When you’re planning any kind of home improvement, you need to understand how much value these kinds of investments will provide. As a general rule, all home renovations add value to your home. Some more than others.
There are many different ways to increase the selling price of your home if you’re ready to move on to a bigger, better place. Today, we will discuss some of the home improvement ideas with the best ROI (Return on Investment). This way, you can get the most out of your investment!
Top 7 Home Improvement Ideas
- Remodel Your Kitchen
A kitchen remodel is one of the home improvements with the highest ROI. Yes, they are expensive, but on average, they return 50 to 75 percent (or more). If you’re torn between a kitchen or a bathroom renovation, go for the kitchen.
- Hardwood Floors
Refinishing hardwood floors is another great home renovation idea with an ROI of 70 to 80 percent or more. You want your home to make a good first impression and the floors are the first thing people notice. Don’t cover your hardwood floors with a carpet; paint them and refinish them instead.
- Repaint the Home
Repainting is a simple home renovation that will change the face of your home. This allows you to choose a more attractive and modern color scheme and it may provide up to 107% ROI. Make sure you choose colors that will brighten up the space and make it look larger and warmer.
- Landscaping
Outdoor spaces add value to your home, so don’t focus your home renovation efforts only on the inside. If you have a front and/or back yard, consider making low-maintenance landscaping upgrades. This offers an average ROI of 100% and it will make your home look incredible.
- Cellar Renovation
If you have a cellar that’s just sitting there, you can transform it into a proper living or storage space. This will add value to your home by up to 30%. Just make sure you keep the build cost per square foot lower than the price per square foot of the area you’re renovating.
- Add a Conservatory
Adding a conservatory offers an ROI of 108%, which is amazing. It doesn’t only add extra space, it will also make your home stand out. Plus, it makes us feel closer to nature, which is a good idea if your home doesn’t have a spacious garden or yard.
- Make Little Changes
You don’t have to make big home improvements to add value to your home. Making a bunch of small changes will work just as well. Go through your home and make strategic replacements or additions. Such as new light fixtures, new doorknobs, etc. These things go a long way!
Of course, these are only a few home improvement options, but if you want to see a good ROI, these should be at the top of your list of considerations!