Home Renovations that Yield the Best Return on Investment

Updating an older home can be overwhelming. When deciding how to spend your home renovation budget, it’s good to know which projects yield the best return on investment. Various sources such as U.S. News and CBS News state that updating kitchens and bathrooms will improve a house’s value (with a return on investment as great as 75.4%). Ways to improve your kitchen without completely redoing it include refinishing surfaces, upgrading appliances, and installing new light fixtures. 


Other sources, including This Old House Magazine, emphasize the importance of improving a house’s curb appeal, thus enhancing a buyer’s initial perception of a property. Projects that enhance curb appeal include replacing your entry door and garage doors with updated, steel models. It’s also a good idea to update your windows. Keeping a well-maintained lawn is one of the simplest ways to enhance curb appeal. 

When it comes to adding on to your home, outdoor decks offer a decent return on investment. Home offices with built in furniture, however, do not. This limits what the next homeowner can use that room for. Another unadvisable project is adding a pool. Many buyers see pools as a pain to maintain (not to mention, they decrease the usable size of the yard). Homeowners who add a pool should do so only for their personal enjoyment, not as a means to increase their property’s resale value. 

Want additional advice? Feel free to contact me.