Are you thinking of remodeling your home but not certain which renovations would yield the best return on investment? Not every improvement will add the same value to your property, so choose your renovation based on what will increase your home value through the enhancement of curb appeal, energy-use efficiency, and modernization. Whether you want to sell off your home or you want to modernize your home, these recommended renovations will ensure that you get value for your money.
Energy-Efficient Windows
Installing double- or triple-pane Low-E glass windows can significantly reduce heating and cooling costs while improving comfort. Homebuyers value energy efficiency, making this one of the best upgrades, with an estimated return on investment (ROI) of up to 85%.
Landscaping Improvements
A well-maintained yard makes a strong first impression. Investing in professional landscaping—such as adding pathways, lighting, and water features—can dramatically boost curb appeal and provide an impressive ROI between 95% and 100%.
Minor Kitchen Renovations
You do not need a full kitchen remodel to increase your home’s value. Upgrading countertops, cabinets, and appliances can modernize the space without breaking the bank. These improvements typically recoup about 75% to 85% of the investment.
Bathroom Upgrades
An outdated bathroom can turn buyers away. Upgrading fixtures, tiles, and modern amenities like dual sinks or walk-in showers can make a big difference. Depending on the extent of the renovation, this upgrade can yield an ROI ranging from 35% to 65%.
Garage Door Replacement
A new garage door can instantly enhance your home’s exterior. Homeowners who invest in a high-quality, modern garage door typically recoup around 93.8% of the cost.
Front Door Replacement
Your front door is one of the first things people notice. Replacing it with a stylish, energy-efficient steel or fiberglass door can improve security and curb appeal while offering an ROI between 50% and 100%.
Siding Replacement
New siding not only refreshes your home’s exterior but also provides additional insulation and protection. This investment often results in an ROI between 85% and 100%.
Roof Replacement
A new roof is a costly but worthwhile investment, particularly if your current roof is aging. While not the highest return, a roof replacement still offers an ROI between 45% and 60%, making it a solid long-term investment.
Smart Thermostat Installation
Energy efficiency is a top priority for modern homebuyers. Installing a smart thermostat allows for automated temperature control, reducing energy bills and increasing your home’s appeal. This simple upgrade offers an estimated ROI of 50% to 60%.
Walk-In Shower Installation
Replacing outdated bathtubs with sleek, frameless walk-in showers can give your bathroom a modern and luxurious feel. This upgrade is popular among buyers and provides an estimated ROI of 70% to 80%.
