Renovating your home can help enhance its overall aesthetic appeal, functionality, and comfort. Home renovations can also add immense value to your home, helping you make the most once you decide to sell. However, not all home renovations can yield the best bang for your money. That’s because some renovations cost an arm and a leg but won’t recoup your money, while some minor home improvement projects really pay off.
Therefore, you don’t always have to go for a complete overhaul that costs thousands of dollars to add significant value to your home. However, some major renovations involving adding square footage or functional space to your home can give you a high return on investment, especially if you involve professional services, including Demolition Services, to ensure the job is done right.
To get the highest ROI, you must choose the right home upgrades. In this article, we’ll look at some of the top home renovation projects that can give you the highest return on your investment:
1. Bathroom Remodel
A bathroom remodel is one of the top home renovations that can give you a high return on investment. Besides replacing accessories and fixtures, a major bathroom update can include upgrading the bathroom’s flooring, lighting, and plumbing. Most major bathroom overhauls offer about I, but can give you a better ROI if you incorporate more neutral styles.
On the other hand, you can expect to recoup up to 67% of your investment if you consider making minor bathroom upgrades. That’s because these bathroom updates don’t involve costly tasks like ripping out the tile, yet they give the space a fresh look. Some high ROI bathroom improvements include upgrading the faucets, vanity, sink, showerhead, and toilet.
2. Minor Kitchen Remodel
Another highly profitable home renovation project is a kitchen remodel. While most kitchen renovations are pretty expensive, they can help you recoup between 50% and 70% of your investment. Like the bathroom, you don’t need to remodel your kitchen completely to get a sizable ROI. There are many ways to maximize your ROI, even without a complete kitchen overhaul. If your kitchen is in fairly good condition, making minor improvements can greatly impact the overall look and functionality of the space and give a high return on investment. Some high ROI kitchen updates you should consider include replacing lighting fixtures with newer pendant lights over your kitchen island, installing a unique backsplash, upgrading cabinet hardware, or giving the cabinets a new coat of paint.
Landscaping is another home improvement project that offers a high ROI. This involves landscaping upgrades that reduce the amount of maintenance and care needed to keep your yard looking green and beautiful. Some great landscaping improvement ideas with high ROI include planting low-maintenance plants, doing a general tidy-up, and trimming and lawn mowing. These updates can make your yard look appealing and fresh, creating a positive first impression for potential buyers who visit your house for showings.
If you want to make your home more functional, aesthetically pleasing, and comfortable for you and your family to enjoy, consider making improvements that best suit your specific lifestyle and preferences. If you want to make top dollar when you sell your home, consider making upgrades with a high return on investment. Making the above home improvements can prove more worthwhile since they can add significant value to your home and make it more appealing to potential buyers.