5 Home Improvement Ideas That Have a High ROI! Cha-Ching!
3 mins read

5 Home Improvement Ideas That Have a High ROI! Cha-Ching!

Ladies and gents, time is of the essence and if you’ve been thinking about selling your home, now is the time to do it. Interest rates are rising and while the market is still in your favor, buyers are going to be more tentative about buying the right house.

So, if you’d like to maximize your profits and increase the value of your home, these home improvement ideas are a great start.

1. Bathroom Renovation

A bathroom renovation is going to be costly, but it can add 182% in resale value. It’s worth the money to upgrade the sinks to a double vanity, put in a sizable tub, and add more storage. Of course, don’t forget to replace the flooring (especially if the original floor is carpet) and paint! At the end of the day, your buyers want a luxurious bathroom where they can kick back, relax, and enjoy some self-pampering.

2. Improved Landscaping

First impressions have to be on point, even if you want to sell your house quickly and for cash. Improving your landscaping is an excellent way to make a lasting impression and add value to your home. If you were to just plant a few trees, bushes, and flowers, you can get 100% of that money back when you sell. When a potential buyer comes to your house and sees how well-maintained your yard is, they’ll assume the interior is as well maintained, which works in your favor.

3. Modernizing the Kitchen

Along with a beautiful bathroom and a gorgeously manicured yard, buyers are keen on homes where the kitchen is as functional as it is lovely. They want modern stainless steel appliances, an island, nice cabinets, and granite countertops (although quartz is right up there too). And whatever you spend on your renovation, you’ll get 81% return on your investment.

6 budget-friendly DIY renovations that add value to your home - Home Owners, Advice

4. New Front Door

Along with improving curb appeal, a new front door can be the focal point that brings everything together and helps with energy efficiency. You can spend a pretty penny on a new front door, but it’ll be worth it. Of course, if you’re on a tight budget, you might be interested in changing the color to something that complements the rest of your home. Also, don’t forget to add a wreath for a nice touch!

5. Adding a Deck or Patio

Buyers are spending a lot of money for a new home, but that doesn’t mean they don’t want to enjoy spending time outside. Give them a perfect place to entertain guests by adding a deck or patio to the backyard. For some buyers, a deck or patio may be the deciding factor when it comes to choosing a house or not. Plus, a new deck or patio can add 90% of it’s value to your home.

Deciding to renovate your home is going to cost money, that’s for sure. However, you know what they say – you have to spend money to make money! These renovation projects can increase the value of your home and help your home stand out  from the rest in the mind of potential buyers.