The Best ROI Home Improvements for Your Home

Investing in home improvements is an excellent way to increase the value of your property while making it more comfortable and attractive. If you’re in the early stages of preparing your home for success in the housing market, you may also be curious as to how to increase the perceived value of your home. However, not all home improvements are created equal when it comes to the return on investment (ROI) they offer. Here are some of the best home improvements that increase the value of your home.

One of the first renovation areas many homeowners consider is the heart of the home: the kitchen. Kitchen renovations are among the most popular home improvements that typically provide a high ROI. A kitchen renovation can increase the value of your home while improving functionality and style. If you’re not up for a major renovation, don’t fear – even minor, aesthetic updates can positively impact your home value. Upgrading the kitchen backsplash and hardware could be done in a single weekend, and switching out your old kitchen cabinets and countertops can also make a huge difference. If you’re ready to invest even further, installing new appliances can make a significant difference in the look and feel of your kitchen. A well-done kitchen renovation can provide a hefty ROI for potential future buyers, as well as improve your quality of life in your current home.

Bathroom remodels are another great option if you’re looking for the best home improvements for a high return on investment. You can make a difference in this space by upgrading the fixtures to sleek, shiny options and adding a brighter, appealing paint color to the walls. If you’re ready for something more involved, consider adding a new vanity or updating the flooring or shower tiles. When it comes to the bathroom, even small changes can make a big difference in the appearance of your space.

Don’t forget the outside of your home! Improving the outdoor curb appeal of your property can significantly impact the value of your home and set the stage for success right from the get-go. Landscaping is an often-overlooked project that can make a significant difference in the appearance of your property. Planting trees, adding flowers, and updating the lawn can instantly make your property more attractive and inviting. Don’t be intimidated by outdoor projects – you don’t necessarily need to hire a professional to create a perfectly manicured lawn. A little effort goes a long way when it comes to updating your outdoor space.

While you’re outside, consider the usability of your yard space. If you’re ready for a more ambitious project, consider the addition of a deck, patio, or porch. Adding a usable space outside can increase the livable space of your home while at the same time improving the overall value of your home. A well-built deck, patio, or porch is something that potential future buyers often look for, meaning that this project can provide a high ROI if and when you decide to put your house on the market.

If you want to make a small improvement that has a huge impact, consider a less exciting but equally important home renovation: door replacement. Simply replacing your garage door or front entry door in an elegant, modern style is a simple change that is sure to draw attention.

Attic conversions are becoming increasingly popular as a way to add extra living space to your home without the expense of a major renovation or moving to a larger property. You can also choose the level of finish you want, from a basic conversion with minimal finishes to a high-end renovation with custom built-ins and high-end fixtures.

Converting your attic into a living space is often more cost-effective than adding an extension to your home while also potentially making your home more energy-efficient. There’s an excellent opportunity for versatility with this project, too – you can convert your attic into a bedroom, home office, or other living space. The COVID-19 pandemic has made working from home a necessity for many people, so adding a home office or improving an existing workspace can increase the value of your home significantly while enhancing functionality and spaciousness.

Similarly to an attic conversion, a basement remodel is one of the best home improvement projects for homeowners. A finished basement can add valuable square footage to your home, which can be used for a wide variety of purposes. Some popular basement remodel ideas include creating a game room for kids, a home gym/workout space, or an additional bedroom or guest suite. The extra living space provided by a basement remodel can increase your home's functionality and make it more appealing to potential buyers. Because the basic structure of the basement is already in place, the cost of a basement remodel will typically be significantly lower than building an entirely new addition.

While not quite as flashy as the other improvements we’ve discussed, you’ll find that unseen upgrades often provide some of the best returns on investment when it comes to home improvements. Making energy-efficient upgrades to your home can save you money on utility bills while simultaneously increasing the value of your property. Replacing windows, installing energy-efficient appliances, and upgrading your HVAC system can make a big difference in the value and energy efficiency of your home. These types of improvements, while less exciting, are important to consider when planning home renovations.

Investing in home improvements is an excellent way to increase the value of your property. By focusing on home improvements that provide the highest ROI, you can make smart investments that pay off in the long run. Kitchen renovations, bathroom remodels, outdoor landscaping, adding a deck or patio, attic conversions, basement remodels, and energy-efficient upgrades are some of the best home improvements that provide a high ROI.

Ready to list your newly renovated home, or are you looking for a new home to invest in? Reach out to the experienced team at Barnes Portland for expert guidance. From Lake Oswego to Portland real estate, this is the team you want by your side. Reach out today to get started.

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