If you want to sell your home for Top Dollar, specific upgrades and repairs can significantly increase your home’s value and attract more buyers. If you’re thinking of selling your home in the next year, or want to add value to your home, you want to focus on projects that give the best return on investment (ROI). We’re going to review which projects can maximize your ROI while improving your living space! It’s important to budget both money – and time – involved in each; both are critical to review!

1. Kitchen Remodel

For many, the kitchen is the centerpiece of a home! A modern, updated kitchen can greatly increase your home’s value. Focus on cabinets, countertops, and appliances, tile is a good option too. Go for energy-efficient appliances and timeless materials like granite or quartz. Even minor kitchen remodels, such as new paint and hardware, can provide a solid ROI.

ROI: 60-80%

2. Bathroom Remodel

Bathrooms are another critical area for homebuyers. Upgrading fixtures, adding a double sink, or installing a walk-in shower can make a big impact. Smaller updates, such as new tile, fresh paint, and modern lighting, can provide a good return.

ROI: 60-70%

3. Curb Appeal Enhancements

Enhancing your home’s curb appeal can seal the deal from potential buyers the moment they arrive. Simple projects like painting the front door, planting new landscaping, and replacing lighting fixtures can yield high returns. Big projects like replacing siding or adding a new porch can also add significant value, but be sure to factor in the extra time involved.

ROI: 70-100%

4. Energy-Efficient Windows

Replacing old, drafty windows with energy-efficient ones not only improves comfort but also reduces energy bills. Homebuyers are increasingly looking for energy-efficient features, making this a good investment option.

ROI: 70-80%

5. Attic Insulation

Adding or replacing the insulation to your attic is one of the most cost-effective home improvements you can make. It enhances your home’s energy efficiency, reducing heating and cooling costs. This upgrade is a relatively inexpensive option, is fairly quick to complete, and is generally a good return.

ROI: 80-100%

6. Basement Finishing

A finished basement as a functional living space can significantly increase your home’s usable square footage. Whether it’s a bonus bedroom, a home office, or a rec room, a finished basement adds immediate value. Budget your time and money carefully on this one, depending on the size of the room and scope of the project it may not be a good option.

ROI: 70-75%

7. Deck Addition

Outdoor living spaces are big selling points in most areas. Adding a deck can expand your living area and is a great space for entertaining. Consider adding unique features like built-in seating or a fire pit, these are really eye-catching.

ROI: 65-75%

8. Smart Home Technology

Smart home gadgets can make your home more attractive to many buyers today. Smart thermostats, lighting, security systems, and door locks can improve convenience, security, and energy efficiency. Not all buyers want these features or may not give a return, so talk to a real estate expert about what sells in your neighborhood before committing to this.

ROI: 50-80%

9. Minor Upgrades and Maintenance

Small changes can make a big difference. Old carpet, refinishing hardwood floors, updating outdated light fixtures, all of these are very good options that can freshen up your home and increase its value. Regular maintenance also pays big toward to your home’s appeal.

ROI: Varies, but generally high

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Before Breaking Ground

The projects listed above are among the best in terms of ROI, making them smart choices for most homeowners, but some may work better depending on your market. Remember, the key is to choose improvements that not only increase your home’s market appeal but also fit within your budget and capability. By reviewing your situation and focusing on these high-ROI projects, you can enjoy a more beautiful, functional home while netting a good return on your investment when it comes time to sell.

These investment options can be really intimidating, especially for first time sellers! Before you break ground on any project reach out to top industry experts with hundreds of years of combined neighborhood-experience to get inside knowledge of which updates are good choices for your exact situation. If you are looking to net the most amount of money when you sell, Call EmpowerHome Team at 866-525-2056!