The top home improvements with the best return on investment (ROI) vary depending on the current housing market and local real estate trends, but in general, the following projects tend to have a high ROI:
- Kitchen remodel: A well-designed kitchen is often a top selling point for homebuyers, and even minor kitchen updates can have a big impact on the value of a home.
- Bathroom remodel: Updating a bathroom can also be a good investment, especially if it’s outdated or in poor condition.
- Addition of a deck or patio: Outdoor living spaces are becoming increasingly popular and can be a great way to increase the value and livability of a home.
- Siding replacement: Replacing old, faded, or damaged siding can significantly improve a home’s curb appeal and energy efficiency.
- Window replacement: Energy-efficient windows can lower energy bills and increase a home’s value, as well as enhance its appearance.
- Finish a basement: A finished basement can add additional living space and increase the value of a home.
It’s important to keep in mind that ROI can also be influenced by factors such as the cost of the project, the value of homes in the local market, and the quality of the materials used. It’s always a good idea to consult with a real estate professional or contractor to get a better understanding of what improvements will have the best ROI in your specific area.