When it comes to home renovations, some projects offer a better return on investment than others. If you’re thinking about making some changes to your home, it’s important to choose wisely—after all, you don’t want to spend money on a project that isn’t going to offer a good return when it comes time to sell. Here are some of the best renovations to consider if you’re looking to get the most bang for your buck.
Minor Bathroom Remodel: Returns an average of 102%
If you’re looking for a quick and relatively inexpensive way to increase the value of your home, a minor bathroom remodel is a great option. By making simple changes like replacing old fixtures, painting, and retiling, you can give your bathroom a fresh new look without breaking the bank. And according to Remodeling magazine’s 2020 Cost vs. Value report, you can expect to recoup an average of 102% of your costs when you sell.
Landscaping: Returns an average of 100%
A well-landscaped yard can go a long way in boosting your home’s curb appeal and, as a result, its value. Even if you don’t have a green thumb, there are plenty of low-maintenance options out there that will still offer a 100% return on investment. Try planting some shrubs or installing some hardscaping features like pavers or a stone walkway.
Minor Kitchen Remodel: Returns an average of 98.5%
Like a minor bathroom remodel, a minor kitchen remodel is a great way to update your space without spending a lot of money—or taking on a lot of risk. By making simple changes like painting cabinets, replacing hardware, and installing new countertops, you can give your kitchen a whole new look without completely gutting the space. Plus, according to Remodeling magazine’s 2020 report, you can expect to recoup an average of 98.5% of your costs when you sell.
When it comes to home renovations, some offer a better return on investment than others. If you’re looking to make some changes to your home that will pay off down the line, Minor Bathroom Remodels, Landscaping projects, and Minor Kitchen remodels are all great options that offer significant returns. No matter what project you choose, though, be sure to consult with professionals and get multiple estimates before proceeding—that way, you can be sure you’re getting the best bang for your buck. Need some recommendations for your next project?
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