Home renovation projects are a great way to refresh your house. Even more than that, they are an excellent investment in your property if you know how to choose the right projects. By planning your renovation with the right purpose and knowing how much value it can bring to your house, you can make the most of your hard-earned money. If you’re seeking ways to increase the value of your home, here are some home improvements worth considering due to their significant return on investment.
Upgrading flooring can instantly improve the look of your home and make it feel new. One of the most common questions homeowners have when it comes to home renovation projects is: what kind of flooring will give me the highest return on investment when I eventually decide to sell my home? The truth is that not all flooring options are created equal in terms of ROI. While some types of flooring add to the value of your home, others do not. So, if you are considering flooring renovation, it’s essential to consider the long-term benefit of each option.
- Wood – Hardwood flooring is one of the most popular and universally loved options, and for a good reason. Hardwood can stay beautiful for years with proper maintenance, and it adds to the overall value of your home. While hardwood flooring can be pretty expensive to install, its ROI is one of the highest, according to real estate agents.
- Tile – Porcelain tile is best known for its durability and low maintenance. It can last years and resist water damage, making it perfect for kitchens, bathrooms, and laundry rooms. Moreover, porcelain tiles come in various colors, patterns, and finishes, so you will indeed find an option that fits your taste.
- Stone – Natural stone flooring has been a trend for years and is becoming increasingly popular for its many benefits. It’s durable and long-lasting, making it perfect for high-traffic areas. Natural stone flooring also has a high-end appearance, which could be a selling point when you plan to sell your house.
Renovating your kitchen can provide a high return on investment if done correctly by focusing on upgrades that offer a modern look and improved functionality, which includes upgrading to steel appliances, replacing countertops, investing in quality cabinets, installing energy-efficient lighting, and more. Not only will these upgrades give you a higher ROI, but they’ll also make your kitchen a more enjoyable space to cook and spend time in. Start planning your kitchen renovation and watch your home’s value soar!
- Cabinets – Quality cabinets are essential to a functional and beautiful kitchen. It is worth investing in new cabinets if they are in poor condition or outdated. Choose cabinets made of solid wood or high-quality plywood and opt for soft-close hinges and drawer glides. This will not only improve your kitchen’s functionality but also its appearance.
- Countertops – Replacing countertops is one of the most popular upgrades you can make to your kitchen. Granite and quartz countertops are the most sought-after by home buyers, as they have a high-end look and are incredibly durable. Countertops are one of the first things people notice in a kitchen, so upgrading them can make a significant impact.
- Appliances – Upgrading outdated appliances to stainless steel can make a massive difference in the value of your home. Steel has become the standard for modern kitchen design and adds a sleek look to your kitchen. Steel appliances are also more durable and easier to clean, which is essential for buyers who want low-maintenance homes.
- Lighting – Energy efficient lighting saves you money on your utility bills and adds ambiance to your kitchen. LED lights are popular due to their longevity and energy efficiency. They also come in various colors and can be placed in different parts of the kitchen, such as under the cabinets or in the ceiling.
Renovating or refreshing your bathroom can add significant value to your home. With little changes like upgrading your bathroom vanity, lighting, paint, and accessories, you can transform your bathroom into an oasis that is ideal for relaxation and rejuvenation. Choosing modern and durable materials, utilizing soft lighting, adding ample space for storage, creating a relaxing ambiance, and enhancing your fixtures and accessories are key to adding value to your bathroom and, ultimately, your home.
- Bathroom vanity – The bathroom vanity is one of the essential components of any bathroom. It provides a space for storage and helps keep the bathroom neat and tidy. Upgrading the bathroom vanity can dramatically improve the look and feel of your bathroom. This renovation may include adding a new countertop, sink, faucets, or cabinets. A new bathroom vanity will improve the aesthetics and modernize your bathroom.
- Paint or refinish cabinets – A new coat of paint can quickly transform any bathroom and should not be overlooked. Choose fresh and bright colors that complement the overall look of your bathroom. Also, consider upgrading accessories such as shower curtains, towels, and soap dispensers to give your bathroom an updated look.
- Update fixtures and lighting – The lighting in your bathroom can significantly affect its overall look and feel. Upgrading the lighting allows you to create a relaxing and cozy ambiance in your bathroom. Consider replacing your outdated fixtures with modern ones that give off soft light. You may also want to add task lighting, such as reading lamps or under-cabinet lights, which can be helpful for putting on makeup or shaving.
Interior Paint & New Trim
When it comes to home improvement projects, painting and upgrading the trim in your home can be profitable. A new coat of paint can update your home’s overall look, adding value worth more than what you spent on the project. Remember to choose neutral colors that appeal to a broad range of homebuyers and consider upgrading the worn-out and outdated trim.
- Paint – Consider painting your walls, trims, and ceilings. A new coat of paint can instantly update and modernize your home’s interior, and it’s one of the most common and cost-effective upgrades you can make. A fresh coat of paint can give you a return on investment (ROI) of 107%.
- Trim – Besides interior paint, upgrading the trim in your home is another project that can add immense value. Worn-out baseboards, crown moldings, and door casings can detract from the overall appearance of your home. Upgrading the trim in your home is a quick and affordable project that can add style, depth, and texture. And the ROI for this home improvement project can be as high as 91%.
Don’t underestimate the power of curb appeal. Curb appeal is important when selling a home but can also increase the overall satisfaction of owning your property and also aid in attracting a potential buyer.
- Siding – Replacing your home’s siding is a valuable investment that improves the look of your home and protects it from harsh weather conditions and costly damages. When choosing a siding material, consider the ROI it can offer. Fiber cement siding, vinyl siding, wood siding, brick siding, and stucco siding are all great options that can provide a high return on investment.
- Front Door – The front door is the focal point of your home’s exterior and can make a bold statement. If you have a worn-out or outdated door, upgrade it with a new one. Consider a high-quality wooden door, a modern steel door, or a beautiful glass door. Decorative hardware, such as doorknobs, handles, and hinges, can also help your front door become more visually appealing. Upgrading your front door can have an ROI of up to 91%!
- Windows – New energy-efficient windows can significantly impact the look of your home’s exterior while benefiting you in the long run. New windows can make your home more comfortable, energy-efficient, and quieter. Installing new windows can have an ROI of up to 70%!
- Landscaping – Landscaping is one of the easiest and most effective ways to enhance your home’s exterior. A well-maintained lawn, trimmed hedges, and colorful flowers can instantly improve the look of your yard. Additionally, you can add some visual interest by incorporating different types of plants and using varied heights and textures. Landscaping can have a high ROI, with an average return of 100% or more!
At Big State Construction, our team of experts will work closely with you to understand your vision and bring it to life, all while ensuring your project stays on track and within your budget. Contact us to learn more about our process and how we can make renovating your home an excellent investment.