additional entertainment and unwinding space for homeowners, but they can also fundamentally increase a home’s worth.
While adding another deck, consider materials that will withstand weather conditions and require minimal maintenance. It will not only add long-term value to your home but also attract potential purchasers who are searching for a problem-free open-air space.
8. Add Colors:
One more method for enhancing your house is by adding some color. A new layer of paint can do wonders for a room, making it look more splendid and really welcoming. Consider choosing neutral colors that appeal to a wide range of buyers, as this will increase the possibilities of selling your home quickly.
You can likewise add pops of color through accessories like throw pillows, rugs, and curtains. These little changes can have a major difference in the overall aesthetic of your home.
9. Add Mirrors:
Another affordable yet significant home improvement project is adding mirrors. Mirrors not only make a space appear bigger and more open, but they can likewise reflect natural light and add depth to a room. It makes them a profoundly desirable feature for potential purchasers.
Consider adding mirrors in strategic locations such as entrances or along a hallway to make an illusion of space and light. Moreover, pick mirrors with unique frames or shapes to add visual interest and improve the overall aesthetic of your home.
There are a variety of home improvements that can improve the value of your property and have a good return on investment. While some require larger investments than others, doing research is vital to finding what is right for you and your budget. As long as you invest wisely and tailor your improvements to reflect the current market values, these can help significantly increase your property’s value.
If you are considering investing in some form of home improvement for yourself or future homeowners, it’s worth doing proper research and looking at which options offer the best ROI.