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Home Remodeling Projects with the Best ROI

Kitchen with granite countertops and new appliances

Home renovations can be tricky. As much as you want your home to reflect your personality, daily needs, and individual style, it’s also a good idea to consider how potential home buyers would respond to your renovations when it comes time to sell your home.

The fact is that some home remodeling projects increase your home’s value more than others. So if an improvement in value is what you’re after, here are the best projects to consider:

Kitchen Update

It’s no secret that kitchens sell homes. An updated and spacious kitchen that can be used to entertain and prepare meals is crucial in any real estate market. A recent study shows that 69 percent of homebuyers would have paid more for brand-new appliances, and 55 percent would have paid more for granite countertops.

It is difficult to determine an average ROI on kitchens because the size and complexity of work vary. But we do not doubt that your new and improved kitchen will be something you enjoy now and will help your home sell in the future.

If you’re planning to sell sooner than later, we can help you determine specifics that will increase your home’s appeal while being cost-effective.

Home remodeling project including James Hardie siding in Evening Blue color on exterior

Siding Replacement

Curb appeal is something that attracts buyers to your home. If the outside isn’t looking its best, why would they think the inside was any better? An exterior upgrade that packs a big punch is siding. According to Remodeling Magazine, siding replacement has about a 68 percent ROI. 

We know that siding may not seem like the most “fun” place to focus on when it comes time to make remodeling choices, but worn-out siding can lead to significant issues like water damage and a loss of insulation. These are not issues you want to deal with – and neither do home buyers.

Master bathroom with garden tub and lots of natural light

Bathroom Renovation

Bathroom upgrades are another area that will increase your home value. Home buyers in today’s market want a luxurious, spa-like sanctuary with all the bells and whistles.

According to Better Homes and Gardens, homeowners can expect their home value to increase by about 50-60 percent of the renovation cost.

For an even larger return on investment, consider adding a bathroom, especially if you have an older home. You could do this by converting extra, unused space in your home into a bathroom with at least a toilet and a shower. On average, a bathroom addition could add about six percent to your home value – not too shabby!

Multi-level deck with large table for entertaining

Deck Addition

Outdoor living makes a home much more desirable. Having an outdoor space where you can get some sun while you unwind is a huge benefit to both your mental well-being and your home value. 

Decks recoup about 66 percent of their costs when it comes time to sell. Including lighting and a pergola-style roof will make the deck even more appealing to buyers.  How can we help you with your home remodeling projects? Reach out so we can discuss your home and how you hope to improve it.

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