My clients often ask me which home renovation project will yield the best return on investment in the long run. While I don’t have a crystal ball, I do agree with a recent article from Houzz, that outlined five home improvement projects with the best ROI. Here’s the list:
1. Updating or renovating your kitchen
A modern, well-designed kitchen both enhances daily living and attracts potential buyers, as it is often considered the heart of the home and a focal point during property evaluations.
2. Additional living space & square footage
Increasing the usable space in your home caters to evolving needs and boosts property value, offering a tangible return on investment with the benefits of functionality and versatility.
3. Curb Appeal
First impressions are important. Having a visually appealing exterior makes your home more inviting and more marketable, leaving a positive impression on potential buyers or guests.
4. Primary Suite
A primary suite enhances the comfort and relaxation that your home should have, making it beneficial for homeowners, and attractive to prospective buyers
5. Refreshed Bathroom
Renovating bathrooms (especially the primary) adds both aesthetic and functional value, contributing to the overall appeal of the home, and increasing property value.
These can be sizeable investments, so I recommend consulting a professional and doing your research before you begin. Whether you’re thinking long-term or getting your home ready to sell, checking off even just one of these projects may make a big difference in the sale of your home.
Wondering what projects not to invest in? Read this article from Houzz to learn more.
If you’re still unsure about investing in a new home project, I’m happy to provide guidance and my expert opinion. Reach out to me today for assistance in selling or buying your Seacoast NH home!