Your home is perhaps one of the largest investments you’ll ever make, so it’s important to protect your investment. Whether you are dying to add that half-bath or a new deck, it’s also important to know which home improvements are best for getting the best return on your investment. Here’s what you should know about home improvements that pay off.
While this isn’t the prettiest of renovations, installing or replacing the loose-fill insulation in your attic is perhaps the home improvement project that really pays off. This is also one of the cheapest improvement projects on the list, not to mention the project that pays off the most. Homeowners who install or replace their home’s insulation can actually see a return for more than the initial investment!
There are plenty of smaller projects in this room that can really pay off. Minor bathroom remodels can actually offer a better return on your investment than a complete gutting of this space. New fixtures, re-glazing that old tub, removing dated wall coverings and adding a fresh coat of paint are great, inexpensive ways to recoup your investment.
Often overlooked when considering home improvements, your home’s landscaping is a great project that offers up to a 100% ROI. Whether you choose to work with a landscaping service and professional designer or tackle your landscaping on your own, this home improvement project carries a lot of bang for your buck. From new sod to new plants or simply liberating your entryway from overgrown greenery and adding a splash of color to an otherwise dull, lackluster exterior, landscaping can certainly pay off with simple fixes.
Other exterior home improvements can include installation of new vinyl siding, a new coat of paint, and an updated front entry door. Adding that new deck, patio, or porch you’ve been dreaming of can certainly offer a great return. These additions can offer up to a 91% return on your investment.
Kitchens are often the heart of the home, so it makes sense to give this space some attention. At best, minor kitchen remodels will offer up to 98.5% return on your investment. Cosmetic fixes are an excellent home improvement project for your kitchen space including:
- Refacing cabinets
- Adding recessed lighting
- Replacing countertops
- Installing new sinks and appliances
- Replacing flooring
Regardless of which home improvement projects you are dying to sink your teeth into, it’s important to think smart. Making sure you choose a project that will offer the best return on your investment will benefit you in the long run, especially if you ever decide to sell your home.