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5 Major Home Renovation Projects That Offer The Best Return On Investment

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When it comes to renovating your home for re-sale there are a few major renovations that top the list.

1. Major Kitchen Remodels. (ROI 75-85%)

The function of the kitchen has evolved over the years and now more than ever the kitchen must meet those needs.

  • Buyers want to envision themselves in a gorgeous newly renovated kitchen where they can actually see themselves – preparing meals for their friends and family -where the kids nestle into a cozy banquette doing their homework, or their guests mingling around that gorgeous island. Buyers want to see this in their minds eye and know that it’s attainable.
  • A major kitchen remodel may need to include a new floor plan to improve on a poorly designed work triangle.
  • If the kitchen is completely dated, isolated and compartmentalized with an inefficient floor plan and layout – don’t think that replacing the cabinets and appliances will camouflage the problem. It won’t!
  • If at all possible add an island into those plans. Everyone loves them!
  • Replacing all cabinetry, appliances, lighting, flooring, finishes and fixtures and new French doors and windows will grab the buyers’ attention.
  • Since kitchens and baths are the costliest rooms to renovate, the buyer will be thrilled that the work is already done for them.

2. Family Room Additions. (75% ROI)

The family room is the second most popular space in the home after the kitchen.

  • Adding 400 sq. ft. of bright and cheery living space (if your neighborhood will bare it), will definitely improve the value of the home
  • Increase the overall height of your space and introduce a vaulted ceiling. Creating a sense of volume instantly makes a room feel more spacious.
  • Consider the details and add beautiful French doors, floor to ceiling windows or even skylights to flood this new space with light and maximizes a view. Take it one step further and add the deck.

3. Deck Addition. (72-95% ROI)

Deck additions are quite possibly the best investments these days. They naturally transition the interior to the exterior – instantly expanding your living space.

And who doesn’t love that?

  • It’s a vacation-at-home experience, as it expands your living space and extends the summer season – forcing you to live more outdoors before the winter season sets in.
  • Its design can be as simple or elaborate as the home it’s attached to.
  • Multi-leveled or single, built in seating or casual seating areas, hot tubs, and outdoor kitchens – all of which add to the vacation home atmosphere.
  • Decks are more popular than pools and relatively easy to build.
  • Design the deck to compliment the character of your home’s exterior architecture. Give it some thought in planning – it should be proportionate to the size of your yard.
  • Incorporate energy efficient solar or led lighting.

4. Main Floor Master Bedroom Addition(73% ROI)

  • Adding a 400 sq.ft. master bedroom suite and spa-like bath provides a private retreat and appeals to many home buyers. Access to main floor is gaining in popularity.
  • Empty nesters and others, who no longer want to tackle stairs, prefer to have the master bedroom and bath retreat on the main floor level of the home.
  • Immediate access to a gorgeous deck or patio outdoors also adds to the return.

5. Two-Story Addition (77% ROI)

  • A two-story addition of 800 square feet could include a new main floor family room and an upper level master suite complete with a full bath
  • Or utilizing that extra space and designating it, as the home office, is very appealing to home- buyers.
  • Homeowners are spending more time working from home and with the homepreneur trend growing, buyers are attracted to the extra space dedicated solely to operating their home based business.