ROI: Which Home Improvement Projects Add Value to Your Home?

by The Crompton Group 04/03/2022

Home improvement projects not only help you personalize your space to suit your style, but they can also boost your property value. When you are investing in a home improvement project, it's important to choose one that is going to allow you to enjoy the greatest return on your investment.

These home improvement projects typically add the most value to your home:

Kitchen Remodel

A kitchen remodel is one of the most costly home improvement projects that you can take on, especially if you decide to renovate your kitchen from the ground up. However, this is also one of the most valuable investments that you can make in your home. A renovated kitchen can provide you with anywhere from a 50 to 80 percent return on your investment, depending on the choices that you make and the amount of money that you invest in the project.

New Windows

Installing new windows in your home is an improvement project that will increase your quality of life inside your home while also ensuring you enjoy a generous return on your investment when you go to sell. It is important to opt for energy-efficient windows to get the most cost savings and see the highest returns. Don't forget about the rebates and tax credits you may be eligible for when you invest in energy-efficient windows.

Improved Deck or Patio

When you make a commitment to improve your outdoor living space, you are investing in your own enjoyment of your home. However, a freshly painted deck or a new patio can also add a lot of value — either project can offer a 30 percent to 60 percent return on your investment.

Basement Refinishing

Finishing the basement in your home can transform this storage area into a new, functional living space. If you add luxury features, such as a full bathroom or a wet bar, you may find that you see an even larger return on your investment from this project.

Any home improvement project — regardless of its size or scope — is going to require an investment of your time, energy and financial resources. When you select value-added home improvement projects, you may find that your investment pays off in dividends when you list your home on the market for the highest possible price.

About the Author
Author

The Crompton Group

 Real Estate Agents in the Denver Metro Area

Welcome!  We are so excited to be able to share with you information about the wide world of real estate.  Every day someone asks us, "How is the market?", and that is a simple question that is really asking "Should I sell my home?" "How much is it worth?" "What is the interest rate?" "Are there buyers out there?" "Can I buy at a good price?" "Are houses appreciating?" and many others.The information and links available on this site may answer some of those questions for you and give you food for thought.  Of course, we are always ready to help you sort through any and all of these questions and find your dream home or sell your present home.  Let us know how we can be of service to you, your family, and your friends.  We are part of an international referral system of top agents who would help anyone you refer in any part of the US or the world.