Making home improvements can be a great way to increase the value of your property and get the most bang for your buck. However, not all home improvements are created equal.
Some will give you a better return on investment than others. In this blog post, we will discuss the top five home improvements that offer the best returns. So if you’re thinking about making some upgrades to your home, read on for some inspiration!
Remodel your kitchen
The first home improvement on our list is a kitchen remodel. A well-designed kitchen can make your whole house feel more luxurious and modern. Plus, it’s a great selling point if you ever decide to put your home on the market.
A study by Remodeling magazine found that a mid-range kitchen remodel will cost you about $1,600, but it will increase the value of your home by an average of $18,500 – giving you a return on investment of nearly 80%.
By a mid-range kitchen remodel we mean refacing your cabinets, painting your walls, adding new countertops and appliances, and perhaps even a new backsplash.
If you want to go all out, you could do a complete gut job which would entail completely tearing out your old kitchen and starting from scratch. Of course, this would be more expensive but it would also lead to an even higher return on investment – about 98%.
So if you’re looking for a home improvement that will offer a high return, a kitchen remodel is a great option.
Add a bathroom
Another great home improvement is to add an extra bathroom. This is especially helpful if you only have one bathroom in your house.
According to the National Association of Realtors, homes with two or more bathrooms sell for nearly 20% more than homes with only one bathroom.
Plus, having an extra bathroom can be a huge convenience for you and your family.
Of course, you’ll need to factor in the cost of the bathroom addition when deciding if it’s the right home improvement for you.
A bathroom addition will typically cost between $15,000 and $30,000.
You’ll also need to have the space for the new bathroom.
If you don’t have an extra room in your house, you may need to get creative with where you put the new bathroom.
But if you do have the space and you’re looking for a home improvement that will add value to your home, a bathroom addition is a great option.
Create a home office
The way that people work has changed dramatically in recent years and that has had an effect on the real estate market.
Now, more than ever, people are looking for homes that have office space.
If you’re looking for a home improvement that will add value to your home and make it more appealing to potential buyers, creating a home office is a great option.
You can create a home office in just about any room in your house.
All you need is a desk, a comfortable chair, and enough space to walk around.
If you have an extra room in your house that you’re not using for anything else, that’s the perfect space to turn into a home office.
Add more storage space
Another home improvement that will add value to your home is creating more storage space.
People are always looking for homes that have plenty of storage space.
If you can create more storage space in your home, it will be more appealing to potential buyers.
There are a few different ways you can create more storage space in your home.
You can add shelves to existing closets or build new ones.
You can also install cabinets in the kitchen or bathroom.
If you have an attic or basement, you can use those spaces to create storage areas as well.
Making your home more energy efficient
Another way to add value to your home is by making it more energy-efficient.
Energy efficiency is becoming increasingly important to buyers, so if your home is energy efficient, it will be more appealing to potential buyers.
There are a few different ways you can make your home more energy-efficient.
You can install solar panels, which will not only make your home more energy-efficient but will also save you money on your energy bills. You can also replace old appliances with new, energy-efficient models.
You can also add insulation to your home to keep it warmer in the winter and cooler in the summer, which will save you money on your energy bills.
Making your home more energy-efficient is a great way to add value to your home and save money at the same time.
A great return on investment
So there you have it, the top home improvements that will lead to the biggest return on investment. For a little investment now, you can see a big return down the line. So what are you waiting for? Start making your home improvements today!
If you have any questions or would like more information, please reach out to us. We would be happy to help you make your home dreams a reality.
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