Top Home Improvement Projects to Get Most Bang for Your Buck

Did you know 49% of homeowners saw equity gains they weren’t expecting when remodeling their home?

Not only do home improvement projects enhance your living space but they can also add significant value to your property. With countless options available, it’s essential to focus on projects that offer the highest return on investment. While transforming a bathroom into a spa-like space may sound appealing, the cost may not pay for itself when it comes time to sell. Conversely, investing in refinishing hardwood floors or updating the countertops in your kitchen is likely to increase a home’s value, even if these projects may not evoke the same sense of luxury or upgrade.

Here are the top five home improvement recommendations that will not only revitalize your space but also provide the best bang for your buck:

1. Refinishing Hardwood Floors:

There’s something timeless and elegant about hardwood floors, but over time, they can lose their luster. Refinishing your hardwood floors is a cost-effective way to breathe new life into your home. Whether you’re tackling scratches, stains, or simply want to update the finish, refinishing hardwood floors can instantly elevate the ambiance of any room. Plus, with proper maintenance, your newly refinished floors will continue to impress for years to come.

Moreover, refinishing hardwood floors can add value to your home. Potential buyers are often attracted to homes with well-maintained hardwood floors, and refinishing them can make your property more appealing on the real estate market whenever you look to sell. According to the National Association of Realtors’ Remodeling Impact Report of 2022, hardwood flooring refinish recoups 147% of its initial cost.

2. Fresh Paint Throughout the Home:

Paint is such a simple and cost-effective way to make a big impact in your home. Most gallons of paint cost anywhere from $20 to $60, depending on brand. Prioritize the most visible spaces and stick to neutral colors as much as possible for the best value for your money and resale potential while giving a bright new look to your living space. We have custom palettes we’ve designed for our clients over the years and update them annually with trending colors. Let us know if you have a certain space you need color and finish recommendations for! 

3. Kitchen Upgrade:

The kitchen is the heart of the home, and investing in upgrades can yield significant returns. From modernizing appliances to revamping cabinets and countertops, there are countless ways to enhance your kitchen’s functionality and aesthetics. Consider opting for energy-efficient appliances, timeless finishes, and upgraded storage solutions to create a space that’s both practical and visually appealing. A well-designed kitchen not only improves your daily living experience but also boosts your home’s resale value.

4. Converting/Building a Home Office:

With remote work becoming increasingly prevalent, having a dedicated home office space is more important than ever. Whether you’re converting an existing room or finishing an unfinished space, creating a functional home office can add a valuable, usable space for you while adding value to your home. Consider designs that create a space that inspires creativity and efficiency. A well-designed home office appeals to potential buyers seeking versatile living spaces and also need the ability to work from where they live.

5. Installing a Deck:

Outdoor living spaces are becoming more popular with homebuyers. Adding a deck will increase your home’s usable outdoor space while also increasing the value of your property! Installing a deck is one of the most cost effective means of increasing the value of a property prior to putting it on the market, at a 76% return of investment. Check with your town to see if you need a permit, as some towns require one to install a deck.

Our team has many contacts, including contractors that could help with these projects. We also are always available for complimentary walk throughs of your home to assess what projects will most benefit you AND add the most value for every dollar spent. This is a free service we provide to all of our clients, however we are always happy to give a consult! We work with hundreds of buyers and sellers every year and know what it takes to “make a match” – and that means meeting you where you are at with your home and providing you the best resources possible to achieve your financial goals with the sale.