5 Of The Best Renovations You Can Do

To Boost Your Home's Value



Embarking on home renovations is an exciting venture — it's a chance to improve your living space and elevate your home's market value. In this series, we're delving into five top-notch renovations that can make a significant impact. From transforming kitchens into modern marvels to boosting curb appeal with exterior upgrades, let's explore the key projects that can redefine your home's charm and value.

KITCHEN REMODELING

Since the kitchen is the heart of the house, it should come as no surprise that remodeling your kitchen is among the best investments you can make. A minor kitchen remodel recovers about 72.2% of its cost, while a major kitchen remodel recovers about 62.6% of its cost, according to Remodeling Magazine's 2021 Cost vs. Value report. This vital space serves as a focal point for family gatherings and socializing, making it a prime candidate for a modern upgrade. Imagine the joy of cooking in a kitchen equipped with the latest appliances, stylish countertops, and efficient layouts. Beyond immediate enjoyment, a well-thought-out kitchen renovation can significantly enhance your property's value. Buyers are increasingly drawn to contemporary, well-equipped kitchens, making this renovation a strategic move for both your daily living experience and long-term financial gain.

BATHROOM REMODELING

The bathroom, another vital space in any home, holds immense potential for both personal comfort and increased property value. According to Remodeling Magazine's 2021 Cost vs. Value report, a midrange bathroom remodel can recoup about 61.6% of its cost, and an upscale remodel about 53.9%. Picture the luxury of starting your day in a modern, well-appointed bathroom. Common upgrades include the installation of a new shower or bathtub, an elegant vanity and sink transformation, and the replacement of worn-out tiles. Beyond the immediate gains in functionality and aesthetics, a bathroom remodel is a smart investment, offering a blend of personal satisfaction and increased home value. Potential buyers are often swayed by the presence of a stylish and updated bathroom, making it a renovation choice that pays off both for your daily comfort and long-term property value.

ADDING A DECK

Transforming your living space extends beyond the walls, and a deck addition offers a cost-effective solution to creating an appealing outdoor retreat. According to the Cost vs. Value report, a wood deck recovers about 75.6% of its cost, while a composite deck recovers about 63.3%. This relatively affordable addition not only enhances your daily living experience but serves as a significant selling point when putting your house on the market. When designing your deck, consider factors like size, composition, and placement to maximize its appeal. An outdoor living area can significantly contribute to the overall charm and marketability of your home, making a deck addition a savvy renovation choice for both personal enjoyment and long-term property value.

ADDING CURB APPEAL

Setting the stage for a positive first impression, investing in your home's curb appeal is a wise renovation move. Studies show that the exterior of your home significantly influences perceived value. From a fresh coat of paint on the front door to thoughtfully designed landscaping, there are various ways to enhance your home's exterior. Notably, a new garage door replacement recovers about 95.5% of its cost, emphasizing the impact of this investment. Additionally, a new entry door replacement can recoup about 65.2% of its cost, according to the Cost vs. Value report. Elevating your curb appeal not only makes your home more inviting but also contributes to its overall market value, making it a valuable renovation strategy for homeowners looking to boost aesthetics and resale potential.

BASEMENT REMODELING

Unleash the untapped potential of your home by considering a basement remodel. If your house boasts an unfinished basement, transforming it into a functional living space can significantly enhance its appeal and value. According to the Cost vs. Value report, a basement remodel typically recovers about 63.5% of its cost, making it a financially sensible investment. The possibilities are vast; you could add a bedroom or bathroom, create a home theater for entertaining, design a game room for family fun, or even set up a home gym for wellness enthusiasts. With a thoughtful basement remodel, you not only expand your living space but also maximize the value of your home in the eyes of potential buyers. 

In conclusion, making improvements to your home can both increase its value and improve your quality of life. However, when it comes to return on investment, not every renovation project is created equal. Kitchen remodeling, bathroom remodeling, adding a deck, improving curb appeal, and basement remodeling are the five best renovation projects you can undertake based on return on investment. To make sure you get the most out of your investment, take your budget, goals, and timeline into account when planning your renovation project.