Why making smart updates to your home before selling might matter more than ever!
With rising costs of building materials, buyers are more hesitant to take on homes that need major work. Sellers should focus on updates that provide the best return on investment (ROI) to attract buyers and maximize their sale price.
Top Renovations with the Best ROI
1. Kitchen Refresh (ROI: 75-100%)
Buyers focus on kitchens, but full remodels aren’t always necessary.
Best updates: New countertops, cabinet refacing, modern backsplash, updated hardware.
Avoid: Expensive overhauls unless absolutely needed.
Homes with minor kitchen renovations can increase in value by 5-15%.
2. Bathroom Upgrades (ROI: 65-80%)
Buyers notice outdated bathrooms but small changes can have a big impact.
Best updates: New vanity, fixtures, fresh caulking, regrouting tiles, better lighting.
High-impact tip: Replace an old tub with a walk-in shower.
3. Flooring Makeover (ROI: 70-90%)
Buyers notice flooring immediately. Worn-out carpet or dated tile can lower a home’s appeal.
Best updates: Refinish hardwood or install durable luxury vinyl plank (LVP).
Budget tip: High-quality laminate or LVP can be a cost-effective alternative.
4. Energy-Efficient Upgrades (ROI: 60-80%)
Efficiency improvements appeal to buyers and can lower household expenses.
Best updates: Insulated windows, smart thermostats, improved insulation.
Homes with energy-efficient upgrades may sell faster and for a higher price.
5. Curb Appeal Enhancements (ROI: 75-100%)
First impressions matter.
Best updates: Fresh paint, modern house numbers, simple landscaping, updated lighting.
A new front door can increase home value and has a high ROI.
What to Avoid
Over-customizing: Buyers prefer neutral, move-in-ready homes.
Luxury additions: Pools, home theatres, and wine cellars don’t recoup costs.
Trendy designs: Stick to classic and timeless updates.
Consult Before You Renovate
Not all updates provide the same return. Before making any changes, consult with us to determine what will make the biggest difference in your home’s value and marketability.
