Home Improvements That Improve Your Home's ROI

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If you own a home, chances are you’ll make improvements at some point. Whether you’re looking to increase your property value or make your space better suited for your needs, there are many reasons you should follow through with these updates.

However, knowing where to start can be challenging. What renovation has the biggest impact on my property value? What upgrade is best suited for my family’s needs? Answering these questions can help point you in the right direction. But to help you find your starting point, we’ve listed a few popular home upgrades that can take your property to the next level.

Kitchen Updates

Think about areas of your home where you spend the most time. If you're like most people, that’s probably in your kitchen. That said, making upgrades, even minor ones, in your kitchen space can go a very long way. If you’re planning on selling your home in the future, don't make improvements that are too personal ––potential buyers may not approve of your unique decor. But overall, a new kitchen renovation project is the best bang for your buck.

Painting

Painting is an easy home improvement idea that can have a lasting impact. If this sounds like the right approach, expect to pay $3,000 to $6,000 for the interior of your home, depending on the size. Exterior painting jobs typically have a price tag of around $5,000. Not sure what color is right for you? If you want an option with the highest ROI, experts suggest yellow. Some professionals believe yellow homes actually sell faster than properties with a different color.

Building a Deck

Although it can be a lengthy and costly project, building a deck can do wonders for your property. Not only does this space provide a sizable area to catch some sunshine, but it can also drastically improve the curb appeal of your home ––not to mention boosting your property value. While a deck can come in many styles, experts suggest using natural, rustic wood.

Installing New Windows

The windows in your home are vital. Not only do they offer protection from the weather, but they also provide security, noise-reduction and much more. If you have old, outdated windows or want to increase your home’s value, replacing these is a good idea. These windows can also help you save on energy bills, and installing new models reaps an impressive return on investment.

Bathroom Upgrades 

While the kitchen is an essential part of your home, your bathrooms are equally important. If you want to make a home improvement that has a massive impact, focus on these areas. Even a small upgrade can make all the difference. Some homeowners choose to install brand new countertops, while others hire a restoration company for quick touch-ups.

Choosing any of these can increase your home's value once the project is completed. The biggest step, however, is the next one: choosing which upgrade you want to begin with. Where will you start?