Best ROI Home Improvements for Your Home

Buying a home is one of the most significant investments most people make in their lives. Yet, it's not just about putting a roof over your head. It's about making smart choices that will yield high returns if and when you decide to sell. According to Renofi, the national average ROI for home remodeling projects is around 70%. But which home improvements offer the best ROI, and how can you make informed decisions for your own home?  Let’s delve into it, shall we?

Before you take the plunge into home renovations, it’s essential to know which projects typically offer the best ROI. According to Remodeling by JLC, different projects have varying ROIs. Below is a table that summarizes this:

Armed with this information, you can make smarter decisions for your home improvement projects. But remember, not all home improvements are created equal. Let's explore this in greater detail.

A minor kitchen remodel can be transformative for both your daily experience and future resale prospects. And it all starts with small touches—quartz countertops that glimmer with the morning sun, a fresh coat of inviting paint, perhaps an island for extra prep space, or energy-efficient appliances that are not just friendly for Mother Earth but also friendly for your wallet. Each of these elements doesn't just add a splash of beauty; they elevate your entire living experience while promising some of the best return on investment home improvements you can make.

A room can go from drab to fab with just a can of paint. It’s an act of transformation—like watching the first buds of spring sprout through winter's snow. A fresh coat of paint breathes new life into your home, symbolizing renewal and change. And the choice of color? Oh, it's more than aesthetic. Neutral tones act like a canvas, allowing potential buyers to paint their dreams upon it, thus appealing to a broader range of home-seekers and enhancing your home's resale value.

Hardwood floors are the unsung heroes of home elegance. Their beauty is timeless, their grandeur unmistakable. But time takes its toll, leaving them scratched, worn, and screaming for a little TLC. A refinish can bring them back to life, adding years to their lifespan and luster to their finish. This isn't just any home improvement; it's akin to finding a vintage piece of art and restoring it to its original glory. Plus, those refinished hardwood floors can make for an attractive selling point, elevating your home’s value and standing as a high ROI home improvement.

Strategically placed, mirrors capture light, pulling it into dark corners and corridors, opening up spaces, and transforming your rooms into brighter, warmer places to live. Whether you choose a sleek modern design or a vintage ornate frame, mirrors can act as the jewelry of your home, giving rooms that extra sparkle while practically serving to expand space.

It's amazing how a simple twist—quite literally—can change everything. Swapping out aging knobs and faucets is like giving your home a mini-facelift. Old-fashioned brass handles can make way for sleek stainless steel or chic matte black, instantly modernizing cabinets and doors. Think of it as refreshing your home's wardrobe: small changes that create a dramatic impact, and all without breaking the bank.

Imagine this: potential buyers drive by, and their eyes widen, captivated by the home that stands before them. The exterior of your home is your first handshake with the world, and power washing those years of accumulated grime off your siding is like a renewing spa day for your home. Add a neat driveway, consider replacing your garage doors, and voilà! You've increased your home’s curb appeal and enticed potential buyers to dream of what could be.

Gardens speak. They tell a story of care, of love, and of the kind of attention to detail that potential buyers can expect in your home. Trees offer shade and perhaps a future home for a child's treehouse, bushes can provide privacy, and a dash of colorful flowers is like your yard's own welcoming committee.

There’s a special kind of magic in repurposing an overlooked corner into a functional space—a study nook, a cozy reading corner, or even a small home gym. These small transformations signal to potential buyers that every inch of the home is usable and valuable. You're not just adding square footage; you're multiplying possibilities, opening the doors for future homeowners to imagine their lives unfolding in this vibrant, multifaceted space.

Basements and attics are the hidden treasures of a home, often overlooked but full of potential. Imagine turning that dark and unused space into a home theater, a game room, or even an extra bedroom. By giving purpose to these forgotten spaces, you not only add usable living space but offer potential buyers a richer, fuller home experience, positively impacting your resale value.

From minor tweaks like new faucets and fresh paint to bigger tasks like a new shower enclosure or a luxurious soaking tub, each change is a step towards creating a haven of relaxation.

The Craig Bennett Group is a devoted team of local real estate experts, primarily serving the Metro Phoenix area. If you're looking to buy or sell a home or have any questions about the Arizona real estate market, contact Craig Bennett Group today.