Whether you’re in the market to sell your home or want to explore ways to raise the value of your forever home, there are many remodeling and DIY projects you can add to your checklist this season! Not all home improvement projects have to be expensive to add value or help it appeal to homebuyers. Explore which projects have the highest ROI and are most sought after, then stop in to take advantage of our free in-store design services and start planning!
1. Bathroom Updates
Choose a bathroom remodeling or updating project that fits your style, and your budget, while still adding value to your home. New tile, updated cabinets and replacing fixtures will give you the biggest bathroom ROI. If these aren’t your budget right now, refacing or painting cabinets, replacing hardware, and regrouting are all great projects to tackle.
2. Kitchen Makeover
A mini or major kitchen makeover not only enhances your home’s style and creates a welcoming space for family and guests – even minor kitchen updates can go a long way to increase the value of your home. In the market to sell? Minor kitchen renovation projects earn an ROI of 92.9%. For many potential homebuyers, an updated kitchen is at the top of their must-have list!
3. Prioritize Curb Appeal
Some of the most impactful ROI can be earned outside of the home – from applying a fresh coat of paint to your front door (which offers an 80% to 140% ROI) to making sure your landscaping looks great with a neat lawn, trees, flowers and more, prioritizing curb appeal this season is one way to increase your home value.
4. Laundry Room
A separate laundry room tops the National Association of Home Builders’ (NAHB) list of most-wanted home features by buyers. From adding cabinets for convenient storage to updating countertops and sinks, having a dedicated laundry room helps a home sell faster and adds to its value, even if you’re not looking to sell.
5. Create a Bonus Space
76% of the homeowners surveyed said they would spend extra to incorporate a hobby room in their next house. Creating a bonus room on your main floor, upper level or basement adds to the value of your home and can seal the deal for that crafter, yogi or other hobbyists who are looking for their perfect space.
6. Deck it Out
Last but not least – barbecue in style this summer and increase the value of your home by refreshing your worn out deck. Replacing rotted, splintering or broken wood and giving it a new stain can give you an 80% to 120% ROI. Don’t forget to apply for a permit if you’re planning a major rebuild!
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