Interior designers and realtors make a great team when it comes to evaluating which projects will both bring you joy and are a good investment. It’s wise to talk to these two local professionals before embarking on a home improvement project. When it comes to home remodeling, homeowners often seek projects that not only enhance their living space but also offer a solid return on investment (ROI). Whether you’re planning to sell soon or simply want to improve your home’s value, here are the top five remodeling projects that deliver the most bang for your buck.
1. Kitchen Remodel
ROI: 70-80%
The kitchen is the heart of the home, and a remodel can significantly boost your property value. More importantly, having a beautiful and functional kitchen will bring joy to you, your family and friends. Focus on modernizing key elements such as:
- Cabinets: New cabinets are an investment in the enjoyment of your kitchen. Replacing worn-out cabinets is a facelift for your space. Creating efficient pantry space and adding drawers to replace old-school cabinets is both more ergonomic and functional. Pull-outs under the sink and making space for garbage, recycling, and compost is a game changer. While refacing or painting existing cabinets can give them a fresh look without the cost of replacement – it’s often not possible.
- Countertops: Durable materials like quartzite or granite can elevate aesthetics and functionality.
- Appliances: Energy-efficient models appeal to buyers and lower utility costs.
2. Bathroom Update
ROI: 60-70%
An updated bathroom can make a lasting impression on potential buyers. A bathroom that functions properly and meets your needs is a game changer. Key areas to focus on include:
- Fixtures: Upgrading faucets, showerheads, and lighting can dramatically change the look.
- Vanities: Consider replacing old vanities with stylish options that offer storage. A double vanity will help your living situation and make it more functional for families.
- Tile: Installing new tile will refresh the space and create a harmonious atmosphere.
3. Curb Appeal Enhancements
ROI: 70-100%
First impressions matter, and enhancing your home’s curb appeal can increase its value significantly. Even more importantly, having a lovely front garden will put a smile on your face. Consider these projects:
- Landscaping: Simple improvements like planting flowers, trimming bushes, and adding mulch can brighten your exterior.
- Paint: A fresh coat of paint on the front door or shutters can create an inviting atmosphere.
- Lighting: Outdoor lighting can enhance safety and highlight your home’s features.
4. Deck Addition/Back Garden Investment
ROI: 70-80%
An outdoor deck not only expands your living space but also adds significant value to your home. Key considerations include:
- Material: Composite decking is low-maintenance while natural wood is warm and inviting.
- Size: A larger deck/garden area can accommodate a bbq, a firepit, and more seating — making it perfect for entertaining.
- Design: Incorporate built-in seating or planters for added charm.
- Landscape Designers: These professionals can work hand in “garden” glove with installers to create a beautiful and bountiful environment.
5. Energy-Efficient Improvements
ROI: 50-80%
Investing in energy efficiency can pay off in multiple ways. Key projects include:
- Windows: Replacing old windows with energy-efficient models can reduce energy costs and improve aesthetics.
- Insulation: Upgrading insulation can enhance comfort and efficiency.
- Smart Home Features: Installing smart thermostats or energy-efficient lighting can attract tech-savvy buyers.
- Solar: Check and see if your city/state/county offers incentives for this environmentally sound option. Do your research, not all solar companies are the same.
Conclusion
When planning your next home remodeling project, keep in mind the potential return on investment. Focusing on these five areas can help you maximize value, whether you’re preparing to sell or simply want to enjoy a more beautiful living space. Always remember to balance personal taste with market trends to ensure your renovations pay off in the long run.
Two of my most trusted partners:
Debbi DiMaggio, Corcoran Icon’s DiMaggio/Betta Group has been in the real estate business for 30 years.
Debbi DiMaggio
510-414-6777
https://dimaggiobettagroup.com
Angele Sweet
Friend & Sweet Landscape Design and Management
510-875-5981
http://www.friendandsweet.com