Which Home Improvement Project Offers the Best Return on Investment?

Posted by Carolyn Lynch on December 19th, 2022

How do you determine what home improvement project to tackle first when you only get to tackle this kind of project once every few years?

The ROI of a home improvement project

Home improvement return on investment (ROI): 

Concerning what you spent on improvements, the amount you can expect to get back when you sell.

The ROI value usually represents the return on investment. One hundred percent ROI means you recouped everything you invested in your home improvement project. Zero percent ROI means you gained nothing. There are different ROI percentages for different types of projects.

On the Move

When you are considering reselling your home, improving it is of greater urgency. Improve it in a way that will sell it for the highest price possible without going over the net value of all the improvements.

Home improvement projects that secure your home from the elements while also enhancing the aesthetics of your home are the safest in the South Atlantic region –where our customers in Washington D.C. Maryland and Northern Virginia Live.

Your best bets:

A new roof, updated siding, and new windows can increase profitability by over 70 percent, according to Remodeling.com.

Curb appeal matters!

A lot of homeowners overlook landscaping as part of a home improvement task. John Gidding, the host of HGTV’s Curb Appeal, told the Washington Post Jill Chodorov that landscaping has a 150 percent return on investment –but to me that is conservative.

Gidding said, “I have asked about this repeatedly. I used ,000 to improve curb appeal in one house, and the sellers got 0,000 more than they’d paid for it a year earlier. The return was amazing. I wouldn’t say that ,000 will buy you 0,000. To create a landscaping plan that matches your home’s architectural style, you should research the style of your home before investing your money.

Consider Your Market

Having improvements that buyers want increases your ROI on home improvement projects. Sounds pretty obvious, doesn’t it?

A report on HarryHelmet.com, for instance, points out that decks in Baltimore represent good investments. This deck would be 320 square feet, anchored to concrete piers, with 4x4 posts supporting the deck, and joists and boards pressure treated. The project would include steps, a planter, a built-in bench, and wood railings all around. While the installation would cost ,300, the homeowner would recoup about 78.6%.

The right home improvement project is unique to the market. For example, fiber-cement siding replacement is a good investment for Washington, D.C. residents, while Richmond homeowners should consider bathroom remodelling, and Harrisburg residents may want to consider attic conversions.

What’s hot?

A bathroom remodel can earn you a positive return on investment even in a hot market like Washington, D.C. However, you might boost the value of your home by adding a bathroom instead of renovating the existing one.

Check Out Mississippi Landsource when you’re selling your home.

With our roof replacement services, you can maximize the value of your housing when you try to sell. If you don’t have the right roofing, we can help you get the kind of roof that will make you sell top dollar when you sell.

If you’re looking for the top realtors in Mississippi, Landsource has them. Or if you’re looking for some great hunting land for sale in Mississippi, check out our best listings.