10 Best ROI Home Improvements
Whether or not you are planning to sell your property in the near future, or you just want to enjoy a few simple upgrades, there are a number of efficient ways to improve your home improvement ROI (return on investment). It is important to note however, that not all home improvements are created equal. While transforming a bathroom into a spa-like space may sound appealing, the cost may not pay for itself when it comes time to sell. Replacing gutters or fixing a leaky roof, on the other hand, is more likely to increase a home’s value (despite not sounding quite as luxurious).
As housing prices continue to increase, now is the perfect time to invest in your home’s infrastructure. Prioritizing home improvement ROI could increase your home’s value even more so, which begs the question: how can homeowners be sure their home improvements are worth the investment?
Best Return On Investment Home Improvements
Minor Bathroom Remodel: Returns an average of 102%
Landscaping: Returns an average of 100%
Minor Kitchen Remodel: Returns an average of 98.5%
Attic Bedroom Conversion: Returns an average of 93.5%
Major Bathroom Remodel: Returns an average of 93.2%
Major Kitchen Remodel: Returns an average of 91%
Entry Door Replacement: Returns an average of 90.7%
Deck/Patio/Porch Addition: Returns an average of 90.3%
Basement Remodel: Returns an average of 90.1%
Replace Windows: Returns an average of 89.6%
If you plan to live in your home for five or more years, you should feel free to make upgrades that fit your preferences and lifestyle; however, if you want to turn a profit when you sell, try increasing your home improvement ROI. The best return on investment home improvements have developed a reputation for simultaneously improving demand and value. Therefore, homeowners can’t simply make any upgrades they want; they need to make the right upgrades. The highest ROI home improvements will prove more efficient and worthwhile than all others.
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