Remodeling is all the rage as eager homeowners look to boost their properties’ value for resale or revitalize their living spaces. But as you budget and plan your next home project, it pays to know which upgrades yield the maximum return on your home investment (ROI).
So, where should you invest your precious remodel dollars for the biggest payoff? Let’s explore some of the best home remodel options.
Quick Payoff Upgrades for the Greatest ROI
These home improvement projects make your remodeled house more sellable and command top dollar on the market. Focus on aesthetics and curb appeal with faster returns on investment.
Painting
A fresh interior or exterior paint coat is one of the simplest and most budget-friendly remodels. Just $1,000-3,000 yields an average 107% ROI.
Doors
Replacing dated or damaged front doors with attractive, modern ones nets huge curb appeal. Upscale garage doors also leave positive first impressions for roughly $3k installed.
Flooring
Similarly, refinished or brand-new wood flooring offers excellent value. Other economical flooring like tile and laminate provide up to 100% ROI.
Landscaping
Carefully placed trees, flowering bushes, rock features, and lighting do wonders for curb appeal without breaking the bank. Focus on the following high-impact areas:
- Entryway – Greet guests with color and texture by flanking the walkway and entry stairs with lush plantings
- Front Foundation – Planted beds soften the home exterior and accent the architecture
- Fences/Gates – Disguise chain link and primp up picket fences with vines or privacy shrubs
- Backyard – Whether a patio oasis or play area, define spaces and enhance usability with garden beds, trees, and potted greenery
This attention to detail will help new landscaping thrive for years of enjoyment and stellar home value.
Big Upgrades for Long-Term Value
While pricier upfront, these major remodels transform spaces and functionality. They yield exponential appreciation and higher appraisal value.
Kitchen Remodel
A contemporary, spacious kitchen remodel averages around $25k. But it can net you between 50% and an incredible 93% ROI when selling. That return will continue to grow every year.
Bathroom Remodel
After kitchen overhauls, bath remodels yield the next highest ROI. Turn your dated bath into a spa sanctuary for $25k and recover about 70% when you sell.
Added Square Footage
Whether you finish the basement or add a primary suite, an extra living area boosts the perceived value. Expect 50-75% ROI on your investment depending on factors like location and layout.
Deck/Patio
Adding or upgrading outdoor living spaces like a deck or patio costs around $5k on average but can boost resale value by up to 80%, especially in warmer climates.
Outdoor kitchens and fireplaces also yield excellent ROI. Pair that with nice landscaping, and you have the ultimate outdoor retreat.
Choose the Best Home Remodel
As you plan projects to increase home value, the key is focusing on improvements that matter most to buyers in your area. An experienced contractor can provide critical insights about the best home remodel for your property.
LX Hausys offers an elite selection of innovative building materials for residential and commercial spaces. Our products blend style, durability, and value with globally recognized design and technology. We’re committed to staying at the forefront of industry trends while delivering exceptional service and expertise.
Contact us to explore top-quality products for your next remodeling project with the largest return and equity in mind!