Premier Sotheby's International Realty
ML Meade, Premier Sotheby's International RealtyPhone: (239) 293-4851
Email: [email protected]

Building value with home improvement: Return on investment

by ML Meade 09/04/2022

When homeowners think of home improvement, return on investment is usually on their mind. Enhancing your existing home with remodeling projects is even more rewarding when the time and money spent pay off in home value.

However, since most major home improvements can be costly, it’s important to know which projects have the highest return on investment. According to real estate experts, some home remodeling projects stand out as the best options for adding home value.

To help you find ideas for your potential home renovations, here are some of the most beneficial upgrades to consider:

Minor bathroom renovations

Bathrooms are a huge source of your home’s value, and even adding minor improvements can pay off substantially. For example, simple changes like replacing your shower head and plumbing fixtures make a bathroom seem brand new.

Other recommended bathroom projects include replacing light fixtures, adding storage solutions and installing low-flow toilets.

Landscaping renovations

Never underestimate the power of curb appeal. Upgrading your outdoor space will enhance the entire aesthetic of your home’s exterior and please prospective homebuyers. Remove weeds and debris, plant some fresh greenery and add a new garden path to your front door.

If you have a backyard, make sure to give it some attention as well. Improving your outdoor living spaces with additions like patios, pergolas and garden beds can help you enjoy them more while also increasing your home value.

Basement & attic renovations

If your home has an unfinished basement or attic, consider taking the time to remodel it into a usable space. There’s no need to make it complicated, either - simple home improvements like installing hardwood floors, drywall and quality light fixtures will add value and potentially double the square footage of your home.

While home improvements can be expensive and time-consuming, many of them bring enormous benefits. Whether you want to refresh your existing space or prepare your home for the real estate market with a full remodeling project, these renovations are some of the best returns on investment to consider.

About the Author
Author

ML Meade

ML is one of the most well-respected and successful Realtors® in the Marco Island market, often achieving top producer status. Continually taking courses and seminars and achieving additional certifications, ML feels it is important to keep abreast of all the latest trends and information available. Regardless of price point or location, she provides every customer with individualized service and a home buying or selling experience that exceeds expectations. ML receives rave reviews from customers for her knowledge of the current market, technical skills, honesty, professionalism, high-impact marketing techniques, listening and negotiating skills. ML believes that charity begins at home and is a member of many community organizations that raise thousands of dollars for local charities. She co-founded the Marco Island Half Marathon, is a member of the Marco Police Foundation and Certified Emergency Response Team, serves as director of the Marco Island Fire Rescue Foundation and is a member of the Marco Chamber of Commerce and 2010 Leadership Marco. She is also a member of the Marco Island Area Association of REALTORS®, Naples Board of REALTORS®, Florida Association of REALTORS® and National Association of REALTORS®. ML’s awards include the Women’s Council of REALTORS®, 2008-2018 Top Producer, Marco Island Area Association of REALTORS® and the Robbie Clark Award. Designations/Licenses: Accredited Buyer Representative, e-Pro Internet Professional, Graduate REALTOR Institute, Senior Real Estate Specialist (SRES)