A house is a major investment in itself. Ask any homeowner, and they’ll likely tell you that the initial purchase is just the start of that investment. You’ll have maintenance and repairs to complete on a regular basis, and chances are you’ll also look to make some improvements or changes over the years. Whether you are looking to recover renovation costs with an upcoming move or you just want to invest wisely in your home, these three projects all offer a high ROI.
1. Upgrading the Exterior
Exterior changes can have a big impact on a home’s value, so they are a great choice if you are looking to sell a home or want to maximize your equity. Here are a few of the exterior projects that offer the best returns:
- Giving the siding a new look with fresh vinyl or manufactured stone
- Installing new garage doors
- Adding a front porch or deck
- Upgrading the entry door
2. A Minor Kitchen Remodel
The kitchen is another prime area for high ROI home improvements. Think smaller here to maximize your investment. Projects like new cabinets, upgraded appliances and new flooring can really affect a room’s appearance without altering its footprint. Work with someone who specializes in kitchen and bath remodeling St Louis MO to really make your new kitchen space stand out.
3. Adding Finished Space
If you can increase the liveable area of your home without having to change its existing footprint, this is a remodel that is worth the investment. Look to unfinished basements and attics for places that naturally lend themselves to playrooms, home theaters, or a workout area. Always check the regulations in your area since some minor changes to exterior walls might be needed.
Upgrading kitchens, giving the exterior a refresh and finishing unused space are a few of the home improvement projects with the highest ROI.
