Let’s cut to the chase: The real goal of any renovation is to increase your home’s value. With small home renovations, the average ROI (Return on Investment) varies, but on average, you can expect a 70%-80% return on a well-executed renovation. In other words, for every $10,000 you invest, you could expect to see an increase of $7,000 to $8,000 in your home’s value.
What Renovations Yield the Best ROI?
Kitchens & Bathrooms: You’ve probably heard this before—kitchens and bathrooms give you the highest return. Simple updates, like new fixtures, countertops, or modernizing appliances, can make a huge difference.
Curb Appeal: The exterior of your home creates the first impression. Spend $5,000 to $10,000 on landscaping and front door updates, and you could see a 10%-20% increase in overall value.
Adding Usable Space: Finished basements, attic conversions, or extending your living room into an open-plan design offer great value.
But here’s where homeowners screw up: they start renovations without a roadmap. You don’t want to overinvest in the wrong areas.
Why You Need a Home Renovation Blueprint Consultation: An expert plan can make sure you’re investing in renovations that will yield the highest value for your home. Without it, you might end up spending money where it’s not going to count.
