Which Home Renovations Have the Highest Return on Investment?
A common question I get asked by my seller clients is which home renovations have the highest return on investment when you eventually go to sell your property. Let’s break down the top 5 ROI home improvement projects...
MINOR BATHROOM REMODEL
Average Return on Investment: 102%
Simple upgrade ideas: replace the shower head with a rain shower, replace the vanity with something more updated, replace the light fixtures with something more modern, add a fresh coat of a neutral color paint.
LANDSCAPING
Average Return on Investment: 100%
Simple updates: trimming down all bushes and shrubs, fresh mulch, adding annuals and perennials, freshly mowed grass and edge around the property.
MINOR KITCHEN REMODEL
Average Return on Investment: 98.5%
Simple upgrade ideas: replacing dated appliances and painting the cabinets instead of replacing them. Adding new hardware to the cabinets can also go a very long way as well as updating light fixtures. Add a fresh coat of a neutral paint color as an added bonus.
ATTIC BEDROOM CONVERSION
Average Return on Investment: 93.5%
Homes with the luxury of having a convertible attic should consider turning the space into an extra bedroom. One great way to increase the value of your home is to increase the number of available rooms.
MAJOR BATHROOM REMODEL
Average Return on Investment: 93.2%
Taking a minor bathroom remodel a little further, consider also replacing and updating the shower/tub to include backsplash, updating the flooring as well as the plumbing.
