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Top home improvement projects with the best return of investment (ROI)

If you’re looking to invest back into your home, you’ve probably already considered several possible remodeling projects. 

Renovating your home can boost its value, make it more attractive to prospective buyers. It also transforms it into a better place for you and your family in the present. Let’s discuss the home improvement projects with the highest return-on-investment.

First, focus on any essential projects

Right from the start, you might be tempted to jump right into a kitchen or bathroom remodel. After all, you’re in your kitchen every single day—you know just how much it needs a makeover. Before you invest in this type of remodeling, you should really prioritize spending your money, time, and attention. It might sound boring, but replacing your failing garage door or fixing a leaking roof should come first.

Looking for a quick fix to feel motivated? Here are some great ideas to add instant curb appeal.

Most essential home projects have a high ROI, because many of them make it possible for you to sell your home. Major home issues like structural damage or a bad roof should be fixed before listing a home for sale.

If your home’s cooling and heating systems need to be replaced

Take care of that project before you invest in other areas of your home. Yes, a seemingly mundane furnace replacement isn’t going to stand out when people tour your home, however, you’ll have a much easier time selling it when they start looking over the finer details. Plus, you’ll be able to enjoy a more comfortable and efficient home until then.

Refresh your kitchen and bathroom

Once you’ve completed any essential items, you can move onto the fun stuff: remodeling your kitchen and bathroom. Not surprisingly, these two spaces are typically at the top of most homeowner’s to-do lists. Generally speaking, kitchen and bathroom remodels have a high ROI and can have a major impact on your home’s value. The key to getting the most possible value out of your renovation is setting a scope and staying within your budget. Yes, you can build the kitchen of your dreams by putting an extra ten thousand dollars into the project. But, if you’re not going to get that money back when you sell your home, that might not be the wisest investment.

Any successful kitchen remodel involves new cabinets and countertops. Be Happy Property Services is here to assist you in recommending high-quality materials and expert installation: cutting corners on granite, quartz, or cabinetry can lead to a shoddy finish and reduced value. You’ll likely spend up to half of your total budget on these materials, but there are ways to save money. 

In either room, limit the scope of the project to contain your total overhead. For example, you may not have the budget to replace both the tub and the shower, so just replace the shower and put your remaining money into new floors, a bathroom vanity, and new lighting fixtures. If you’re planning on staying in your home for at least a little while, you can also break the project into phases. Some homeowners remodel most of the kitchen first, and then wait a bit before buying new appliances and putting the finishing touches on the project.

Change your backyard for the better

The backyard is really a major selling point of so many homes. The right backyard can be an inviting space that connects the home to the beauty of the outdoors—especially in the nicest times of the year. A new deck can add significant value to your home. If your home isn’t built for a deck, instead re-imagine your patio. A built-in grill, a gas-lit fire pit, and a cooking prep area can transform your backyard into the place to be in the summer, while also making your home more attractive and valuable.

When it comes to value-boosting home upgrades, the list is nearly limitless. Give us a call for a free estimate.  We are more than happy to point you in the right direction, showing you what other local homeowners are doing. With our help, you’ll be able to prioritize what projects you should take on first.

Be Happy Property Services provides residential and commercial properties in Anchorage and our surrounding areas with dependable, licensed, insured, and bonded services.  One call, we do it all! 907-336-7434.

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