5 Home Renovations That Offer the Best ROI for Resale

Feb. 07, 2023 | Written by: Michelle Goodroe

Are you thinking about selling your home, but want to get the MOST out of it?

Selling your home can be a stressful process, especially if your home is in need of updates. Renovating your home can coast a lot of time and money, so you want to make sure that when you're taking on a project, you'll be able to get the most out of it. You may be wondering what projects will be the most beneficial and offer the best ROI for resale. Look no further, below we have included some of the best renovations/ updates that will  give your home a fresh new look and add good value.

1. Refinishing you wood flooring/ updating your flooring

  • This will give your home a fresh new look and add good value. If you have hard wood floors, think about giving them a good update by refinishing them. If you have older flooring that isn't hardwood, think about adding in new carpet or a laminate. This will brighten up the space and give it a fresh new feeling.

2. Kitchen upgrade/ renovation

  • Home buyers love a good kitchen that gives the WOW factor!  Kitchen updates/ upgrades don't have to extremely pricy, if you do them right. Think about updating cabinets by replacing them or giving them a DIY makeover. Selling your home with appliances? For a couple thousand dollars you can purchase a stainless steel appliance package. This will bring unity to current mismatched or old appliances.

3. Bathroom upgrade/ renovation 

  • A bathroom should be a calming space to relax. When selling your home the last thing you want is for an outdated bathroom to ruin your sale! Whether it's a small half bath needing and update or the master, doing so will definitely increase your value.

4. Renovating an empty or unused space into a living area

  • Adding more living area to your home is a sure way to add value. Good ideas would be turning a cold unfinished basement into a finished area by adding a comfortable new carpet, drywall or painting the walls, and doing a black spray ceiling. Have an Attic? try converting that area too! Having a bonus room is ALWAYS a bonus! Think your home needs an extra bedroom? Converting an extra room into another bedroom will open the possibility to a larger family purchasing your home.

5. Update the insulation 

  • No one like a cold drafty home in the winter and a sauna in the summer! Updating your insulation is not only a great selling featuring. Adding in a foam spray will be worth it. Updating your insulation is not only a great selling featuring, but will also help the new home owners save on their energy bill!