Top 6 Home Improvement Projects to increase ROI

Home / Home Buying / Top 6 Home Improvement Projects to increase ROI

Top 6 Home Improvement Projects to increase ROI

When selling your home, there are a lot of things you’ll need to consider to make a successful sell. Amongst all of them, getting your ROI (Return of Investment) is definitely a top priority.
In order to obtain your ROI, much needed improvements should be taken care of to help meet your end terms goals.

There may be a lot of improvements that you want to make on your current home, but how many of them will help you achieve your ROI? Improving based on our own preferences may not always be the best way to go, as many buyers will have their own tastes and preferences.

TOP 6 HOME IMPROVEMENT PROJECTS TO INCREASE ROIThe following article will discuss some of the areas of improvement that tend to result in better chances of high ROI’s once they are completed. To start, we’re going to talk about the two areas that are used the most in our homes: The bathroom and kitchen area. Small or Larger Bathroom Remodeling Projects

  • Bathroom: The RenovationRegardless if your bathroom is small or quite big, certain changes that add a new look will go a long way. It’s not necessary to do an entire remodeling; in fact, smaller changes can make a great statement. Simple changes like replacing broken tiles, applying a fresh coat of paint and removing mold and mildew can make a big difference.

You may also want to improve lighting fixtures, add in a new vanity or choose modern fixtures to make older appliances look new again. For a 15% upgrade, homeowners may also consider changing a walk-in closet into a powder room.

  • Kitchen: The fixesThere are a lot of components when it comes to a kitchen, so you might want to take your time with remodeling yours. You can start with replacing older appliances or giving them a good cleaning so that they’re good as new.

You may also want to consider replacing the back splash, countertops and fixtures to give the kitchen a nice face lift. There is approximately a 25% gain for any renovation or remodeled kitchen area in a home’s value.

TOP 6 HOME IMPROVEMENT PROJECTS TO INCREASE ROI

  • Floor Coverings

Buyers will expect clean, well- maintained flooring throughout a home. Unclean carpets or stained tiling can be a huge turn-off for home buyers. Updating your floors is a very good investment, and you can consider a variety of options like laminated flooring, wood or new tiles. If you have a limited budget, then consider adding larger area rugs for a modern look that is inexpensive.

  • Curb Appeal: Work with your greenery

This is the part of your home that your buyers will be more than happy to see as they pull up to the home. A home with greenery and nice curb appeal are great signs for the inside of the home, so invest in some new plants, take care of weeding and do some gardening to make the home look environmentally-friendly and manicured.

Working on curb appeal is a great investment whether you want to sell in the near future or in a couple of years. Also consider planting some shady trees to reduce your cooling expenses by as much as 30%. Be mindful about the type of plant you have and check if it can survive in the weather and soil in your area.

  • Garage: Upgrade or Enhance

The garage is often a neglected area of the house. You may be surprised to learn that this part of your home gives off much of the return expected with about 87% on a $2,500 investment.
TOP 6 HOME IMPROVEMENT PROJECTS TO INCREASE ROI
Converting the garage area into an in-law living quarters or an additional room also has the ability to increase your ROI dramatically- so long as you following zoning regulations properly.

  • Front Door: The welcoming Door
    Your front door is also one of the first things home buyers will notice when they come onto the property. You can upgrade on the color of the door or invest in new windows or décor that make the door unique to the home. This will increase curb appeal and ROI as well.

Which Brings In The Highest Returns?

  • Front door replacement: 96.6 percent
  • Wood deck additions: 87.4 percent
  • Attic bedroom or efficiency garage conversion: 84.3 percent
  • Garage door replacement: 83.7 percent
  • Minor kitchen remodel: 82.7 percent

Which Brings In The Lowest Returns?

  • Home office remodel: 48.9 percent
  • Sun-room addition: 51.7 percent
  • Bathroom addition: 60.1 to 85 percent
  • Backup power generation: 67.5 percent
  • Master suite addition: 67.5 percent

If you’re hoping to receive your ROI, then there are a wide range of options in your home to improve before you sell. Not all will return the best results however, so be smart with your upgrades and choose the best projects to complete.

Are you considering selling your Pineville home? Fill out the form to get in touch with one of our experienced and trustworthy agents today!

Don’t get caught off guard when it comes to how much your home will sell for. Use this home evaluation to find out how much your home may be worth! Questions? Call us at 704.997.3794.

Recent Posts
Contact Us

We're not around right now. But you can send us an email and we'll get back to you, asap.

Not readable? Change text. captcha txt

Start typing and press Enter to search

Boys and Girls Club of America