What Renovations Give the Highest Value?
When considering home renovations, most homeowners want to make changes that not only improve their living space but also increase the overall value of their property. But not all renovations are created equal when it comes to return on investment (ROI). So, what upgrades are worth your time and money? Let’s break it down. 1. Kitchen Remodels The kitchen is often considered the heart of the home, and for good reason. A modern, functional kitchen can significantly boost a home’s appeal. Potential buyers often place high value on updated kitchens, making it one of the most cost-effective renovations. ROI : Mid-range kitchen remodels recoup around 60-70% of their cost, while minor upgrades can see an even higher ROI. What to Focus On : Updating countertops to quartz or granite. Installing energy-efficient appliances. Adding a fresh backsplash for a modern touch. Upgrading cabinetry or adding soft-close features. 2. Bathroom Upgrades Bathrooms are another area where updates can yield a hig...