Hometown Inspections
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Licenses
MD Inspector 33656
MDA 32628-91666
DE Inspector H4-0010188
MDE Wastewater 00002
October 2024
In a competitive real estate market, homeowners looking to sell often wonder how to maximize their property’s value. Particular renovations can significantly enhance a home’s appeal and resale price. As a home inspector, I’ve seen firsthand which upgrades make a difference. Here’s a deep dive into the home renovations that yield the best return on investment (ROI) today.
The kitchen is often considered the heart of the home, and an updated kitchen can significantly influence a buyer’s decision. A minor kitchen remodel can have a dramatic impact on perceived value.
Minor kitchen remodels can recoup about 80% of costs, while major renovations can recoup around 60-70%.
A clean, updated bathroom can significantly influence a buyer’s perception of a home.
Bathroom renovations typically yield an ROI of about 60% to 65%, making them a wise investment.
First impressions matter! Enhancing the exterior can attract buyers before they even step inside.
Investing in curb appeal improvements can yield an ROI of 70% to 100%, making it one of the best investments for homeowners.
More buyers are seeking homes that help reduce energy bills and minimize environmental impact.
Energy-efficient upgrades can have a variable ROI but often yield around 70% or more, especially with energy-saving appliances.
More square footage typically translates to higher home value. This is particularly appealing in family-oriented markets.
Finished basements can offer an ROI of 70-75%, while a new deck can recoup about 65-70%.
A clean, fresh look can make a home feel new and inviting, helping buyers visualize themselves in the space.
Fresh paint and new flooring typically see an ROI of about 60% to 75%, making them relatively low-cost options with high impact.