Home remodeling can be both an exciting and daunting experience. This is especially true when you’re looking to improve your home’s return on investment to put it on market.
Fortunately, you can save money on home renovations by focusing on rooms that would bring in the highest ROI. That being said, consider the following renovations that could improve your home’s ROI.
The Kitchen Remodel
Kitchen remodels are incredibly popular. In fact, even a minor kitchen renovation has an ROI as high as 82.7%. This is because the most kitchen appliances become outdated after 10 to 15 years.
Updated appliances mean home buyers won’t have to replace them anytime soon. What’s more, the kitchen is where Americans spend the most time when they’re not relaxing in the living room. Families need space to prepare food together and a renovation can give them the space they need.
The Basement Remodel
Basements that haven’t been remodeled can be uncomfortable spaces. And if this space is where potential home buyers need to go in order to do laundry or store items on a regular basis, you can be sure it won’t make any offers come in fast.
However, a remodel can turn scary basements into luxury basements. With the right contractor, you can make your home’s basement into a community space for the kids, an in-law suite, a workout room, etc. These additions will certainly have a higher ROI compared to a cement-floored storage space.
The Bathroom Remodel
The bathroom is both a space for grooming and relaxing, which is what makes bathroom additions have an average ROI of 86.4%. Like the kitchen, your bathroom’s appliances can become outdated.
An updated, renovated bathroom tells home buyers the appliances are well-functioning and aren’t likely to fall apart anytime soon. What’s more, bathroom remodels are appealing because they can turn the everyday bathroom into a spa for those who want to come home and relax after a long day.
Kitchen, basement, and bathroom remodels can significantly improve your home’s ROI. For more information on home additions and renovations, contact the kitchen remodeling contractors Northern VA trusts at Oak Hill Building and Remodeling today.