4 Home Improvements With The Best And Worst ROI

If you're interested in remodeling your home to boost its value, you need improvements with a good return on investment (ROI). Unfortunately, some renovations are more lucrative than others. If you would like to know more, check out these four home improvements with the best and worst ROI.

Best: Kitchen

Upgrading your kitchen is a great way to boost the value of your home. A minor kitchen remodel usually has an ROI of about 87 percent, and a major kitchen remodel has an ROI of about 80 percent. The best part about upgrading your kitchen is that you may not have to do much.

If the kitchen already has good bones, you can simply make a few aesthetic upgrades, such as installing new cabinets, energy-efficient appliances, new fixtures, new flooring, new backsplash, additional lighting, or a kitchen island (if there's room). You can also refurbish old cabinets and add fresh paint. 

Best: Finished Attic or Basement

Finishing an attic or basement is a great way to expand the living space without impacting the quality of the home. Many people transform their attics or basements into bedrooms, family rooms, etc. An ROI for an attic bedroom is about 73 percent.

On the other hand, if you finish the garage and turn it into a bedroom or family room, you could reduce the value of your home. A garage is a useful room that many people want for parking their car, storing equipment, or working.

Worst: In-Ground Pool

An in-ground pool may be a dream for you, but it can also be a major hazard and requires a lot of maintenance, which could deter potential future buyers. Families with young kids or a limited budget may not want a pool.

If you live in an area where everyone has a pool, however, you may have a higher ROI with a swimming pool. If no one in the neighborhood has pools (and the weather isn't ideal for an outdoor pool), you could see a negative ROI.

Worst: Hobby Spaces

Hobby spaces include:

  • Home theaters
  • Home office
  • Man cave
  • Home library
  • Home gym

As long as these spaces are flexible enough to use as any type of room, they could boost the value of the home. However, if the room needs major restoration to transform it into a bedroom or other room, potential buyers may not want your home.

Home renovations are a great way to boost the value of your home. However, some improvements don't add much value. 

Contact a general contractor to learn more about home construction


Share