Tips & Tricks 23 March 2023

Best Home Renos to give you the highest Return on Investment

There are several home renovation projects that can give you a high return on investment (ROI) when it comes time to sell your home. Here are a few:

  1. Kitchen Updates: Updating your kitchen can give you one of the highest ROI of any home renovation project. Consider upgrading appliances, countertops, cabinets, and flooring for a fresh, modern look.
  2. Bathroom Updates: Renovating your bathroom can also yield a high ROI. Upgrades could include new fixtures, tiles, lighting, and mirrors. Consider installing energy-efficient appliances to add value to your home.
  3. Outdoor Living Space: Creating an outdoor living space such as a deck, patio, or screened porch can add value to your home. This can be especially appealing to buyers who enjoy spending time outdoors.
  4. Energy-Efficient Upgrades: Adding energy-efficient upgrades to your home, such as insulation, windows, and heating and cooling systems, can not only save you money on energy bills but also make your home more attractive to buyers.
  5. Adding a Room: Adding an additional bedroom, bathroom, or living space can also add value to your home. This can be particularly appealing to buyers who are looking for more space.
  6. Basement finishing: Turn an unfinished basement into a livable space, such as a bedroom, office, or entertainment area.

It’s important to remember that the ROI of a renovation project can vary depending on factors such as location, the condition of the property, and the current real estate market. It’s important to consult with a professional before making any major home renovation decisions.

If you don’t have a REALTOR®, give us a call at 705-743-4444. We always have an agent on duty that can help you out. We’re also happy to recommend professional contractors and specific upgrades that would be best for your home.