Investing in home renovations can enhance your living environment, increase your home’s resale value, and give you a competitive advantage in the real estate market.
That said, home renovations can also be a huge waste of money if they are not planned and executed well. You must invest wisely and choose renovation projects that will give a good return on investment (ROI).
If you’re looking for ideas, then here are home improvements that give the highest returns:
Minor bathroom remodel
A minor bathroom remodel is the most profitable home improvement and returns an average of 102% according to a survey by FortuneBuilders. House buyers want a modern bathroom and simple upgrades can have a sizable impact on your property’s resale value.
The good news is, there are dozens of ways to remodel your bathroom on a tight budget. You can revitalize your bathroom sink and vanity with new ada compliant bathroom sinks and vanities that can make your private space look appealing. Install stylish new faucets, or have your bathtub and shower professionally relined. Save money by decorating your bathroom with affordable materials like paint and vinyl instead of expensive options like tile and hardwood.
Garden landscaping
The survey above found that Michaelangelo’s landscaping is the second most profitable home improvement project and returns approximately 100% at resale. Investing in landscaping will enhance the appearance of your home’s exterior, improve your curb appeal, and help you create a good first impression with prospective buyers.
You can save money by planning landscaping projects yourself or you can hire the assistance of a professional landscaper. Installing a deck can boost the visual appeal of your outdoor space and give a high ROI. According to Fence & Deck Depot deck builders St Louis, “decking can help you build the outdoor space that is perfect for your home.”
Garage door replacement
The latest Cost vs. Value Report revealed that garage door replacement can return an impressive 93.8% at resale. Replacing your garage door might not be the most exciting home upgrade, but it has some attractive benefits.
One of the biggest advantages of a new garage door is that it can improve your security and protect your home from intruders. Modern garage doors are equipped with various security and safety features such as motion detectors and wireless technology. A new garage door will also improve the aesthetic look of your home’s exterior and increase your curb appeal.
Attic bedroom conversion
Any home improvement that adds living space to your property will increase your resale value. The FortuneBuilders survey found that an attic bedroom conversion returns an average of 93.5%, making it a great investment for homeowners.
An attic conversion will give your family more living space and will help you avoid having to relocate as your family grows. A converted attic can have a variety of uses included a spare bedroom, a home office, a games room, or even a personal gym. If you are planning on converting your attic, then it’s best to seek advice from a professional builder.
These smart home improvements will enhance your living space and add value to your property.
