If you’re thinking about selling your home or just aiming for an upgrade, it’s crucial to know which renovations promise the best return on investment. Identifying the remodels that add the most value can help you prioritize your projects, ensuring you invest wisely and increase your home’s selling price. Before diving into a renovation, weigh its costs against the potential increase in your home’s value to decide if it’s a smart investment. Here are the top home renovation projects recommended by six experts from Better Homes & Gardens Real Estate for enhancing your home’s resale value.
1. Add More Space
Expanding your home not only accommodates a growing family but can significantly boost property value. Opt for materials and designs that complement your home’s aesthetic to maximize the investment.
2. Kitchen Upgrade
A functional, modern kitchen is central to a home’s appeal. The National Association of the Remodeling Industry’s 2019 report suggests homeowners can recoup up to 52% of the cost of kitchen renovations at sale.
3. Bathroom Renovation
A sleek, updated bathroom can sway buyers. The industry estimates a 57% return on investment for bathroom remodels.
4. HVAC Update
An efficient HVAC system is crucial for home comfort and value, with an 85% cost recovery estimated upon sale.
5. Enhance Outdoor Living
Outdoor spaces for entertainment can significantly increase a home’s appeal and value.
6. Improve Accessibility
Designing your home with universal design principles can make it more appealing and functional for a wide range of people.
7. Lighting Fixtures Update
Simple lighting upgrades can transform the ambiance of your home, making it more inviting. Look for discounts on high-quality fixtures to maximize value.
