Home Renovations That Offer the Best Return on Investment  

Renovating your home can be as exciting as it is daunting. Whether you’re preparing to sell or just eager to boost your property’s value, focusing on updates that deliver the highest return on investment (ROI) is essential. Not all renovations are created equal, and while some add significant value, others may be more costly than they’re worth.  

Let’s explore the home renovations that will help you get the most bang for your buck.  

1. Kitchen Remodels  

The kitchen is often considered the heart of the home, making it a top spot for return-driven updates. Potential buyers typically lean toward homes with modern, functional kitchens, so investing here is smart.  

What adds value:  

• Minor upgrades: Replace outdated appliances with energy-efficient models, refresh cabinets with a coat of paint or new hardware, and swap out laminate countertops for affordable alternatives like quartz.
• Payback: A minor kitchen renovation can recoup around 70–80% of the cost.

Pro Tip: Avoid going overly upscale. Gourmet kitchens may look stunning, but they don’t consistently deliver a higher ROI for the cost. Stick to practical, updated features.  

2. Bathroom Renovations  

An updated bathroom signals cleanliness and modern convenience, which buyers find appealing. Often, a mid-range bathroom remodel pays off better than an ultra-luxury overhaul.  

What adds value:  

• Replacing old fixtures (e.g., faucets, showerheads) with modern ones
• Updating lighting for softer, flattering tones
• Installing efficient toilets or low-flow showerheads for eco-conscious upgrades

Payback: Expect an ROI of 60–70%, especially when focusing on upgrades like tile flooring and walk-in showers.  

Pro Tip: Paint in neutral tones, such as soft gray or off-white, to appeal to the broadest range of buyers.  

3. Curb Appeal Improvements   

First impressions matter, and enhancing the exterior of your home can dramatically boost its perceived value. A well-maintained exterior gives buyers confidence before they even step inside.  

What adds value:  

• Replacing an old front door with a steel one
• Adding a fresh coat of exterior paint or upgrading siding
• Planting shrubs or laying fresh mulch for landscaping

Payback: According to Remodeling Magazine, improvements like a fresh coat of exterior paint or a new garage door can return up to 90–95% of the cost when you sell.  

Pro Tip: When landscaping, choose low-maintenance plants that thrive in your climate to save time and money.  

4. Energy-Efficient Upgrades  

Today’s buyers value homes that save money and help the environment. Swapping old systems for energy-efficient alternatives boosts ROI while potentially lowering utility bills.  

What adds value:  

• Installing energy-efficient windows
• Adding attic insulation
• Upgrading your HVAC system with a high-efficiency model

Payback: Energy efficiency upgrades often yield an ROI of 60–80%, and depending on where you live, they may even qualify for tax incentives.  

Pro Tip: If you’re short on budget, a simple smart thermostat installation (costing under $250) is an inexpensive upgrade with great appeal.  

5. Converting Unused Spaces  

Turning unused or underutilized areas of your home into livable spaces can significantly increase value. Think basements, attics, or even garages transformed into functional rooms.  

What adds value:  

• Finishing a basement into a media room or guest suite
• Converting an attic into an additional bedroom
• Turning a portion of the garage into a home gym or office

Payback: A basement remodel can provide up to 70% ROI, while converting an attic into a bedroom can deliver 60–65% ROI.  

Pro Tip: Focus on spaces with universal appeal. A cozy guest suite or home office is more marketable than custom hobby spaces.  

6. Decks and Outdoor Spaces  

With more homeowners craving outdoor living spaces, adding a deck or sprucing up your backyard is a value-adding move.  

What adds value:  

• Adding a wood deck or refurbishing an existing one
• Setting up outdoor lighting or a fire pit for warmth and ambiance
• Incorporating a pergola for shade and modern design

Payback: Deck additions typically deliver around 65–75% ROI, making it one of the best outdoor upgrades you can invest in.  

Pro Tip: For added charm, pair your new deck with modest landscaping enhancements, like planters and seating.  

7. Fresh Interior Paint  

Sometimes, the simplest updates make the most significant impact. A fresh coat of paint is an easy and cost-effective way to modernize your home and entice buyers.  

What adds value:  

• Sticking to neutral colors like beige, gray, or white
• Using high-quality paint for long-lasting results

Payback: With ROI upwards of 100%, a can of paint can sometimes deliver the highest returns for the lowest investment.  

Pro Tip: If you’re selling, use widely appealing neutral tones. These help buyers envision their furniture and style in the space.  

Give Me a Call  

Not all home renovation projects are created equal. Focusing on updates that speak to modern buyer interests and improve functionality will help you get the best value for your investments.  

Are you thinking of sprucing up your space to sell your home? Start with these top renovation ideas to ensure your efforts truly pay off. With the right choices, you can maximize your ROI while creating a space that’s as functional as it is beautiful. When you are ready to list your home, call Liz Norvelle at (928) 458-4025.