Whether you are selling your home, just purchased your first home or are a homeowner planning to stay put for a while, there is value in knowing which home improvement projects will net you the most Return On Investment (ROI). Here are our top 4 Home Improvements For Max ROI.
#1 Minor Bathroom Remodel
It costs about $10,500 to replace the tub, tile surround, floor, toilet, sink, vanity and fixtures. All manageable projects that update the new look of a dated bathroom. You’ll get back an average of $10,700 at resale, a recoup rate of 102 percent.
Cost to Complete: $10,500 | Return on Investment: $10,700 or 102%
#2 Upgraded Landscaping
A splash of color at the front of the house is an eye-catching plus. Not sure where to start? Local garden centers often offer free design services, or ask the neighbors what works for them. A charming focal point like a walkway and fountain adds major value to your property.
Cost to Complete: $5,000 | Return on Investment: $5,000 or 100%
#3 Minor Kitchen Remodel
If your kitchen’s floor plan is good but requires a new look, refacing cabinets, adding a tile backsplash. changing the countertop, or adding under cabinet lighting is a great place to start. Add professional detail without the cost by changing drapes, fixtures and window molding.
Cost to Complete: $15,000 | Return on Investment: $14,913 or 98.5%
#4 Exterior Improvements
Outdoor spaces add curb appeal and a place to enjoy the aforementioned landscaping improvements. Consider repainting your house or investing in vinyl siding. For an updated look, remove old awnings from windows and doors. A new front door will add a welcoming feel .
Cost to Complete: $7,000 | Return on Investment: $6,700