Upgrading your home is an excellent way of improving its overall value. From remodeling the bathroom or kitchen to replacing the windows, many projects offer a great return on investment (ROI) down the line. However, not all improvements are equal. In fact, some upgrades may degrade your home’s value over time. Therefore, it is important to learn which upgrades are worth your time and which can result in a great ROI.
Here are some of the best return on investment home improvement projects to consider for your next endeavor.
Minor Bathroom Remodel
There are two areas of the home that buyers most often judge when deciding to submit an offer or not. Those two areas are the property’s bathrooms and kitchen. Because of this, taking the time to upgrade these rooms can offer a great return on investment. You essentially have two options when remodeling these rooms, a minor remodel or a major remodel. For the bathroom, a minor remodel should simply involve enhancing the overall aesthetics of the room, such as refinishing the cabinets or adding energy-efficient features. These types of remodels are typically quick and less expensive.
Minor Kitchen Remodel
Similarly to a minor bathroom remodel, a minor kitchen remodel simply improves the look of the room. For the kitchen, this type of remodel may entail replacing the appliances with newer models, as well as refinishing the cupboards and cabinets. You can even repaint the walls and fix any minor issues with the plumbing, including repairing leaky faucets.
Major Bathroom Remodel
In comparison to a minor remodel, a major remodel requires gutting the entire room to start from scratch. While this is a timely and costly project, conducting a major remodel on the bathroom is typically a worthwhile endeavor that could result in a good return on investment down the line. For a major bathroom remodel, you may completely replace the shower or tub with a spa-like experience, or you can replace the bathroom counter with a more modern finish. Additionally, if there are major issues with the plumbing, a major remodel is the time to fix those problems.
Major Kitchen Remodel
Once again, similarly to a major bathroom remodel, a major kitchen remodel requires gutting the entire room to start from scratch. For the kitchen, a major remodel may involve replacing countertops, cabinets, and flooring to give the room a fresh and modern look. You can even knock out a wall during this type of remodeling to create a better open floor plan. Still, when considering this type of remodel, be sure your decisions align with what modern buyers look for in a house if you’re looking for the best return on investment home improvements.
Curb Appeal
Before a buyer even sets foot in your home, they have to view it from the outside. Because of this, spending time to upgrade your property’s curb appeal is worthwhile. The more attractive and inviting you make the outside of your home look, the more you’ll attract buyers and offers down the line. Additionally, improving this part of your home will add overall value to it, giving you a better return on investment. Upgrading your home’s curb appeal may entail fixing issues with the landscaping, as well as upgrading the driveway, siding, or any walkways. You can also repaint the outside of your house to give it a fresher look.
Deck, Patio, and/or Porch Addition
Since the COVID-19 pandemic, buyers in today’s market have placed a greater emphasis on outside areas of the home. These areas typically include decks, patios, and porches. If your property does not already have one of these, it may not be a bad idea to install one. Upgrading your house with a front or back deck, patio, or porch can go a long way in increasing the overall value of your home.
Entry Door Replacement
Your front door says a lot about your home. If the door is dated and tacky, then chances are the rest of your house is as well. Therefore,
replacing your front door with a modern option is a great way to add value to the property. One of the most popular types of front doors in homes today is a Craftsman-style door. These doors typically have raised panels in the center of the frame and top glass panels. In terms of what type of wood to use, the best choices include alder, cherry, hickory, mahogany, oak, and maple. Each of these types of wood has its pros and cons, so choose whichever option is right for your situation.
Replace Windows
Windows are another worthwhile area of the house to consider improving. Replacing your current windows with
energy-efficient options is a great way to entice buyers to make an offer. These types of windows help cut down costs on heating and cooling, as well as allow more natural light to enter the home. While it may not seem like it, windows are another part of the house most buyers take notice of when touring properties, which means installing top-of-the-line options is a great way to recoup your losses when selling your home later.
Learn the Best Return on Investment Home Improvement Projects
When upgrading your house, it is important to pay attention to areas that translate to a better return on investment (ROI). Improvements such as bathroom and kitchen remodeling and replacing the windows are great options for added value. Still, while there are many upgrades you can do to your property, only a handful will actually pay off later on, which means learning which improvements are worth your time is absolutely critical.
Notch Luxury Properties is a team of Orange County real estate agents that know which home improvements offer better ROI than others. With years of experience on their side, the team has helped numerous homeowners make the right decisions in terms of which areas of their homes to upgrade, spanning across
homes for sale in Dana Point, Laguna Niguel, and San Juan Capistrano. If you’re looking for the best return on investment home improvement projects, then contact Notch Luxury Properties today.
