Renovations That Pay Back

Whether you are looking to sell or simply increase the value of your property, there are a few key upgrades that you should consider.

• First and foremost, updating the kitchen is one of the most effective ways to increase the value of your home. This can include replacing old appliances, refreshing countertops and cabinets, and adding new lighting fixtures. According to industry research, a minor kitchen remodel can provide an ROI of around 81%, while a major remodel can provide a return of up to 91%.
  • Smart Appliances that are energy efficient. 
  • Quartz, marble, concrete or granite countertops.
  • LED lighting fixtures.

• Similarly, upgrading the bathroom is another great way to boost your home's value. This might include replacing old fixtures, updating the shower or bathtub, and replacing old tile. Industry data suggests that a mid-range bathroom remodel can provide an ROI of around 70%.

• Adding additional square footage to your home is also a surefire way to increase its value. This might include finishing a basement, adding a new room, or even building an entirely new addition onto your home. While this type of renovation requires a significant investment, it can provide a return of up to 61%.

• Upgrading your home's exterior can also make a big difference in terms of value. This may include replacing siding or roofing, adding new windows, or even landscaping the yard. According to research, a mid-range exterior remodel can provide an ROI of around 76%.

• Finally, upgrading your home's technology and energy efficiency can also add value. This might include installing smart home systems, upgrading your HVAC system, or adding solar panels. While these upgrades may require a larger upfront investment, they can provide a substantial ROI over time.