Best Home Updates for Strong Returns
Updated: Jan 18
As a homeowner, it's important to consider the return on investment (ROI) of any updates or improvements you make to your home. While some updates may be more aesthetically pleasing or add personal va
lue, they may not necessarily increase the value of your home or bring a high ROI.
Here are some updates that are generally considered to be good investments for homeowners:
Kitchen renovations: A well-done kitchen renovation can significantly increase the value of your home and bring a high ROI. Focus on updating appliances, countertops, and cabinets to give the space a modern and attractive look.
Bathroom renovations: Like kitchen renovations, updating your bathroom can also add value to your home and bring a good ROI. Consider replacing the shower or bathtub, updating the vanity and countertops, and adding new tile or flooring.
Energy-efficient upgrades: Installing energy-efficient windows, doors, and appliances can not only save you money on your energy bills, but it can also increase the value of your home. These updates can also make your home more appealing to potential buyers.
Exterior updates: Updating the exterior of your home, such as the roof, siding, or windows, can not only improve its curb appeal but also increase its value. This is especially important if the exterior of your home is in poor condition or is outdated.
Finishing the basement: Finishing your basement can add additional living space to your home and increase its value. This update is especially beneficial if you live in an area where there is a high demand for more living space.
It's important to do your research and carefully consider the ROI of any updates or improvements you make to your home. While it may be tempting to make updates solely for your own enjoyment, it's important to consider the long-term value they may bring to your home.
by Damian Johnson
Owner, Spot-On Home Improvements