When considering home renovations, it’s important to recognize that some improvements can significantly enhance your home’s value, while others may not. For instance, installing a swimming pool in a flood-prone area could be detrimental.
Conversely, strategic upgrades like kitchen remodels, bathroom enhancements, or adding energy-efficient features can boost your home’s worth. Thoughtful planning ensures that your investments yield positive returns.
5 Of The Best Home Renovations You Can Make
This article will tell about some of the best home renovations you can make. These renovations come from Remodeling Magazine’s Cost vs. Value Report.
If you’re putting in manufactured stone veneer, you could get just about all of your money back. For other projects, your return will be in the 60-70% range.
| Project | Job Cost | Resale Value | Cost Recouped |
|---|---|---|---|
| Master Suite Addition (Upscale) | $136,739 | $80,029 | 58.5% |
| Minor Kitchen Remodel (Midrange) | $23,452 | $18,206 | 77.6% |
| Siding Replacement (Vinyl) | $14,359 | $10,731 | 74.7% |
| Deck Addition (Wood) | $14,360 | $10,355 | 72.1% |
| Entry Door Replacement (Steel) | $1,881 | $1,294 | 68.8% |
Check out the whole list from Remodeling Magazine.
Some other ways you can improve the resale value of your home are to do some do-it-yourself projects that don’t take much time and money.
Here are some DIY projects that will improve your home:
- Try some lawn landscaping
- Update your bathroom fixtures
- Update your kitchen fixtures
If you’re still looking for other DIY ideas, look for more Atlantafi.com articles.