Top Home Renovations For Maximum ROI
Whether you are selling your home, just purchased your first home, or are a seasoned homeowner planning on staying put for awhile, there is value in knowing which home improvement projects will net you the highest return on investment. Want to make sure your remodels are worth the cost and effort? Here are some top options:
A little color and a touch of hardscaping can make a huge difference to your curb appeal, which is a great immediate equity-booster.
Basic landscaping upgrades should include:
- Flowering shrubs
- Tall local trees – for Southern California this could be palm trees, fruit trees, or olive trees
- A flagstone walkway
- Stone planters
- Fresh mulch
If you find yourself running to get buckets when it starts to rain, getting a new roof should be your number one priority.
Not sure if you need a new roof? Signs you might include:
- Shingles are missing, curling up, or covered in moss.
- Gritty bits from the asphalt shingles are coming out the downspout.
- The sun’s shining through your attic.
- You notice stains on ceilings and walls.
- Your energy bill is insanely high.
Hardwood floors are a timeless classic. Refinishing is a no-brainer. If you don’t have hardwood floors, you certainly won’t regret adding them, especially when you see the monetary increase they add to your home’s value.
Patio or Deck
Outdoor spaces add curb appeal and a place to enjoy your new landscaping. So how about that deck or patio you’ve been dreaming of? Throw in a fire pit for an even greater ROI.
Average cost of a patio: $6,400
Average ROI: 102% at $6525
Average cost of a deck: $9,450
Average ROI: 106% at $10,000
New Garage Door
A new garage door provides a big boost for your home’s curb appeal at a relatively cheap cost. There is also a wide variety of options to choose from, allowing for varied budgets. From factory-finish colors, wood-look embossed steel, and glass window insets, you’re sure to find a new garage door to fit your budget and style.