5 Home Projects That Will Get Your ROI Back

Investing in your home is not just about making it more comfortable for you and your family, it's also about increasing its market value. Whether you're a homeowner planning to sell or you're simply interested in improving your home's worth, it's important to know which home improvement projects offer the highest return on investment (ROI).

1. Minor Kitchen Remodeling

The kitchen is often considered the heart of the home, and prospective buyers have high expectations for this space. A minor kitchen remodel, such as replacing cabinet fronts, installing new countertops, flooring, and upgrading appliances, can recoup an average of 80.5% of the costs. The key is to avoid over-improvements that could potentially price your house out of the local market.

2. Bathroom Remodel

Bathrooms are another area of focus for potential home buyers. A mid-range bathroom remodel that includes updating fixtures, tile, vanity, and toilet can give you a return of around 70%. Just like with the kitchen, keep the remodel in line with the style of the home and the community at large.

3. Exterior Improvements

The first impression matters when selling a home, and that's where exterior improvements come in. Curb appeal can significantly influence a buyer's perception of a property. Simple projects like replacing the front door, modernizing the garage door, or updating siding can bring an average ROI of 94.5%.

4. Adding a Wooden Deck

Outdoor living spaces are highly desirable, especially in regions with pleasant climates. Adding a wooden deck to your home not only extends your living space but can also recoup up to 75% of the investment. Consider including built-in seating and a fire pit to make it attractive for potential buyers.

5. Landscaping

Investing in your home's landscaping can significantly boost its curb appeal and increase its market value. According to the National Association of Realtors, landscaping can provide an ROI of up to 105%. The implementation of a simple, clean, and well-maintained landscape design can help your home stand out in the real estate market.