When homeowners think of home improvement, return on investment is usually on their mind. Enhancing your existing home with remodeling projects is even more rewarding when the time and money spent pay off in home value.
However, since most major home improvements can be costly, it’s important to know which projects have the highest return on investment. According to real estate experts, some home remodeling projects stand out as the best options for adding home value.
To help you find ideas for your potential home renovations, here are some of the most beneficial upgrades to consider:
Minor bathroom renovations
Bathrooms are a huge source of your home’s value, and even adding minor improvements can pay off substantially. For example, simple changes like replacing your shower head and plumbing fixtures make a bathroom seem brand new.
Other recommended bathroom projects include replacing light fixtures, adding storage solutions and installing low-flow toilets.
Landscaping renovations
Never underestimate the power of curb appeal. Upgrading your outdoor space will enhance the entire aesthetic of your home’s exterior and please prospective homebuyers. Remove weeds and debris, plant some fresh greenery and add a new garden path to your front door.
If you have a backyard, make sure to give it some attention as well. Improving your outdoor living spaces with additions like patios, pergolas and garden beds can help you enjoy them more while also increasing your home value.
Basement & attic renovations
If your home has an unfinished basement or attic, consider taking the time to remodel it into a usable space. There’s no need to make it complicated, either - simple home improvements like installing hardwood floors, drywall and quality light fixtures will add value and potentially double the square footage of your home.
While home improvements can be expensive and time-consuming, many of them bring enormous benefits. Whether you want to refresh your existing space or prepare your home for the real estate market with a full remodeling project, these renovations are some of the best returns on investment to consider.
About the Author
Marsha Charles
Consistent top listing and selling agent receiving Chairman's Club award for superior sales achievement almost every year while associated with Preferred Properties, Inc. Consistently receive the International Presidents Premier award for sales volume since joining Coldwell Banker Realty and ranked in the top 1% of agents in Connecticut and Westchester County. In 2021 I received the International Society of Excellence award for sales volume in excess of $100,000,000. I have been named a Top Five Sales Agent for customer satisfaction since 2010 (longer than any other agent in Connecticut) and listed in Connecticut Magazine. Named one of the Top Agents in Connecticut by Real Trends since 2018.
I work with sellers and buyers and also have a strong understanding to needs of those who are relocating . Background and experience in advertising, public relations and photography offer creative and innovative marketing plans for sellers.
Realtor designations include: Graduate Real Estate Institute, Certified Residential Specialist, Certified Residential Marketing Specialist, and Pricing Strategy Advisor. Served as President of New Canaan Board of Realtors (two terms), Director (three terms) and currently serve on Professional Standards Committee. Named Realtor of the year by the New Canaan Board of Realtors in 1994and again in 2022.
Married and mother of other of four children who attended and graduated from the New Canaan School System, Member of New Canaan, Darien, Greenwich and Statewide MLS systems. Areas covered include New Canaan, Darien, Greenwich, Rowayton, Norwalk, Wilton and all of lower Fairfield County.
