Top 10 Renovations & Updates That Add The Most Value To Your Home

Whether you’re a fan of HGTV or just like to live in an appealing space, you’ll be happy to know you’ll get much of the money you spend on home renovations in Arvada back when you sell. The 2020 Cost vs Value Report from Remodeling magazine researched 101 markets in the U.S. to see which projects provide the best returns on the investment. We used their study and information from HGTV in 2020 to come up with a list of the top 10 renovations that pay you back.

What Renovations Bring the Most Return on Your Home Value?

The cost of home renovations varies in different locales and times, and every job is unique. Follow these guides to improve your home:

1. Do a minor remodel of the bathroom.

If you do a minor overhaul of your bathroom, you’ll get all the money back when you sell your home. Do simple jobs like replacing caulk, adding new shower doors, glazing a tired bathtub, and sprucing up the walls with a fresh coat of paint.

2. Hire a landscaper.

If you improve your landscape, count on a full return for your expense. Hire a professional if it’s in your budget. If not, get free advice from the nursery where you buy your plants. Add a splash of color, prune or replace overgrown shrubs, and plant borders beside walkways.

3. Do a minor remodel of the kitchen.

A kitchen remodel adds style to your home, but it also makes it more functional. With a 98% return on your investment, you can’t go wrong. Update countertops and flooring. Add new lighting, paint or replace worn cabinets, and change out old fixtures. Throw in fresh window treatments, and enjoy your new look.

4. Improve the exterior of your home.

If you spruce up the outside of your home, you’ll get around 95% of your investment back. Replace or paint drab siding, and brighten the front door with a cheerful coat of paint. Replace outdated shutters, railings or gutters, and add architectural features to the entryway or porch.

5. Add an attic bedroom.

An attic bedroom is not only a charming example of found space, but it also recoups around 80% to 100% of your investment, depending on where you live. Throw in features like skylights and solar panels, and your savings will be even higher.

6. Do a major remodel of the bathroom.

Investment returns on a major bathroom remodel average around a 93% return of cost. Replace old flooring with classic tile or stone, add a linen closet, and update cabinets and countertops with upscale options. Use light colors and stay away from chunky pieces to make the room look bigger.

7. Do a major remodel of the kitchen.

Depending on your budget and the value of your home, renovate your kitchen to open it up for cooking and informal dining. Forget heavy cabinets, and create an airy look to give the illusion of more space. Start at the bottom and work your way up. Redo floors, walls, and backsplash, and choose new appliances to complete the look.

8. Add a porch, deck, or patio for outside entertaining.

If you put an outdoor living space on your to-do list, you’ll reap the benefits of nature and average around 90% of your money back. Consider features like Mediterranean courtyards, spacious decks, and cozy porches with big rocking chairs.

9. Renovate the basement.

Whether you’re dreaming of a home theater, a fully stocked bar, or a gigantic family room, your basement holds possibilities. Investment returns vary from around 73% to 108% in various parts of the country. The key to finishing a basement is taking care of essentials like radon testing and leaky pipes early in the game.

10. Replace the windows.

Replacing dated windows with energy-efficient new ones saves on utilities, and it garners a return of almost 90% on the investment. In climates like the southwestern desert, replacing the windows will only give you a return of around 60%.

Other renovations that pay back big dividends include a manufactured stone veneer exterior, new garage doors, and fiber-cement siding. When planning your home projects, look to designers and experienced professionals like Tower Staging & Design for inspiration.

https://www.remodeling.hw.net/cost-vs-value/2020/
https://www.hgtv.com/shows/selling-la/see-what-s-selling-in-la-pictures