Home renovations can do more than improve the aesthetics and functionality of your space. The right renovation can also improve property resale value, making it an excellent investment of your time and money. But which renovation projects are worth the work? Here are some home renovation ideas with the highest return on investment:
When it comes to home renovation, garage doors are often forgotten. However, garage door replacement can boost your home’s curb appeal significantly and result in higher resale value. While there are many options available for a garage door makeover, even the simplest and most affordable changes can pay off.
If your current garage door mechanisms are in perfect condition, consider adding a new coat of paint to the outside. If you’ve experienced any issues with the functionality, having the switches, sensors and other components professionally serviced is worth your investment.
You don’t have to tear out and rebuild your entire kitchen to get major returns on a home renovation project. Opt for highly affordable and highly effective upgrades like new hardware for your cabinets and drawers. Painting your cabinets can also transform the entire space and result in more money on a home sale.
New fixtures like faucets increase your kitchen’s total value considerably, even if the upgrade is only for aesthetics. For an extra boost, try installing a water filter attachment or a built-in soap dispenser. DIY upgrades can help you save money and lower your cost, but consult a professional contractor if your renovation process includes electrical or plumbing systems.
Energy efficiency is always a major plus to prospective homebuyers. However, even if you’re not planning to sell your house, replacing your windows with energy-saving vinyl can bring massive returns.
Homeowners who replace their windows with energy-efficient upgrades can save hundreds of dollars on their central heating and air conditioning. With better insulated windows, you’ll not only get a decent return on investment with increased home value, but with lower energy bills as well.
Not every home renovation has to be a full home remodel. During the planning process, make sure that you’re only completing the necessary upgrades for functionality, ROI and home living experience, so you don’t end up with a huge undertaking that could end up costing you more.
Licensed Real Estate Broker with 30 years experience generating wealth accumulation and providing Exceptional Service to Sellers, Buyers, Investors and Real Estate Developers.
