What Home Improvements Add Value to your Home?

Do-Home-Improvement-Add-Value-to-Your-HomeWhen looking at improving your home and investing in renovations, it is always good to keep in mind what your ROI will be. This is especially important if you are considering selling your home in the near future.

Some of the more popular home improvements that you may consider are:

  • Remodelling your kitchen
  • Adding a bathroom
  • Adding a Deck
  • Renovating the Attic or Basement

You may also want to consider some “green” renovation options, which may include:

  • Upgrading to more energy efficient windows
  • Improving or adding insulation
  • Adding solar panels

There are some other remodelling options that, while they may be desirable to you, do not actually carry very good ROI:

  • Adding a pool
  • Luxury home office
  • Highend gourmet kitchen
  • Adding a sunroom
  • Delux / luxury bathroom upgrade

Of all of the options that you have for home improvements, the ones that, if done wisely,┬áhave the highest Return on Invesment are a kitchen remodel and a bathroom addition. The kitchen remodel has a potential ROI of 60% – 120%, and a bathroom addition can bring an expected ROI of between 80% – 130%.

While considering selling your home you also mustn’t neglect your basic updates which include cleaning, repairing, and painting. These basic projects are important in making your home more attractive and appealing for potential buyers.

You can find out more details about these options by clicking on the infographic in this post…

Source: Half Price.com.au

7 Replies to “What Home Improvements Add Value to your Home?”

  1. Melbourne House Check

    Long-term-maintenance, energy-loss, and repair expenses can add up quickly to why some home owners should do home improvements.

    Since our home is likely our most important investment, renovations are a great way to increase the property value of it.

    It is estimated that a major renovation can add up to 10% of the value of our homes.

    Great post anyway!

  2. Home Improvements

    I never really considered ROI when I’m doing a renovation – until this. It’s crazy, all this time, my goal is to just beautify everything, setting aside the possibility (or reality) that I may have been spending too much, and not getting anything in return. Perhaps it’s also because I always thought that I’ll get to sell it no matter what – but what’s the point of selling if you’re not going to earn?

    Thanks for enlightening me!

  3. Besafe Property Inspections

    Great Article Bill

    I personally think heating and cooling our home, fueling up your car and watering your lawn, energy costs are one of the most significant expenses that we face .

    Nowadays , there are numerous ways to reduce both your carbon footprint and your recurring energy costs. Many of them are simple and common sense techniques that do not require major changes such as water tank, solar pane , double glazing, improve insulation etc…

  4. Pete

    Paint is the quickest and cheapest was to refresh a home, it can make the rooms bright and clean again. Essential especially if you are looking to sell.

  5. Mr Inspector

    Getting a building inspection before a sale could be beneficial too. Your potential buyer would probably get one anyway, so makes sense to ensure there are no issues that could put off the potential buyer.

  6. Safe Home Building Inspections

    Having bathroom tiles and the bath tub/shower recess resprayed is a good value add and can save plenty of money compared to redoing an entire bathroom (kitchen tiles and benches/cupboards can also be refinished at a fraction of the price of a refit/redesign)

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