Home Improvements Large and Small: Projects with the best ROI

When it comes to enhancing the value of your home, making smart improvements can have a significant impact on both your property’s marketability and long-term value. Whether you're looking to sell soon or planning to stay for years, knowing which projects provide the best return on investment (ROI) is essential. Home improvement projects can range from simple, cost-effective changes to major renovations that require significant time and resources. This article will break down the best home improvement projects—small and large—and provide insights into their expected ROI, along with tips on how to tackle each project.

Small Home Improvement Projects: High ROI with Minimal Investment

Not every home improvement project needs to be a major renovation. Simple updates and upgrades can dramatically improve your home’s value, often without breaking the bank. Here are some of the best small projects with high ROI:

1. Fresh Paint

• Average ROI: 100-150%
• Project Overview: One of the most cost-effective ways to freshen up your home is with a fresh coat of paint. Whether it’s the exterior or interior, paint can instantly modernize the look of your home.
• Tips: For a fresh and polished look, choose a matte or eggshell sheen for walls, which provides a smooth, durable finish that is easy to maintain. For trim, go with a semi-gloss finish to create contrast and highlight architectural details. Stick to neutral colors like soft grays, whites, or beige, which are universally appealing and make spaces feel larger and brighter.

2. Landscape Improvements

• Average ROI: 100-200%
• Project Overview: Landscaping plays a crucial role in creating curb appeal. Well-maintained lawns, flower beds, and garden features can significantly enhance the first impression of your home.
• Tips: Simple improvements like trimming hedges, planting seasonal flowers, adding mulch, or creating a new garden bed can make a noticeable difference. Consider adding solar-powered lights along pathways, trees, or garden beds to highlight key features while providing an eco-friendly, sophisticated touch.
• Extra Tip: A well-lit yard not only adds to the aesthetic but also improves safety and security.

3. Updated Hardware

• Average ROI: 85-100%
• Project Overview: Replacing old, worn-out hardware in your kitchen or bathroom can give a room a modern touch with minimal effort.
• Tips: Swap out cabinet handles, faucets, and light fixtures with stylish, updated options. Choose materials like brushed nickel, matte black, or polished chrome to enhance a contemporary look.
• Extra Tip: Changing out your door handles and light switches can also bring small but noticeable improvements to the overall aesthetic of your home.

4. Minor Kitchen Remodel

• Average ROI: 80-100%
• Project Overview: A full kitchen renovation may not be necessary to add value. Instead, focus on minor updates such as replacing outdated appliances, upgrading countertops, or refinishing cabinets.
• Tips: Consider replacing old, energy-hungry appliances with modern, energy-efficient models. Refinish or paint your cabinets instead of replacing them to save money while still giving the kitchen a fresh look. Updating your backsplash with trendy, budget-friendly tile options can also be a quick win.
• Note: If you’re considering a large kitchen remodel, we have great contractors and resources who can guide you through the process and ensure the best results.

5. New Flooring

• Average ROI: 100-140%
• Project Overview: Flooring upgrades, such as replacing worn carpets or scratched wood, can have a major visual impact on your home.
• Tips: Hardwood floors or high-quality laminate are highly desirable, as they offer durability and timeless appeal. If hardwood is out of your budget, look into engineered wood, vinyl planks, or luxury vinyl tile for a similar effect at a lower price point.
• Extra Tip: A newly refinished hardwood floor looks stunning and can add a fresh, polished look to any room. Sanding and refinishing old hardwood floors is a great way to revive their beauty and save money over full replacement.

6. Bathroom Updates

• Average ROI: 70-90%
• Project Overview: A few updates in the bathroom can go a long way. Consider swapping out outdated fixtures, adding a new showerhead, or installing a modern vanity.
• Tips: Install a new mirror, fresh towel bars, and update the lighting for a quick makeover. If you have a bathtub, consider re-grouting the tiles or installing a new tub surround to give the space a fresh, clean look.

Larger Home Improvement Projects: Higher Investment, Higher Return

While smaller projects are great for enhancing the aesthetic appeal of your home, larger projects typically offer more significant returns. However, they often require a bigger budget and more time. Below are some of the top large-scale home improvement projects that can add considerable value to your home.

