top 5 renos for best RETURN ON INVESTMENT
Here are the top 5 renovations that typically offer the best return on investment (ROI) when selling your home:
1. Kitchen Remodel (Minor to Mid-Range)
Why it pays off: Kitchens sell homes. Even a modest update—like refacing cabinets, replacing countertops, updating hardware, or adding energy-efficient appliances—can significantly boost appeal.
Average ROI: 70%–80%
2. Bathroom Update
Why it pays off: Buyers notice outdated bathrooms. Swapping in new vanities, fixtures, lighting, and fresh tile can modernize the space without a full gut.
Average ROI: 60%–75%
3. Curb Appeal Enhancements
Why it pays off: First impressions matter. Landscaping, new exterior paint, a modern front door, or even a new garage door can increase perceived home value instantly.
Average ROI: 80%–100% for garage doors; ~70% for landscaping
4. Flooring Upgrades
Why it pays off: Worn carpets or mismatched flooring are red flags for buyers. Installing hardwood, vinyl plank, or updated tile gives the home a clean, cohesive look.
Average ROI: 70%–80%
5. Finished Basement or Attic Space
Why it pays off: Increasing usable square footage—especially for a family room, office, or guest suite—adds big value without changing the home’s footprint.
Average ROI: 60%–75%
If you're preparing to sell, smart renovations can make a big difference in both sale price and how quickly your home moves off the market. While not every upgrade guarantees a massive return, focusing on high-impact areas like the kitchen, bathrooms, and curb appeal tends to deliver the best bang for your buck. Ultimately, the goal is to make your home more appealing to a wide range of buyers—without over-investing. By choosing renovations strategically, you can boost your home’s value and stand out in a competitive market.
