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What home improvements bring in the best return on investment?

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here are several home improvements that can bring a good return on investment (ROI), but it is important to keep in mind that the specific ROI will depend on a variety of factors, including the local housing market, the condition of the home before the improvement, and the quality of the improvement.

  1. Kitchen remodels: A kitchen remodel can be a significant investment, but it can also bring a high ROI. According to data from the National Association of Realtors, a minor kitchen remodel can have an ROI of about 81%, while a major kitchen remodel can have an ROI of around 68%.

  2. Bathroom remodels: Like a kitchen remodel, a bathroom remodel can be a major investment, but it can also bring a good ROI. According to the National Association of Realtors, a minor bathroom remodel can have an ROI of around 78%, while a major bathroom remodel can have an ROI of around 62%.

  3. Adding a deck or patio: Adding an outdoor living space, such as a deck or patio, can be a relatively affordable improvement that can bring a good ROI. According to the National Association of Realtors, adding a wood deck can have an ROI of around 82%, while adding a patio can have an ROI of around 75%.

  4. Adding a room: Adding an extra room, such as a bedroom or a den, can also bring a good ROI. According to the National Association of Realtors, adding a bedroom can have an ROI of around 78%, while adding a den can have an ROI of around 60%.

  5. Replacing windows: Replacing old, inefficient windows with new, energy-efficient windows can bring a good ROI, especially if the old windows are in poor condition. According to the National Association of Realtors, replacing windows can have an ROI of around 77%.

  6. Painting: A fresh coat of paint can do wonders for the appearance of a home and can be a relatively affordable improvement. According to the National Association of Realtors, painting the exterior of a home can have an ROI of around 76%, while painting the interior can have an ROI of around 50%.

  7. Adding a fence: Adding a fence can add value to a home and can also be a good investment. According to the National Association of Realtors, adding a fence can have an ROI of around 70%.

  8. Landscaping: Landscaping can improve the appearance of a home and can also add value. According to the National Association of Realtors, landscaping can have an ROI of around 100% or more, depending on the extent of the work.

It is important to keep in mind that these figures are estimates and the actual ROI will depend on a variety of factors, including the local housing market, the condition of the home before the improvement, and the quality of the improvement. In general, it is a good idea to prioritize improvements that will make the home more functional, energy-efficient, or attractive to potential buyers.

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