1. Kitchen Remodel

• Average ROI: 80-85%
• Project Overview: A full kitchen remodel can be a game-changer in terms of increasing home value. Kitchens are often seen as the heart of the home, and modernizing this space can make a huge impact.
• Tips: Focus on quality cabinetry, durable countertops (like granite or quartz), and high-end appliances. Opt for timeless designs that will remain appealing for years to come, rather than following the latest trends that could potentially date your home and make it less desirable to future buyers. Simple, classic designs with neutral color palettes and clean lines will always stand the test of time. 
• Consideration: If you plan on selling soon, stick to neutral designs and avoid overly personalized features that may not appeal to all buyers.
• Extra Tip: If you're planning an extensive kitchen remodel, I can connect you with expert contractors and resources who will help guide the process and ensure you get the best possible results.

2. Bathroom Addition or Remodel

• Average ROI: 70-80%
• Project Overview: Adding an extra bathroom, or remodeling an existing one, is one of the most beneficial ways to increase value, especially in a home with only one or two bathrooms.
• Tips: For a larger remodel, consider installing high-end features like a soaking tub, a rain shower, and double vanities. Focus on functionality and design—buyers will appreciate a bathroom that feels both luxurious and practical.
• Consideration: Adding a bathroom can be a great way to attract buyers with large families. Be sure to consult with a contractor for proper layout planning.

3. Adding a Deck or Patio

• Average ROI: 80-115%
• Project Overview: Outdoor spaces are in high demand, and adding a deck or patio creates additional living space that can be used for entertaining or relaxation.
• Tips: Materials like composite decking or pressure-treated wood provide longevity and low maintenance. Consider integrating a firepit, outdoor kitchen, or built-in seating to make the space more functional and appealing.

4. Basement Finishing

• Average ROI: 70-75%
• Project Overview: Transforming your basement into a usable living area, whether it's an additional bedroom, entertainment room, or home office, can greatly enhance your home’s value.
• Tips: Focus on proper insulation, flooring, and lighting to make the space feel warm and inviting. A home theater system or wet bar can also elevate the appeal.

5. Accessory Dwelling Unit (ADU) or Home Addition

• Average ROI: 60-75%
• Project Overview: Adding an accessory dwelling unit (ADU) or expanding your home with an additional bedroom or living area can dramatically increase its value. Whether you’re creating a rental unit, a guest suite, or extra living space, an ADU provides versatility.
• Tips: Make sure the new space integrates seamlessly with the rest of the home. Consult with architects and contractors to ensure it’s done within zoning requirements and adds meaningful space that enhances the home’s functionality and appeal.

6. Energy-Efficient Upgrades

• Average ROI: 50-75%
• Project Overview: Installing energy-efficient systems such as solar panels, energy-efficient windows, or high-efficiency HVAC systems can increase your home’s value, particularly for eco-conscious buyers.
• Tips: Replacing old windows with double or triple-pane versions can significantly reduce heating and cooling costs. Solar panels may require a significant upfront investment but can be a great selling point for environmentally conscious buyers. Leased panels can deter buyers.

Working with Contractors for Larger Projects

When it comes to larger-scale projects, working with the right contractors is crucial to ensure the project is completed correctly, on time, and within budget. As a real estate professional with years of experience, I can help connect you with trusted contractors who specialize in various home improvement areas. Whether you need a kitchen remodel, a new deck, or an attic conversion, I can recommend professionals who will provide quality work and ensure your investment yields the best return.

ROI and the Cost of Major Changes

As you explore different home improvement options, it’s important to note that not all projects will yield an ROI over 100%. While renovations like a kitchen remodel or adding an extra bathroom can significantly increase the value of your home, the return might still be under your total investment. If your home needs extensive changes to meet your personal preferences, it could sometimes be more cost-effective to sell your current home and buy a new one—especially if you’re thinking about downsizing.

For those considering a move, it’s worth evaluating whether making extensive modifications is the best route, or if a new home might better suit your needs and save you time and money in the long run. In many cases, downsizing to a smaller home with fewer maintenance needs can provide a better financial outcome, and the process may involve fewer complexities than managing large-scale renovations.

If you're unsure which path to take, I’m happy to discuss your options and help you assess whether selling and buying new or investing in upgrades will be the best strategy for your goals.

Conclusion

Investing in home improvements is a smart way to increase the value of your home, whether you’re planning to sell in the near future or simply want to enjoy an enhanced living space. From smaller projects like fresh paint and updated hardware to larger renovations like kitchen remodels and energy-efficient upgrades, each project can contribute to your home’s overall value.

The key to maximizing your ROI is to choose the right projects based on your budget, timeline, and long-term goals. For larger projects, be sure to work with trusted professionals to ensure that the work is done right and aligns with your vision.

If you're considering any of these home improvement projects, I’d be happy to help you navigate the process. Don’t hesitate to reach out for advice, contractor recommendations, or even a tailored real estate strategy to make the most of your home’s value.