Here are 25 home improvement projects that can significantly boost your home’s value.
Home improvement projects are an excellent way to increase a home's market appeal. Every year, Americans invest over $567 billion in home repairs and renovations. However, not all projects will add value, so it's crucial to focus on the ones that offer the best return on investment (ROI).
Whether you're making upgrades for personal enjoyment or preparing to sell, prioritizing projects that enhance home value is essential. From curb appeal to kitchen remodels, here’s a list of home improvement projects that can increase your home’s worth.
Make the House Feel More Spacious
Buyers are always looking for homes with ample space. Since the COVID-19 pandemic, the need for larger living areas has only increased, especially for those working from home.
If you can’t physically add square footage, consider opening up the floor plan. Removing non-structural walls can enhance natural light and create a more open and inviting space. However, it’s essential to consult with a professional before knocking down any walls.
Finish Your Basement
A finished basement is a sought-after feature, especially in the Pacific Northwest, Northeast, and Middle Atlantic states. While the cost of basement renovations varies, homeowners can recoup up to 70% of their investment.
Add a Bathroom
Buyers value the number of bathrooms in a home. If your house has only one bathroom, adding another can significantly increase its value. Though it’s not a cheap project, you can expect an 80% to 130% ROI.
Convert the Attic
Not every home can support an attic conversion, but if feasible, it can add extra living space. Ensure your HVAC system and home structure can handle the additional weight. Converted attics have an average ROI of 56%.
Some homeowners also opt for a mother-in-law suite—a detached living space separate from the main house. While costly, these units can be highly desirable. Be sure to check local zoning laws before proceeding.
Remodel the Kitchen
Kitchens are one of the most critical spaces for homebuyers. While a complete kitchen remodel can yield a 62% to 81% ROI, it’s crucial not to over-invest. If a full renovation isn’t necessary, consider updating cabinets, replacing hardware, or upgrading appliances instead.
Improve Energy Efficiency
Energy-efficient homes are attractive to buyers as they promise lower utility bills. Consider the following upgrades:
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Purchase Energy-Efficient Appliances – Replace dishwashers, refrigerators, and washers with Energy Star-rated products.
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Install Energy-Efficient Windows – Reduces energy loss, helping homeowners save 12% on energy bills.
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Replace Toilets with Low-Flow Fixtures – Conserves water, reducing monthly utility costs.
Enhance Your Curb Appeal and Exterior
First impressions matter. Your home’s exterior sets the tone for potential buyers, making curb appeal essential.
Get a Steel Door
A steel front door is low-maintenance, energy-efficient, and recoups 69% to 91% of its cost.
Add Stone Veneer
Adding a manufactured stone veneer can recover up to 96% of the cost at resale.
Replace Your Garage Door
Replacing a garage door offers one of the highest ROIs at 103%.
Touch Up Exterior Paint
Pressure washing and touching up paint can refresh your home’s look without the cost of a full repaint.
Spruce Up the Landscaping
A well-maintained lawn, pruned shrubs, and outdoor lighting can dramatically boost curb appeal.
Add a Porch, Patio, or Deck
Outdoor living spaces are highly desirable. Adding a deck, patio, or porch increases living space affordably and offers a high return on investment. Ensure any new addition meets building codes.
Reduce Maintenance Hassles and Add Value
Redo the Roof If Necessary
Replacing a roof recovers 107% of its cost at resale. An asphalt shingle roof offers a 61% ROI, while a metal roof yields 49%.
Fix Any Siding Problems
Replacing worn-out siding recoups 63% to 76% of its cost.
Look Into Your HVAC System
An outdated HVAC system can be a dealbreaker. Replacing it recovers 85% of its cost and appeals to energy-conscious buyers.
Budget-Friendly Home Improvement Projects
Do a Minor Remodel
Minor kitchen and bathroom remodels offer better returns than major overhauls. Replacing cabinet doors instead of entire cabinets is a cost-effective alternative.
Swap Out Bathroom and Kitchen Fixtures
Upgrading faucets, cabinet handles, and light fixtures can modernize a space at a low cost.
Refinish Hardwood Floors or Install New Flooring
Hardwood floors are a major selling point. Refinishing existing floors recovers 100% of its cost, while installing new hardwood flooring offers a 106% ROI.
Repaint in Neutral Tones
A fresh coat of paint is one of the easiest ways to refresh your home. Stick to neutral colors to appeal to a broader audience, making it easier for buyers to envision themselves in the space.
Conclusion
Choosing the right home improvement projects can significantly increase your property’s value. Whether you’re upgrading for personal enjoyment or preparing to sell, these renovations offer the best ROI. Prioritizing space, energy efficiency, curb appeal, and minor updates can make your home more attractive and profitable in the long run.
